(Boursier.com) — Strongly involved for many years in real estate programs promoting zero net land take through large-scale requalification or rehabilitation projects, the Group Capelli finalized in this context a block sale in Etampes. This 63-unit program was acquired by a social landlord with a strong presence in Ile-de-France.
Built on the former site of a car garage, this residential complex will be integrated into the environment of the town of Etampes and will preserve the listed wooded area of the plot as a whole.
With this program for a total amount of 12 million euros excluding taxes, the Capelli Group demonstrates its expertise in urban recycling. Capelli already has numerous rehabilitation/renovation references to its credit, which have made it possible to limit urban sprawl and the artificialization of new soils.
The block sale of two other programs located in the Paris region should take place in the coming days.
“With this block sale to a leading lessor strongly invested in ambitious social, societal and environmental objectives, we are contributing to the new challenges of the city of tomorrow and providing innovative solutions to the various players involved in the habitat of tomorrow. This sale demonstrates our ability to adapt to a more complicated market environment. We currently have several major projects in the process of being finalized in France but also in Luxembourg which secure our medium-term development. Our main objective is to conduct our projects in compliance the sustainability of the Group by favoring the preservation of our margins and a good return on investment”, indicates Christophe Capelli (Chairman and CEO of the Group) who concludes: “In this respect, our positioning as a partner with major social landlords and institutional investors will give its full potential in 2023 and 2024. Bulk sales will thus represent nearly 90% of our sales in France over these two fiscal years.“.
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