INFO LE FIGARO – The sale of these assets, valued at 2.4 billion, allows the real estate operator to finance its development.
It is the largest housing transaction in France’s history. CDC Habitat, a subsidiary of Caisse des dépôts and the leading player in social housing in France with more than 525,000 housing units managed, will sell 7,600 of them to CNP Assurances. This portfolio is valued at 2.4 billion euros. “This operation will allow us to finance our development”explain to Figaro Vincent Mahé, CEO of CDC Habitat. Since 2020, the public group has embarked on a forced march of development, in particular to support real estate developers and construction players strongly affected by the pandemic. That year, CDC Habitat acquired 40,000 homes, which represents an investment of 9 to 10 billion euros. The objective is to continue at a high pace of development, even if it is not as intensive. “We want to be able to build or buy more than 20,000 new housing units each year, including 11,000 new social housing units in…
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