CNP Assurances carries out the largest real estate transaction in its history

The French insurer CNP Assurances will buy a housing portfolio worth 2.4 billion euros from CDC Habitat, according to a press release from the Caisse des Dépôts subsidiary published on Tuesday.

The subsidiary of Caisse des Dpts (CDC), manager of more than 525,000 housing units, qualifies the operation as exceptional in its scale and specifies that it takes place at the end of a competitive process in which around thirty French and foreign investors.

The investment director of CNP Assurances Olivier Guign, for his part affirmed to the newspaper Les Echos that this is the biggest transaction that we have ever made in real estate.

7,600 housing units concerned

The 7,600 units concerned are in new buildings, 50% located in Ile-de-France near the structuring transport networks and the other half in the main French cities, details CDC Habitat.

The transaction is for the benefit of housing production, according to CDC Habitat, which intends to maintain the pace of housing production driven by the two recovery plans, announced in 2020 and 2021, which generate on average more than 20,000 housing deliveries. dwellings per year.

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