(AOF) – The Artea group, a specialist in low-carbon real estate, announces the success of its 10 million euro financing intended to support the growth of its renewable energy division and to achieve its objective of carbon neutrality on the horizon 2030. These 10 million euros were raised in three crowdfunding campaigns representing a total of 7.5 million euros from 2,700 lenders, and in support of 2.5 million euros from the FPS 123 fund. Energy Transition, managed by the management company 123 IM, parent company of Lendosphere.
Artea aims to multiply its installed power and renewable production by 5 over the next 4 years. The idea is to supply its entire real estate portfolio with renewable energies produced in France by 2025, and to achieve carbon neutrality by 2030 with the generalization of its “Zero carbon, zero fossil strategy, 100% renewable.
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A demand crisis
According to data from the Federation of Real Estate Developers (FPI), the figures for the third quarter of 2022 continue to be alarming. Sales of new collective housing fell by 12.4% over one year, to 19,006 units. Over the first nine months of 2022, the drop reached 10.2%, to 72,670 units.
Reservations are also plummeting due to the collapse of block sales to social landlords and institutional investors. With interest rates rising, institutional investors are renegotiating or halting operations. First-time buyers are penalized by the rise in rates and the tightening of the Pinel system puts off certain private investors.
Due to the sharp rise in construction costs, the FPI estimates that one in six authorized operations is ultimately not carried out for economic reasons.
Faced with this, prices are still rising: the sales prices of new collective housing increased by 5.9% across France in the third quarter of 2022. Ile-de-France is an exception, with a decrease of 0. 9%.