In a persistently turbulent environment for the real estate industry, many players in 2024 sought to consolidate their financial strength or take advantage of an opportune market moment. From fund-raising to mergers and acquisitions, capital increases to refinancing, here's a non-exhaustive look at some of the year's most significant corporate deals.
BNP Paribas and Axa IM seal their alliance
Having entered into exclusive negotiations last August, Axa and BNP Paribas took a further step in December towards the acquisition by BNP Paribas Cardif of Axa IM's subsidiary, with the signing of an agreement to acquire... Read more
M&G Real Estate acquires majority stake in BauMont
M&G Real Estate has acquired a 65% stake in BauMont Real Estate Capital, the European real estate fund manager specializing in value-added investment strategies in Western Europe... Read more
STE targets €600 million capital increase
Société de la Tour Eiffel announced in early November its intention to carry out a capital increase, with shareholders' pre-emptive rights maintained, for a target amount of €600 million... Read more
Stonal receives €100 million investment from Aareon
Stonal, which had launched a fund-raising process with Lazard bank, will benefit from an investment of up to €100 million from Aareon, European leader in SaaS solutions for the real estate industry... Read more
Nexity resizes its production facilities
After selling its property administration business to the investment firm Bridgepoint, a transaction based on an enterprise value of €440 million finalized in early April, Nexity sold its property management subsidiary to Crédit agricole immobilier in November. The group intends to refocus its activities on the development, operation and... Read more
Covivio strengthens its hotel business
Covivio has made the strengthening of its hotel business a strategic focus for 2024. At the end of April, the SIIC acquired the 8.3% stake in its subsidiary Covivio Hotels held by Generali, and now holds 52.2% of its capital. And in October, the group launched the WiZiU hotel management platform... Read more
XXL refinancings on the Paris market
The year 2024 saw a series of XXL refinancings signed on the Paris market in 2024. These included deals worth around €900m for Cœur Défense, €225m for a portfolio of five assets, including one on the Champs-Élysées, €456m for the Duo towers, €300m for three Ecla student residences, €200m for the Stellar building, and €182.5m for the 32 Blanche... Read more
AEW acquires Natixis IM International's private debt business
AEW Europe struck a blow at the beginning of the year with the acquisition of the private debt business of Natixis Investment Managers International, which designs and structures investment solutions in the field of private debt for infrastructure and real assets... Read more
Novaxia acquires Masteos
The Novaxia group has acquired Masteos, a company specializing in turnkey rental investment, for €1 million, along with its three entities dedicated respectively to transaction, works and management.... Read more
Partners Group to acquire Empira Group
Partners Group, which already has $150 billion in assets under management, including €43 billion invested in real estate, has agreed to acquire Empira Group, an integrated real estate investment platform specializing in residential property, with an estimated final portfolio value of €14 billion... Read more
But also...The alliance between Zenitude and Stella recovers the seniors branch of the Réside études group... Redman integrates Altev to strengthen its expertise in urban regeneration... Legendre sells two of its entities to its former CEO... Evolis enters "a new phase in its development"... Groupe Duval acquires a Clariane subsidiary... Norman Taylor will not take over NCT... |