By taking control of Angelotti

Paris, France, June 23, 2022, 6:30 p.m. CEST

  • Angelotti, regional leader in residential and urban developmentprohibit planning in Occitania region (South of France)
  • A common, complementary vision and culture footprint and Activities
    • Strengthening of Nexity’s presence in Occitanie, a fast-growing region
    • Acceleration of Nexity in the urban planning business to better meet the expectations of local authorities and increase land sourcing for development projects
  • Strong assess creativeon
    • 150 million euros in turnover, up +20% in 2021
    • Increase in operating margin from 2023
    • Strong pipeline of projects representing approximately 6 years of revenue

Nexity announces the signing of an agreement to acquire 55% of the capital of the Angelotti group, regional leader in real estate development and urban planning in Occitanie in the south of France, the balance being held by the company’s managers.

Founded in Béziers in 1981 by Louis-Pierre Angelotti as a specialist in urban planning (sale of building land, development of new districts), the Angelotti group has gradually added a residential development activity to its offer since 2008. The group has established itself as a leading player in the markets of Montpellier, Béziers, Nîmes and Perpignan, regions with significant demographic dynamism (among the highest demographic growth rates in France between 2013 and 2019). Its development continues today in the West towards Toulouse and in the East in the PACA region (Provence-Alpes-Côte d’Azur)

The Angelotti group has more than 140 employees. In 2021, it made nearly 1,600 reservations (approximately 900 in town planning and 700 in development). Consolidated turnover amounts to more than 150 million euros in 2021, up +20% compared to 2020. Thanks to an active regional development policy, it benefits from a significant pipeline of projects representing approximately 6 years of revenue, which will be facilitated by the joining forces with Nexity.

In addition to this operation, the Angelotti group plans to acquire 55% of Moreau Investissement, a company owned by Yohann Moreau, commercial partner of the Angelotti group in several projects, particularly around Perpignan.

The completion of these two transactions is only subject to the condition precedent of the authorization of the Competition Authority and should be finalized in the third quarter of 2022.

Louis-Pierre Angelotti, Chairman of the Angelotti Group, Roch Angelotti, its Managing Director, and Yohann Moreau, Chairman of Moreau Invest, will retain their functions and continue to lead the development of the Angelotti Group. The remaining shares being held by Yohann Moreau.

Speedwell BedagueChief Executive Officer of Nexity, said: “The acquisition of the Angelotti Group is a major step forward for Nexity. This operation is fully in line with the Group’s strategic ambition to strengthen its urban development offering, a long-term location and transformation business. territories serving local authorities and will also enable Nexity to consolidate its market share in residential development in the South of France (Occitanie and PACA – Provence-Alpes-Côte d’Azur regions), two areas with strong growth potential , relying on reputable and well-established local players.

Louis Pierre AngelottiChairman of the Angelotti Group, said: “Through this operation, the Angelotti family has chosen to support the continued development under its brand of the Angelotti Group with Nexity, the leading French real estate operator and the only national developer to have an integrated urban planning development activity for several decades, like the Angelotti group. Beyond its own skills, the Angelotti group will thus benefit from all of Nexity’s experience and references in the key areas of sustainable urban planning and the virtuous production of housing, in particular through innovative construction methods and the transformation of brownfield sites.

NEXITY, LIFE TOGETHER
With nearly 8,000 employees and 4.6 billion euros in revenue in 2021, Nexity is the leading integrated real estate group in France, with a national presence and activities in all areas of property development and services. . Our service platform is designed to serve all of our individual clients, companies, institutional investors and local authorities. Our raison d’être “living together” expresses our desire to create spaces, neighborhoods and sustainable cities for them, which allow us to weave and recreate links. Nexity is notably ranked for the third consecutive year, France’s leading low-carbon project owner by BBCA, is a member of the Bloomberg Gender-Equality Index (GEI) and Best Workplaces 2021.
Nexity is listed on the SRD, compartment A of Euronext and on the SBF 120.

CONTACTS

Domitille VIELLE – Head of Investor Relations / +33 (0)6 03 86 05 02 – [email protected]
Cyril RIZK – Press Relations Manager / +33 (0)6 73 49 72 61 – [email protected]

ANGELOTTI REAL ESTATE GROUP, Experienced Urban Planner, Trusted Developer

The Angelotti Real Estate Group, regional urban planner and real estate developer created by Mr. Louis-Pierre Angelotti, has been building for nearly 40 years, in partnership with local authorities.
As an urban planner, the Angelotti Real Estate Group has recognized experience in setting up and managing complex real estate operations, particularly in the context of urban planning concessions (ZAC).
It approaches each project from an environmental perspective, the themes of which are agreed with the local authorities during the first stage of the assembly and consultation process.
To be closer to the territories, the Angelotti Real Estate Group is organized into local operational agencies (Béziers, Montpellier, Toulouse, Carcassonne, Perpignan, Nîmes, Salon de Provence), which guarantees responsiveness and consideration of specific contexts.

CONTACT

Roch ANGELOTTI – Managing Director / +33 (0)6 73 84 02 45 – [email protected]

  • 20220623_PR_BY ACQUIRING A CONTROLLING STAKE IN THE ANGELOTTI GROUP

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