Announced
Financials
Tags
real estate development
Private
Acquisition
France
Real Estate Holding and Development
Single Bidder
Pending
Majority
Friendly
Synopsis
Altarea Cogedim, a French company dedicated to both the development and investment in real estate, agreed to acquire a 50% stake in Woodeum Residentiel, a French real estate developer, for €50m ($56m). “Faced with the mobilisation against climate change, we have an unprecedented responsibility to develop more sustainable and resilient towns and cities. This is the driver behind the strategic partnership we are forging with Woodeum. As an urban entrepreneur, we are firmly convinced that timber construction will play a key role in the development of low-carbon towns and cities. We are committed to speeding up our development in this field by providing an ambitious offering designed to meet the needs of local authorities and the expectations of users,” Alain TARAVELLA, Altarea Cogedim Group Founder and Chairman.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.