Announced
Completed
Financials
Sources
Tags
Real Estate Holding and Development
Cross Border
Friendly
Majority
Completed
real estate development
Acquisition
Private
Germany
Single Bidder
Synopsis
Nexity, a real estate group, completed the acquisition of a 65% stake in Pantera, a German developer of residential real estate. Financial terms were not disclosed. "The proven relevance of our real estate services platform model in France leads us to consider its deployment outside France. The specificities of the German residential market are attractive and fit with our expansion strategy. While remaining compatible with our prudent risk model, and in a legal environment comparable to the French one, we make the commitment, with the support of our Board of directors, that this partnership with Pantera will become a new growth driver for our Group," Jean-Philippe Ruggieri, Nexity CEO.
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