Nexity to acquire a 55% stake in Angelotti group.

Nexity, a France’s integrated real estate group, agreed to acquire a 55% stake in Angelotti group, a regional urban planner and property developer. Financial terms were not disclosed. "The acquisition of the Angelotti Group is a major step forward for Nexity. This transaction is fully in line with the Group's strategic ambition to strengthen its urban planning offer, a business based on long-term implementation and transformation of territories at the service of local authorities. It will also enable Nexity to consolidate its market share in residential development in the South of France, two areas with strong growth prospects, by relying on reputable and well-established local players," Véronique Bédague, Nexity CEO.