Crédit Agricole: acquires Nexity Property Management
(CercleFinance.com) - Crédit Agricole Immobilier announces that it has acquired Nexity Property Management, a Nexity subsidiary specialising in the management of commercial, residential and retail assets, a transaction announced last July.
This makes Crédit Agricole Immobilier the leading institutional property management player in France in terms of sales, and strengthens its range of expertise in this activity: consulting, technical and accounting rental management, works supervision and shopping center management....
In addition, Nexity Property Management's powerful network of over 30 branches and offices throughout France completes and consolidates Crédit Agricole Immobilier's presence in France, it continues.
In all, Crédit Agricole Immobilier now manages over 11,000 assets. The impact on Crédit Agricole SA's CET1 ratio is insignificant, and the return on investment that this transaction would generate is in line with the banking group's policy.
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This makes Crédit Agricole Immobilier the leading institutional property management player in France in terms of sales, and strengthens its range of expertise in this activity: consulting, technical and accounting rental management, works supervision and shopping center management....
In addition, Nexity Property Management's powerful network of over 30 branches and offices throughout France completes and consolidates Crédit Agricole Immobilier's presence in France, it continues.
In all, Crédit Agricole Immobilier now manages over 11,000 assets. The impact on Crédit Agricole SA's CET1 ratio is insignificant, and the return on investment that this transaction would generate is in line with the banking group's policy.
Copyright (c) 2024 CercleFinance.com. All rights reserved.