CNP Assurances has acquired an 85 percent interest in a portfolio of 7,600 residential assets in France from CDC Habitat, a subsidiary of the Caisse des Dépôts. The deal was valued at €2.4 billion ($2.65 billion). Ampère Gestion, a subsidiary of CDC Habitat, retained a 15 percent interest in the portfolio. AEW advised CNP Assurances on the acquisition.
“AEW is proud to have provided its real estate investment expertise to CNP Assurances for what will undoubtedly remain one of the largest transactions in the French market in 2022,” said Cédric Dit Wallabregue, director at AEW.
Raphaël Brault, managing director of AEW in France, added, “The investment markets are returning to their pre-pandemic momentum, with residential asset classes being a key driver of that trend, underpinned by both the resilience of the long-term visible income they offer and, in many cases, their ESG credentials. This landmark transaction further demonstrates investors’ interest in
