CNP Assurances acquire 85% stake in CDC Habitat resi portfolio (FR)

CNP Assurances acquire 85% stake in CDC Habitat resi portfolio (FR)

CNP Assurances, advised by AEW, has acquired an 85% interest in a portfolio of 7,600 residential assets from CDC Habitat, a subsidiary of the Caisse des DepotsThe majority of the portfolio comprises housing let at affordable rents, in line with CNP Assurances' commitment to responsible investment. The purchase price was not disclosed. 

 

Cedric Dit Wallabregue, Director at AEW, commented: “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.”

 

Raphael 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 this growing sector and we are delighted to have been able to advise CNP Assurances.”

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