CNP Assurances Buys a Portfolio of Over 7,600 Housing Units from CDC Habitat
Posted on 03/16/2022
On March 9, 2022, French insurance company CNP Assurances S.A. has acquired an 85% interest in a portfolio of 7,600 residential assets from CDC Habitat S.A. The portfolio was worth €2.4 billion. CNP Assurances has acquired 85% of the company Lamartine, created for this transaction and managed by Ampère Gestion, a subsidiary of CDC Habitat, which retains 15% of the capital. CNP Assurances’ bid was selected following a competitive process in which around 30 French and foreign investors participated.
CNP Assurances was advised by AEW Capital.
CNP stands for Caisse Nationale de Prévoyance and the company was formed in 1959 as a subsidiary of Caisse des dépôts et consignations, which continues to hold approximately 40% of the company.