Eiffage SA: / The Arcade-VYV consortium signs a concession with the Ministry of the Armed Forces to manage its real estate portfolio in France

Vélizy-Villacoublay, February 14, 2022 6:00 p.m.

Press release

The Eiffage / Arcade-VYV consortium signs a concession with the

The French Ministry of the Armed Forces will manage its housing stock in France

In 2019, after having defined its Family Plan centered on the daily life of military families, the Ministry of the Armed Forces launched a consultation to select a single partner responsible for enhancing its real estate assets and using housing to improve quality of life. for its nationals, through a program called “Ambition Housing” (“Housing ambition”).

Eiffage and Arcade-VYV, which have combined their skills and know-how within the dedicated 50/50 joint venture Nové, have won the first concession contract for the delegated management of state-owned real estate in France, across the entire territory for a term of 35 years. The signing of the contract took place on Monday February 14 at the Ministry of the Armed Forces in Paris, for a total amount of more than 7 billion euros.

Funding for the program will come in part from Nové’s own funds and from a loan of 1.3 billion euros, taken out by Nové, with the European Investment Bank (474 ​​million euros), the fund EPFP military pension (100 million euros) and a pool of 10 commercial banks: Auxifip, BBVA, BNP Paribas, Caisse d’Epargne et de Prévoyance IDF, CaixaBank, Crédit Agricole CIB, LB Saar, NordDeutsche LB, KfW IPEX-Bank and Societe Generale.

Nové’s mission will be to improve the energy performance of the housing stock with the renovation of nearly 8,000 homes, and to expand it, with the construction of around 3,000 new homes on 55 sites. These projects will be carried out during the first years of the contract.

Nearly 4,000 additional homes currently managed by other providers under long-term administrative leases will be gradually introduced into the housing stock over the course of the contract and also duly renovated.

Nové will also manage the upkeep and maintenance of the entire housing stock, as well as the modernization and improvement of the quality of the rental management service. It will offer a digital customer experience and dedicated service packages to improve the daily lives of resident families.

The regional subsidiaries of Arcade-VYV and Eiffage Construction, which form a global network throughout mainland France, will develop their expertise within Nové Gestion and Nové Construction; these two companies will respectively provide leasing and asset management services, and design-build services for the initial construction works.

The French Ministry of the Armed Forces expects a high level of environmental ambition throughout the concession period, at the end of which Nové plans to create a carbon and climate arbitration fund dedicated to the project. It will help fund innovative solutions to improve environmental performance for the benefit of military members and their families.

After a handover period with the incumbent management provider, full management will begin in early 2023. Design studies for the first construction projects should start quickly and preparatory work on several sites should start this year.

About Eiffage

Eiffage is one of the European leaders in construction and concessions. The Group’s activities are organized around the following businesses: construction, real estate and urban development, civil engineering, metallurgy, roads, energy and concessions. Thanks to the experience of more than 72,000 employees, Eiffage achieved a turnover of 16.3 billion euros in 2020, of which 26.5% internationally.

Investor contacts

Press contacts

Xavier Ombredanne

Benedict Dao

Tel: +33 1 71 59 10 56

Tel: +33 1 71 59 22 28

[email protected]

[email protected]

About Arcade-VYV

Born from the merger of the VYV group, the leading health and social protection mutual in France, with the Arcade group, its fourth social landlord, Arcade-VYV is a general housing group with two divisions: one social and one private. Through 35 companies located in the region, it builds an average of 5,500 homes each year and manages more than 200,000. The Arcade-VYV group covers all aspects of real estate, building and managing a full range of houses and residences with services in all housing sectors.

Press contacts

Valentin Vilarem

Tel: +33 7 88 40 76 22 [email protected]


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