NACARAT, a subsidiary of the centenary RABOT DUTILLEUL Group, the 13th independent construction group in France, is a generalist developer operating in housing, commercial real estate, and managed real estate sectors. Benefiting from strong positions in Hauts-de-France and Île-de-France, the company is now a national player covering the entire territory through its 8 regional agencies. In 2019, the company achieved a turnover of over 270 million euros, sold more than 22,000 square meters of office space, and marketed more than 1,300 housing units.
PROCIVIS NORD is a regional, multi-disciplinary group covering the entire field of real estate expertise through its activities as a promoter, developer, land developer, builder of individual houses, and property administrators. Its cooperative status allows it to operate in both the competitive real estate and social housing fields. The acquisition of NACARAT will allow it to strengthen its product offering and territorial presence, while providing the developer with opportunities for social innovation.
Led by ADVISO PARTNERS, the majority sale process of NACARAT's capital has generated significant interest from real estate professionals. PROCIVIS NORD's strategic project has won the favor of the shareholders of the RABOT DUTILLEUL Group, who will retain a minority stake in the developer and can thus continue to develop synergies with their historical activity, especially construction.
« It is a source of pride to bring together the respective stories of PROCIVIS NORD and RABOT DUTILLEUL, two flagship entities in our region. This acquisition strengthens us in one of our core businesses, real estate development. It also amplifies PROCIVIS NORD's corporate project through its territorial network and complementarity with our historical activities, bringing us new expertise, particularly in tertiary real estate. », - Ludovic MONTAUDON, CEO of PROCIVIS NORD.
« The sale of NACARAT to PROCIVIS NORD will provide us with the means to achieve our ambitions, namely the development of our business as a general contractor, innovative and efficient, in new construction, renovation, and the transformation of building use. This strategic direction, along with our expertise in ecodesign, energy consumption management, and well-being in buildings, positions RABOT DUTILLEUL as a key player in the current recovery plan for the construction sector. », - François DUTILLEUL, Chairman of RABOT DUTILLEUL.
« PROCIVIS NORD is a regional player deeply rooted in the Hauts-de-France territory with which we share many values, particularly in terms of economic, environmental, and societal performance. Together, we will be able to develop our respective areas of expertise across the real estate value chain and position ourselves as providers of solutions to new urban challenges. », - Thomas LIERMAN, Chairman of NACARAT.
