2023-11-23 20:00:17
With the “grandpa boom”, the need for alternative housing for seniors is between 200,000 and 300,000 homes by 2050. Nohée
ANALYSIS – The developer Altarea buys Les Hespérides and doubles the size of its activity in this changing market.
It is a veteran of the senior residence sector which is changing hands. Sopregi-Sopregim, the main operator of Hespérides, is bought by Cogedim Club, a subsidiary of the real estate developer Altarea. A return to basics for Les Hespérides, created in the 1970s by Cogedim.
With the 23 Hespérides residences, Altarea doubles the size of its activity which already included 30 senior residences and establishes itself in fifth place in a market in full restructuring. A way for the group to compensate for the slowdown in new construction. “Within five to six years, we hope to have around a hundred residences,” comments Jérôme Navarre, director of Cogedim Club, which has just been renamed “Nohée”.
This will involve the construction of new residences. The current rate of openings (four to six per year) should accelerate. Altarea is also betting on acquisitions of other operators. “You need a critical size to operate a network, provide your brand with sufficient visibility and…
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