At end-2024, Ovelia operated a total of 39 retirement homes, accommodating 2,701 people. It opened eight new residences throughout the year in Fouesnant and Saint-Saulve in northern France, Angers, Saint-Étienne and Troyes in central France, Fréjus in southern France, and Épinay-sur-Orge and Ermont near Paris.
Student Factory had 17 student residences in operation at the end of 2024, four of which had opened during the year. With a rental occupancy rate of 96%, they housed 2,484 students overall. VINCI Immobilier opened its first Bikube co-living residence in Lyon (146 units), while a further two, in Montpellier (Hérault) and Suresnes (Hauts-de-Seine), are currently under construction and scheduled to open in 2025 and 2026, respectively.
In Monaco, the T2 bis tower (197 state-owned units) was handed over on the large-scale Testimonio II development programme. The Bay House residence (56 high-end apartments and five luxury villas), part of the same programme, was inaugurated in 2024.
In Poland, where the market is trending up, reservations increased by 30% to 271 units. The most significant operations included the Aleja Krakowska II building (208 units) and the Srebrna building (97 units) in Warsaw.
In a market destined to undergo considerable change, VINCI Immobilier will continue taking measures to cut costs and to roll out its strategic plan centred on innovation, product repositioning and sustainable development. In an effort to support its clients and stakeholders in their local markets, VINCI Immobilier aims to strengthen acceptance of its projects by addressing the economic, environmental and social challenges that lie at the heart of its business.
Beyond the downturn currently affecting the market in France, the medium and long term outlook indicates business will be buoyed by the structural need for homes in the residential segment and the essential transformation of existing buildings in the business segment to accommodate changing uses and meet stricter environmental requirements. Over the longer term, VINCI Immobilier’s responsible approach and expertise in urban recycling will underpin future business.
