CDC Habitat is mobilising to promote housing in La Réunion Island

On 1 July, CDC Habitat announced the purchase of 2,522 housing units on La Réunion Island, spread over 19 residences, in addition to 47 shops at the foot of the buildings. CDC Habitat will spend more than €80mn over 5 years on the renewal and maintenance of these homes, confirming its commitment to the ultramarine territory.

 

Property & housing
05July2019

Vue du nouvel hôtel de ville de Saint-Denis de la Réunion depuis le quartier de Petite-Île 0
The CDC Habitat offer accepted by the liquidators includes the overall repurchase, renovation and management of Apavou’s rental property stock. The final cost of the repurchase amounts to €148mn, with an additional budget of €80mn to renovate the housing units. CDC Habitat is also committed to putting each housing unit currently empty for renovation reasons back on the rental market at a price suited to each area.

 

This approach is of general interest: 16 of these 19 residences are in or at the entrance of Urban Affairs priority districts: the real and speedy improvement of their inhabitants’ living environment is a social and human necessity. They are our priority.

Philippe Pourcel, directeur général adjoint du Groupe CDC Habitat en charge des Sidom*

 

*Overseas real-estate companies

 

During a press conference on 27 June, André Yché, Chair of the CDC Habitat board, provided details on the strategy which should allow CDC Habitat to build close to 50,000 social housing units, 60,000 intermediate housing units, 30,000 housing units overseas and 40,000 first-level social housing units by 2029.

 

Barely five years after the status of intermediate housing was defined, a study carried out by Apur for CDC Habitat shows that, in Ile-de-France, intermediate housing facilitates the middle class’s access to housing, restores their buying power and promotes social diversity.

  

 

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