Kaufman & Broad

What Kaufman & Broad does

Kaufman & Broad SA is a publicly listed French residential real estate developer (Euronext Paris: KOF) founded in 1968 and headquartered in Courbevoie. The company designs, builds, and markets new-build apartments, houses, parking spaces, and select commercial premises across more than 80 cities in 11+ French regions, operating end-to-end through the VEFA (off-plan) process — from land sourcing ("Je vends mon terrain") and co-promotion partnerships, through reservation, notarized sales, buyer customization (TMA), construction tracking via a dedicated client portal (mon-espace.kaufmanbroad.fr), to key handover and post-sale guarantees (décennale, parfait achèvement, biennale, dommages-ouvrage). All new residences comply with the French RE 2020 environmental standard and incorporate domotics. Underlying technology is a real-estate platform built on Microsoft Azure cloud infrastructure, with Cloudinary for image delivery and Contentful as a headless CMS, supporting a self-serve property search, configurator, and investor portal (kbpatrimoine.com).

The business model centers on one-time unit sales of new-build residential real estate to two primary customer segments: owner-occupier buyers (including first-time buyers eligible for PTZ and reduced 5.5% TVA in ANRU/QPV zones) and individual/institutional real-estate investors acquiring LMNP, LMNP Géré (managed furnished rental in student/senior/tourism residences), Nue-Propriété, Patrimonial, or Dispositif Jeanbrun products. Pricing is per-lot, publicly disclosed on regional/city landing pages, and supplemented by an in-house mortgage brokerage (courtier en prêt immobilier) and rental management services. Distribution is omnichannel: the kaufmanbroad.fr direct-to-consumer site, a national phone advisory line, physical showrooms for interior design choices, partner/reseller channels via KB Patrimoine, and a referral program. FY2025 reported revenue of €1,136 million (+5% YoY), operating income of €91 million, 5,703 housing orders (+2.9%), a €2.4 billion backlog, and 32,000 units of land reserves — outpacing a French market whose volumes have halved over four years. The 2026 outlook calls for stable turnover with operating margin around 8%, supported by France's 2026 Budget Bill targeting 400,000 new homes per year.

Name

Kaufman & Broad

Legal name

Kaufman & Broad SA, Société Anonyme à conseil d'administration

Website

https://kaufmanbroad.fr

Company type

Public

Founded year

1968

Operating status

Operating

Headcount range

251–500 employees

Short description

Kaufman & Broad is a publicly listed French residential real estate developer (founded 1968, Euronext: KOF) selling new-build apartments and houses off-plan (VEFA) across 80+ French cities to individual owner-occupiers and investors, with FY2025 revenue of €1,136 million.

Ownership category

akta.pro rank

Headquarters

HQ city

Neuilly-sur-seine

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Off-plan residential unit sales (VEFA): Primary revenue: one-time sale of newly built apartments, houses, parking spaces and commercial units to individual buyers and investors through VEFA (off-plan) contracts, with phased payments tied to construction milestones. Geographic mix concentrated in France across 80+ cities.
2. LMNP Géré (managed rental investment product): Structured managed-rental investment offering where the buyer purchases the housing unit and a professional operator (via commercial lease) handles rental management in student/senior/tourism residences. Pricing for LMNP Géré lots is shown excluding tax (e.g., '€105,380 HT').
3. Land sourcing / property resale brokerage: Acquires building land ('Je vends mon terrain' flow) from individual owners, plus engages in co-promotion (co-development) agreements with partners, evidenced by transmission of buyer data to partners for joint co-promotion projects.
4. Commercial / non-residential real-estate development: Includes large mixed-use and commercial projects such as the Austerlitz commercial project in Paris, contributing non-residential revenue to overall turnover.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels7 records

Core offering

Kaufman & Broad designs, builds and markets new-build residential real estate (apartments, houses, parking spaces) and commercial units across more than 80 French cities, selling them primarily off-plan through the VEFA (Vente en État Futur d'Achèvement) sales process with phased milestone payments and optional buyer customization (TMA). The company also distributes investment-oriented inventory (LMNP, LMNP Géré, Nue-Propriété, Patrimonial, Dispositif Jeanbrun) through a dedicated partner portal and offers an in-house mortgage brokerage and rental management service.

Differentiator

Problem solved

Functional benefit

Products and services

• Promoteur Immobilier Neuf (Kaufman & Broad new-build housing) End-to-end new-build residential real estate development offering: design, construction, marketing and sale of new-build apartments, houses, parking spaces and commercial units across 80+ French cities, including RE 2020-compliant construction, personalization (TMA), warranties and post-delivery service.
• Appartements neufs (new-build apartments) Range of new-build apartments from studios to 5-room units, sold primarily off-plan (VEFA), with optional personalization (TMA), private outdoor space (balcony/loggia/terrace), parking and compliance with the RE 2020 environmental regulation.
• Maisons neuves (new-build single-family houses) Individual new-build houses with generous volumes, private gardens, and either a garage or up to two parking spaces per home, designed with proximity to schools, shops and public transport, built to RE 2020 standards.
• Parkings (parking spaces) Standalone parking units sold within new-build residence programs across France.
• Commerces (commercial premises) Commercial units marketed alongside residential programs within mixed real-estate developments, including large projects such as the Austerlitz commercial project in Paris.
• LMNP Géré (managed rental investment product) Structured managed-rental investment offering where the buyer purchases a new-build housing unit and a professional operator (via commercial lease) handles rental management in student, senior or tourism residences; units are priced hors taxe (HT) to reflect the LMNP tax regime with TVA recovery.
• Kaufman & Broad Mon Espace Client (buyer portal) Online post-sale customer portal for VEFA buyers to track construction progress, manage appointments (visite après-cloisons, pré-livraison) and access customer service after signing the reservation contract.
• Courtier en prêt immobilier (in-house mortgage brokerage) In-house brokerage service that helps buyers secure optimal mortgage terms as part of the VEFA purchase journey, accessible via the website and integrated with the broader new-home acquisition process.
• VEFA (Vente en État Futur d'Achèvement) sales process Standardized off-plan property purchase process: buyers reserve a unit, sign a notarized deed, pay progressively as construction advances, personalize finishes via TMA in dedicated showrooms, and benefit from comprehensive construction warranties (décennale, parfait achèvement, biennale, dommages-ouvrage).

Quantifiable outcome

• FY2025 revenue grew 5% YoY to €1,136 million while broader French housing market declined 5-10%.
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability4 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Microsoft Azure (Microsoft Ireland Operations Limited)coreTechnology or IntegrationMicrosoft Azure hosts the Kaufman & Broad website (kaufmanbroad.fr). Microsoft's Dublin data-center entity (One Microsoft Place, South County Business Park, Leopardstown, Dublin 18, D18 P521) is disclosed as hébergeur in the legal notices. Azure serves as the core cloud infrastructure for the company's digital customer-facing systems.
• MEDIMMOCONSO (Association Médimmoconso)minorOthersKaufman & Broad is affiliated with MEDIMMOCONSO (3 avenue Adrien Moisant, 78400 Chatou; medimmoconso.fr) as its consumer-mediation body, in compliance with the French Consumer Code. Consumers in dispute with K&B can refer the matter to MEDIMMOCONSO via postal mail or its website. This is a regulatory/compliance affiliation rather than a commercial partnership.
• Ipedis (RGAA accessibility auditor)minorImplementation/ SI/ Consulting PartnerIpedis is engaged to conduct an accessibility audit of kaufmanbroad.fr against the RGAA 4.1 standard as part of K&B's multi-year accessibility plan and the legal disclosure required under article 47 of French law 2005-102.
• KB Patrimoine (Espace Partenaires / kbpatrimoine.com)coreChannel Partner/ Reseller/ DistributorKB Patrimoine is Kaufman & Broad's dedicated partner portal for patrimoine and investment-property distribution. It enables external partners, advisors and resellers to access K&B's investor inventory (LMNP, LMNP Géré, Nue-Propriété, Patrimonial, Dispositif Jeanbrun) and refer buyers.
• ARTIMUS PARTICIPATIONS (fraud-impostor entity; cited for compliance/awareness)minorOthersARTIMUS PARTICIPATIONS is publicly named on K&B's legal-notice page as a third party fraudulently using the Kaufman & Broad brand, the names of its employees, and references to its real operations (notably Paris Austerlitz) to scam consumers — primarily by offering parking and student-residence investments abroad. K&B explicitly disclaims any relationship and uses this disclosure as part of its fraud-alert communications. Not a commercial partner.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bouygues Immobilier: Major French residential and commercial developer (subsidiary of Bouygues). Comparable in VEFA off-plan model, multi-regional French presence and partnerships with institutional investors for managed residences.
• Nexity: France's largest residential real estate developer (promoteur immobilier), offering new-build apartments, houses, student/senior managed residences and LMNP products. Directly comparable in product mix, VEFA-led sales process and national French footprint.
• Quartus: French residential developer focused on new-build housing across major regional metros. Comparable in mid-sized program pipeline, VEFA-led GTM and investment-property offerings.
• Eiffage Immobilier: Real estate development subsidiary of Eiffage Group; builds new-build housing and mixed-use programs in French regional markets, directly overlapping with K&B's mid-size regional programs.
• Vinci Immobilier: Residential property arm of VINCI group, developing new-build housing across France including managed residences. Closely comparable on product mix and scale of national footprint.
• Linkcity (Bouygues): Urban-development arm of Bouygues; develops large mixed-use and residential projects in France, comparable to K&B's co-promotion and mixed-use commercial projects.
• Altarea Cogedim: Listed French developer (Altarea SCA) with a leading Cogedim residential brand. Direct competitor in new-build apartments, managed-rental residences and mixed-use projects across major French metros.

Broad incumbents

• Icade: Listed French real estate company (Caisse des Dépôts affiliate) active in residential, commercial and healthcare property. Comparable in large-scale French development and mixed-use projects such as K&B's Austerlitz commercial program.
• BNP Paribas Real Estate: Real estate arm of BNP Paribas active in residential development, advisory and investment management across France. Comparable in serving investor demand for new-build assets and in advising on large French transactions.

Emerging players

• Primonial REIM: French asset manager investing in residential, student and senior managed residences via SCPI/OPCI vehicles. Adjacent player sourcing many of the same LMNP/LMNP Géré assets that K&B develops.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/kaufmanetbroad
• YouTubeyoutube.com/user/kaufmanetbroad
• Facebookfacebook.com/kaufmanetbroad
• LinkedInfr.linkedin.com/company/kaufman-and-broad
• Instagraminstagram.com/kaufman_et_broad

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kaufman & Broad