Novaxia
Novaxia is a French private real estate group founded in 2006 that pioneers urban recycling — converting obsolete commercial buildings into residential and mixed-use developments — through an AMF-regulated asset manager (Novaxia Investissement) and a development subsidiary (Novaxia Développement), managing nearly €2 billion in AUM for retail and institutional investors.
- Company typePrivate
- Founded2006
- HeadquartersParis, France
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Novaxia does
Novaxia is a French private real estate investment and development group founded in 2006, headquartered in Paris, and recognized as the pioneer of "urban recycling" in France — the conversion of obsolete tertiary real estate (offices, logistics hubs, hotels) into residential, student housing, managed living, and mixed-use developments. The group operates through two complementary subsidiaries: Novaxia Investissement, an AMF-regulated asset management company (license obtained in 2014) that raises capital via SCPI (Novaxia NEO), solidarity funds (Novaxia R with €734M cumulative collection, Novaxia VISTA for life sciences), Novaxia ONE (150-0B-TER eligible), and PER/life insurance wrappers; and Novaxia Développement, a maître d'ouvrage délégué that executes the conversion pipeline. As of June 30, 2025, assets under management reached nearly €2 billion across 129 properties, with 50+ urban recycling projects delivered. The group holds enterprise à mission status (the first in French real estate), double ISR and Finansol/FAIR-Finansol certifications, and operates across Île-de-France, Auvergne-Rhône-Alpes, Nouvelle-Aquitaine, Occitanie, and Provence-Alpes-Côte d'Azur.
Revenue is generated through two primary streams: recurring management fees on AUM via Novaxia Investissement's SCPI and fund products, and development revenue from co-promoted urban recycling projects via Novaxia Développement. Distribution is anchored by a French financial advisor and wealth management network (with Novaxia R distributed by 9 life insurance providers) and co-promotion partnerships with Tier 1 developers including Icade, Nexity, Cogedim, Emerige, BNP Paribas Real Estate, Crédit Agricole Immobilier, and UXCO Group, plus financial partners such as EQT Real Estate. The group added a digital distribution channel in March 2024 through the acquisition of Masteos, a proptech for turnkey rental investment, and is led by founder Joachim Azan with a structured Directoire and Supervisory Board governance at the regulated subsidiary level.
Novaxia firmographics
Firmographics- Name
- Novaxia
- Legal name
- Novaxia Investissement
- Website
- https://novaxia.fr
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Novaxia is a French private real estate group founded in 2006 that pioneers urban recycling — converting obsolete commercial buildings into residential and mixed-use developments — through an AMF-regulated asset manager (Novaxia Investissement) and a development subsidiary (Novaxia Développement), managing nearly €2 billion in AUM for retail and institutional investors.
- Ownership category
- akta.pro rank
Novaxia industry classification
Industry- Product category
- Real Estate Asset Management
- NAICS
- Other Financial Investment Activities (5239)
- SIC
- Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL)
Keywords
Where Novaxia is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices2 records
Markets served
Novaxia business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Asset Management Fees (SCPI & Fund Management): Novaxia Gestion, the AMF-approved asset management subsidiary, collects capital from investors through SCPI (Société Civile de Placement Immobilier) products and other regulated fund vehicles. Management fees are charged on assets under management, generating recurring revenue. This is the primary collection and distribution arm for investor capital.
- Real Estate Development Revenue: Novaxia Développement generates revenue through the development and sale of residential and mixed-use units created via urban recycling projects. Revenue is realized upon project completion and unit sales. Co-promotion agreements with partners share both development risk and revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | SCPI Investment Products — minimum subscription amounts apply |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Novaxia product offering
Product offeringCore offering
Novaxia operates an integrated real estate investment and development platform focused on urban recycling — transforming obsolete commercial properties (offices, logistics centers, hotels) into residential, student housing, senior living, and mixed-use developments. Through its AMF-regulated subsidiary Novaxia Investissement, the group raises capital from individual and institutional investors via SCPI, unit-linked insurance products, PER, and 150-0B-TER eligible funds, while Novaxia Développement executes the conversion projects through co-promotion partnerships with established French developers.
Product overview
Novaxia operates as a real estate investment and development group with two core subsidiaries: Novaxia Investissement (AMF-authorized asset manager raising funds from retail and institutional investors) and Novaxia Développement (master builder executing urban recycling projects). The product portfolio centers on urban recycling real estate funds including: Novaxia NEO (SCPI), Novaxia R (unit-linked solidarity fund for life insurance/PER), Novaxia ONE (150-0B-TER eligible fund), and Novaxia VISTA (life sciences/future technologies fund). Novaxia R and VISTA carry ISR and Finansol labels respectively. The group acquired Masteos (proptech for turnkey rental investment) in 2024. All products focus on transforming obsolete tertiary buildings into residential and mixed-use developments without artificializing new land.
Differentiator
Problem solved
Functional benefit
Brands
- Novaxia ONE: Real estate investment fund specialized in urban recycling
- Novaxia NEO
- Novaxia R
- Novaxia VISTA
- Masteos by Novaxia
- Novaxia Solid'R
- Intensi'Score
Products and services
- Novaxia Investissement AMF-authorized asset management company (Novaxia Investissement SAS) that raises capital from individual and institutional investors for urban recycling real estate projects. Offers SCPI, unit-linked insurance products, PER, and 150-0B-TER eligible funds. Targets retail and HNW investors as well as institutional investors.
- Novaxia Développement
Quantifiable outcome
- c. €2 billion in assets under management; 129 properties in portfolio; 50+ projects completed
Companies that use Novaxia
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Novaxia technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Novaxia partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered acquisition, core and minor.
- MasteosacquisitionNovaxia acquired Masteos, expanding its capabilities and portfolio in the urban recycling space. This acquisition reinforces Novaxia's market position as a consolidator in the French real estate development sector.
- IcadecoreIcade serves as a co-promotion partner on multiple urban recycling development projects. Icade brings its scale as a major French real estate developer and its access to institutional capital and prime development sites.
- NexitycoreNexity, one of France's largest real estate developers, co-promotes urban recycling projects with Novaxia, combining Novaxia's recycling expertise with Nexity's scale and national distribution network.
- CogedimcoreCogedim partners with Novaxia on the Boréales project, co-promoting residential development units. Cogedim is a premium brand within the Altarea-Cogedim group.
- EmerigecoreEmerige, a leading French real estate developer, co-promotes urban recycling projects with Novaxia, leveraging Emerige's established relationships with local authorities and institutional investors.
- BNP Paribas Real EstatecoreBNP Paribas Real Estate partners with Novaxia on the Mosaïc project, providing property management and transactional services alongside Novaxia's development expertise.
- Crédit Agricole ImmobiliercoreCrédit Agricole Immobilier co-promotes the CASH Nanterre project with Novaxia, bringing the financial strength and real estate capabilities of France's largest banking group to the urban recycling development.
- CoopimmominorCoopimmo co-promotes the CASH Nanterre project alongside Novaxia and Crédit Agricole Immobilier, contributing cooperative real estate development expertise.
- PriamscorePriams is a co-promotion partner for the Ecrin project, contributing local market knowledge and investor access in the project's region.
- InterconstructioncoreInterconstruction co-promotes the Cristal Clichy project with Novaxia, bringing construction management and local regulatory expertise for the conversion project.
- OcéaniscoreOcéanis is a co-promotion partner for the Toulouse urban recycling project, providing regional development expertise in the Toulouse metropolitan area.
- ID&AL GroupecoreID&AL Groupe co-promotes the Bordeaux urban recycling project with Novaxia, contributing local market expertise and development capabilities in the Bordeaux region.
- Tours & Arcades — APPRcoreTours & Arcades (APPR — Association pour la Promotion de la Performance et de la Recherche) partners with Novaxia on the La Rochelle urban recycling project, bringing academic and performance measurement expertise.
- UXCO GroupcoreUXCO Group co-promotes student residence urban recycling projects with Novaxia, combining UXCO's student housing operational expertise with Novaxia's property acquisition and development capabilities.
- Babel CommunityminorBabel Community operates as an operator partner for urban recycling projects, contributing coliving and flexible housing operational management to Novaxia's developments.
- Wilmottsse & AssociésminorWilmottsse & Associés serves as an architect partner on Novaxia's urban recycling projects, providing architectural design services for building conversions.
- IKA ArchitectesminorIKA Architectes is an architect partner contributing to Novaxia's urban recycling projects, providing specialized architectural expertise for commercial-to-residential conversions.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Novaxia competitors and assessment
Company assessmentBroad incumbents
- Altarea-Cogedim: Leading French real estate developer and parent of Cogedim (a Novaxia co-promotion partner on the Boréales project). Comparable in French urban residential development and mixed-use projects, though much larger and broader than Novaxia's recycling-focused model.
- Primonial REIM: One of France's largest real estate asset managers, offering SCPI, OPCI, and institutional mandates. Larger and more diversified than Novaxia, but operates in overlapping product categories and competes for the same wealth advisor distribution and institutional capital.
- Icade: Major French real estate developer (CDC subsidiary) and a co-promotion partner of Novaxia. Comparable as a French RE player operating across development and investment, though much larger and more diversified than Novaxia across office, healthcare, and residential.
- La Française Real Estate Managers: Major French RE asset manager within La Française Group, managing SCPI, OPCI, and institutional mandates. Comparable business model and product mix to Novaxia but at significantly greater scale and broader geographic reach.
- Amundi Real Estate: Major European real estate asset manager (Amundi / Crédit Agricole) offering institutional and retail RE products. Overlaps with Novaxia in SCPI-adjacent retail products and institutional mandates, but at vastly greater scale and geographic reach.
Direct peers
- Paref Gestion: Paris-based SCPI and real estate asset manager with a long heritage in French listed real estate. Comparable to Novaxia as a focused French SCPI specialist serving retail and institutional clients through advisor networks.
- Perial Asset Management: French independent SCPI and RE asset manager with a strong ESG orientation. Directly comparable to Novaxia in fund vehicle structure (SCPI), ESG positioning, and mid-sized AUM scale, competing for the same retail and HNW investor base through financial advisor distribution.
- Sofidy: French SCPI and real estate asset manager, subsidiary of Tikehau Capital. Operates a comparable product suite (SCPI, OPCI, club deals) and similar distribution model via financial advisors. Directly competes with Novaxia NEO and other Novaxia vehicles in the retail SCPI segment.
- Corum Asset Management: Specialist French (and European) SCPI manager known for innovation in fund design. Directly comparable to Novaxia as a focused SCPI manager with strong branding and advisor distribution, though Corum operates across multiple European countries.
- Unofi Gestion d'Actifs: French asset manager with SCPI and diversified fund offerings serving individual investors via wealth advisors. Comparable mid-sized competitor in the French SCPI market, targeting a similar retail/HNW segment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Novaxia social profiles
Digital presenceNovaxia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Novaxia leadership team
Management profileNumber of profiles
Profiles9 records
Novaxia subsidiaries and ownership
Company hierarchySubsidiaries4 records
Novaxia funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Novaxia M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Novaxia
What does Novaxia do?
Novaxia operates an integrated real estate investment and development platform focused on urban recycling — transforming obsolete commercial properties (offices, logistics centers, hotels) into residential, student housing, senior living, and mixed-use developments. Through its AMF-regulated subsidiary Novaxia Investissement, the group raises capital from individual and institutional investors via SCPI, unit-linked insurance products, PER, and 150-0B-TER eligible funds, while Novaxia Développement executes the conversion projects through co-promotion partnerships with established French developers.
Is Novaxia a public or private company?
Novaxia is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Novaxia founded?
Novaxia was founded in 2006. It employs 101 to 250 people.
Where is Novaxia based?
Novaxia is headquartered in Paris, France, in the Europe region.
How does Novaxia make money?
Two revenue lines are on record. Asset Management Fees (SCPI & Fund Management) is the primary driver. The others are real Estate Development Revenue.
Who are Novaxia's main competitors?
Broad incumbents on record are Altarea-Cogedim, Primonial REIM, Icade, La Française Real Estate Managers and Amundi Real Estate. Direct peers are Paref Gestion, Perial Asset Management, Sofidy, Corum Asset Management and Unofi Gestion d'Actifs.
Does Novaxia have an API?
No public API is recorded for Novaxia.
What industry is Novaxia in?
Novaxia's product category is Real Estate Asset Management. Its primary akta.pro industry code is FSAAAGAL, Institutional Separate Accounts & SMAs (Mandates). Its NAICS code is 5239 and its SIC code is 6799.