What Nafilyan & Partners does

Immobel France, formerly Nafilyan & Partners, is a Paris-headquartered residential real estate developer and wholly-owned subsidiary of Belgium-based Immobel Group. Founded in 2014, the company develops and sells new-build apartments and houses across the Île-de-France region, with active programs in at least eight departments including Paris, Seine-et-Marne, Seine-Saint-Denis, Val-d'Oise, Hauts-de-Seine, Val-de-Marne, Essonne, and Yvelines. The portfolio spans entry-level to luxury offerings, from €150,000 studios in suburban eco-districts to €1,450,000+ three-room residences in the Paris Marais, and includes mixed-use urban regeneration projects such as the Tati Barbès transformation.

The company's technology and construction stack centers on RE 2020-compliant sustainable building methods, with notable proprietary and partnered innovations including Qarnot digital boilers (heating water via computing-processor heat), BioBric prefabricated brick walls assembled off-site, Somfy domotics for smart-home features, and green-gas/biomethane integration through a partnership with GRDF and Champ d'énergie. It holds multiple industry recognitions, including the 2022 FPI France Pyramide d'Or for Industrial Innovation, and signs the GIP Qualité Globale Charter on flagship projects. Distribution combines on-site sales offices, a virtual showroom, a self-serve website with PTZ/Pinel simulators, a Parrainage referral program paying €1,000/€500, and core partnerships with MonEmprunt.com (financing) and Mobalpa (kitchens).

Revenue is generated exclusively through one-time property sales (no recurring license or rental income disclosed), with customer segments including first-time buyers using PTZ government zero-interest loans, Pinel-law investors seeking up to €63,000 in tax reductions, affluent premium-location buyers, and suburban families. The legal entity is a French SAS with €50,000,000 share capital and 101-250 employees, operating without disclosed public funding or capital raise data beyond the 2014 entry backed by Tikehau Capital.

Name

Nafilyan & Partners

Legal name

Immobel France

Website

https://immobelfrance.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

Immobel France (formerly Nafilyan & Partners) is a Paris-based residential real estate developer and subsidiary of Belgium's Immobel Group, selling new-build apartments and houses across the Île-de-France region to first-time buyers, investors, and affluent purchasers via physical sales offices, a virtual showroom, and digital channels.

Ownership category

akta.pro rank

Headquarters

HQ city

Paris

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

Revenue model

1. New Property Sales: Immobel France generates revenue through the development and sale of new residential properties (apartments and houses) in the Île-de-France region. The company sells properties at various price points from approximately 150,000€ to over 1,450,000€ depending on location, size, and amenities.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Immobel France (formerly Nafilyan & Partners) develops, markets, and sells new-build residential real estate programs (apartments and houses) across the Île-de-France region, including eco-district residences, suburban family homes, and luxury Paris conversions. Revenue is generated primarily through one-time unit sales of completed residential properties, supported by ancillary services such as mortgage brokerage, custom interior design, kitchen partnerships, and a showroom experience.

Product overview

Immobel France operates as a residential real estate developer offering new property programs in Île-de-France. The core offering consists of residential development programs (appartements and maisons) across various municipalities, targeting both primary residence buyers and investors. Key current programs include 16 Saint-Antoine (Paris luxury conversion), Fort'Immo/Fort'Izy (Aubervilliers eco-district), Bucolia (Bussy-Saint-Georges golf-side), Horizon Nature (Montévrain nature domain), Les Dryades (Avon near Fontainebleau), Essen'ciel (Othis near CDG airport), among others. Support services include mortgage brokerage via MonEmprunt.com partnership, custom interior design, Mobalpa kitchen partnership, a referral program, and an on-site showroom for personalization. The company also provides fiscal investment tools including PTZ (zero-interest loans) and Pinel tax reduction scheme calculators.

Differentiator

Problem solved

Functional benefit

Products and services

• 16 Saint-Antoine Exclusive residence in Paris's Marais district converting a former industrial parking into contemporary luxury apartments with high-end finishes, offering rare three-room units starting from 98m² at €1,450,000. Targeted at affluent buyers seeking central Paris primary residences or pied-à-terre.
• Les Dryades 47-apartment residence in Avon near the Fontainebleau forest, offering studios to 5-room apartments all with outdoor spaces, built to RE 2020 environmental standards. Winner of the 2022 Pyramide d'Or (Industrial Innovation) and Pyramides d'Argent Île-de-France Innovation Prize. Features Qarnot digital boilers, BioBric prefabricated walls, and Somfy domotics.
• Horizon Nature

Quantifiable outcome

• Tax savings up to 63,000€ through Pinel investment
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

18 partnerships are on record, tiered core and minor.

• MonEmprunt.comcoreStrategic or Co-development PartnerPartnership with online mortgage broker providing customers with expert guidance for financing their property purchases. MonEmprunt.com advisors help customers calculate borrowing capacity and find best rates for PTZ and standard mortgages.
• MobalpacoreStrategic or Co-development PartnerKitchen manufacturing partnership offering Immobel France customers customized kitchens at reduced prices with VAT offered on purchases. Part of interior design customization services for homebuyers.
• GRDFcoreTechnology or IntegrationPartnership with gas distributor GRDF to study biogas production capabilities and integrate green gas (biomethane) into residential projects like Horizon Nature. Supports environmental commitments and renewable energy goals.
• Reforest'ActioncoreOthersEnvironmental partnership for tree planting initiatives. Immobel France has planted over 6,100 trees in French forests, including 2,000 trees in Chantilly forest in 2022. Partnership contributes to biodiversity restoration and environmental impact mitigation.
• La Maison des Abeilles HeureusesminorOthersBiodiversity protection association supporting bee preservation in residential projects. Labeled 1% for the Planet France, the partnership installs beehives on building rooftops and gardens, with residents able to enjoy fresh honey produced by building bees.
• NestoreminorStrategic or Co-development PartnerPop-up store laboratory network partnering with Immobel France for temporary occupation of commercial spaces during construction at 16 Saint-Antoine project. Supports economic development and entrepreneurship in Paris.
• Agence ForestminorStrategic or Co-development PartnerTemporary urban occupation specialist partnering for pre-construction activation of buildings at Tati Barbès and Buttes-Chaumont projects. Creates cultural activities, workshops, and supports audiovisual production companies.
• Studio BELEMcoreTechnology or IntegrationArchitecture studio responsible for Tati Barbès transformation project (La Passerelle Néo Barbès). Led the design preserving majority of existing structure while creating mixed-use development with housing, offices, hotel, and cultural space.
• QarnotcoreTechnology or IntegrationTechnology provider for digital boiler systems that heat water using computing processor heat. Installed at Les Dryades project as innovative eco-friendly heating solution.
• Chêne Vert (Ludovic Roger)minorOthersIndustrial partner sponsoring bee preservation initiatives at Horizon Nature project, supporting environmental commitments and biodiversity protection.
• GIP Île-de-FrancecoreStrategic or Co-development PartnerGroupement des Industriels de la Prescription Île-de-France partnered with Immobel for Quality Charter initiatives on Les Dryades and Horizon Nature projects. Focus on construction quality, sustainability, and zero-defect delivery.
• MastrandreascoreTechnology or IntegrationArchitecture firm responsible for design of multiple Immobel France projects including Les Dryades (Avon) and Bucolia (Bussy-Saint-Georges), creating contemporary architecture that integrates with natural environments.
• Architecture StudiocoreTechnology or IntegrationArchitecture firm designed Esprit Verde project in Bessancourt with contemporary architecture integrated into a landscaped domain.
• CONTEXTE ArchitecturecoreTechnology or IntegrationArchitecture agency designed L'Aquila project in La Garenne-Colombes, creating elegant French architectural tradition-inspired facades in three-building complex.
• Maison Château RougeminorOthersPartner for Tati Barbès temporary occupation project, collaborating on cultural events and activities at the historic building.
• Les Oiseaux MigrateursminorOthersAssociation partner for Tati Barbès temporary occupation project, helping develop diverse activities and events at the site.
• Institut CurieminorOthersCancer research institute benefiting from Immobel France team participation in Course des Lumières charity events. Teams run 4km or 10km to raise funds for cancer research.
• Tout le monde contre le cancerminorOthersCancer charity supported through Immobel France gala attendance at Palais des Congrès de Paris, supporting children's hospital Christmas initiative.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Nexity: France's largest residential real estate developer, listed on Euronext Paris, with deep presence across Île-de-France including Paris, inner suburbs, and grand Paris projects. Directly comparable in core business (new residential development), customer base (first-time buyers, investors), and use of PTZ/Pinel fiscal programs.
• Ogic: French residential real estate developer with national scope including Île-de-France, focused on new housing for primary residence and investment. Comparable in scale, product mix, and customer targeting (PTZ/Pinel users, families, investors).
• Altarea Cogedim: Listed French real estate developer with strong residential (Cogedim) and mixed-use/retail (Altarea) operations, significant Île-de-France presence. Closely comparable on residential development, premium positioning, and urban regeneration projects.
• Kaufman & Broad: Major French residential developer owned by Group SMABTP, focused on new housing across Île-de-France and other French regions. Comparable in product mix (apartments and houses, primary residence and investor segments) and reliance on government fiscal programs.
• Pichet: Independent French family-owned real estate developer with significant presence in Île-de-France and other regions. Comparable in product offering (apartments, houses, serviced residences) and reliance on PTZ/Pinel fiscal incentives, with similar mid-market positioning.
• BPD Marignan: French residential developer subsidiary of Crédit Agricole Immobilier, with strong Île-de-France presence and similar mid-to-premium positioning. Directly comparable in core residential development activities and target customer segments.

Broad incumbents

• Icade: French real estate company (formerly REIT structure, now part of Caisse des Dépôts) with focus on commercial property, healthcare real estate, and some residential. Less direct overlap in residential but adjacent real estate operator in Île-de-France market.
• Eiffage Immobilier: Real estate development arm of Eiffage Group (major French construction conglomerate), developing residential and commercial projects nationally. Overlaps with subject company in Île-de-France residential new construction while operating at broader group scale.
• Bouygues Immobilier: Real estate development subsidiary of Bouygues Group, one of France's largest developers with national scope and broad product portfolio including residential, commercial, and corporate real estate. Larger scale and broader geographic reach than the subject company, but directly overlapping in Île-de-France residential.
• Vinci Immobilier: Real estate subsidiary of Vinci Group with national French footprint across residential, serviced residences, and commercial property. Larger scale and broader portfolio but directly competing for the same Île-de-France residential buyer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/immobel-france

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Nafilyan & Partners