VINCEM

What VINCEM does

VINCEM is a French Société d'Économie Mixte Locale (SEML) — a private-law company with predominantly public capital — established on June 10, 1974 to serve the urban development needs of the city of Vincennes in Île-de-France. The Ville de Vincennes holds 70% of share capital, with BRED at 20%, SMABTP at 5%, and SMAVBTP at 5%; total share capital is €5,066,250. VINCEM operates under direct public mandate from its majority shareholder, executing urban planning, social housing construction, urban renewal of degraded housing, and the development of public facilities (daycares, post offices, cultural centers, police and employment centers) and commercial or office spaces. Its portfolio spans roughly 100 apartments and ancillary equipment, with notable deliveries including the 159-unit Villa Aubert project (76 social housing units) in 2023 and a continuing cadence of smaller social housing inaugurations through 2024 and 2025. Property management for delivered units is outsourced to specialist partners (Habitat et Humanisme, Immobilière 3F, Colisée Gestion, ARPEJ).

The company's business model is a public-sector commissioning model rather than a commercial GTM: there is no product pricing, no market sales motion, and no disclosed revenue. Projects are assigned by the Ville de Vincennes to advance the city's Plan Local d'Urbanisme (PLU) and SRU (Solidarity and Urban Renewal) law compliance. GTM is direct municipal mandate only, with one geographic market (Vincennes, France) and essentially a single anchor client. The company is led by Charlotte Libert (Présidente, also Mayor of Vincennes, since 2017) and Jean-Paul Brunetti (Directeur général délégué), supported by an operations manager and executive assistant; it is a member of the Fédération des Entreprises Publiques Locales (EPL).

Underlying technology is conventional urban development and property management with no proprietary software platform, API, or AI/ML capability. The public website (vincem.fr) is a basic HTML CMS used primarily for news, tender publication, and project showcases. There is no mobile app, no disclosed data assets, and no technology-driven product differentiation; competitive advantage derives entirely from the SEML regulatory status, 50-year institutional history, and exclusive municipal mandate.

Name

VINCEM

Legal name

VINCEM

Website

https://vincem.fr

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

1–10 employees

Short description

VINCEM is a French municipal mixed-economy company (SEML) that develops social housing, urban renewal projects, and public and commercial real estate in Vincennes under direct mandate from the city government, which owns 70% of its capital.

Ownership category

akta.pro rank

Product category

Municipal Urban Development and Social Housing

NAICS

Commercial and Institutional Building Construction (236220)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro industry

PRIMARYIMAFACAB

Retail & Mixed-Use Commercial Construction

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Commercial & Institutional Building Construction

Keywords

• Social housing development
• Urban renewal services
• Municipal real estate
• Property rehabilitation
• Public facility construction

Headquarters

HQ city

Vincennes

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain

Revenue model

1. Social housing development and management: VINCEM generates revenue through development and management of social housing, commercial spaces, and public facilities for the city of Vincennes. The company participates in urban renovation, restoration of degraded housing, and construction of residential and commercial buildings.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

VINCEM is a municipal mixed-economy company (Société d'Économie Mixte Locale) that develops social housing, renovates degraded urban properties, constructs commercial spaces, and builds public facilities (crèches, post offices, cultural centers, police stations, employment centers) for the City of Vincennes, France. The company operates under public mandate and partners with housing managers such as Habitat et Humanisme, Immobilière 3F, Colisée Gestion, and ARPEJ for property administration.

Product overview

VINCEM operates as a single, unified urban development service rather than a modular product platform. The company's offering centers on social housing construction and urban renewal projects, with related services including commercial space development, public facilities management, and office space creation. All operations are conducted through strategic partnerships with property management companies for housing administration. The portfolio includes projects ranging from social housing units (Villa Aubert: 159 units including 76 social housing), commercial premises, and public infrastructure, unified under the mission of urban development and renewal in Vincennes.

Differentiator

Problem solved

Functional benefit

Products and services

• Social Housing Development Construction and delivery of social housing units to increase the social rental housing stock in Vincennes, serving as the primary mission of the company. Targets low and moderate-income households seeking affordable housing.
• Urban Renewal Projects Renovation and rehabilitation of degraded housing and buildings, including facade renovation, insulation improvements, and demolition-reconstruction of substandard properties. Commissioned by the City of Vincennes under municipal mandate.
• Commercial Space Development Development and delivery of commercial premises, retail spaces, and restaurants at ground-floor level in new construction projects, supporting local commerce and economic activity in Vincennes.
• Public Facilities Management Development and management of public equipment including crèches (daycares), post offices, cultural centers, police stations, and employment centers commissioned by the City of Vincennes.
• Office Space Development Construction of office spaces and professional premises for economic activity development within Vincennes urban development projects.

Quantifiable outcome

• 159 social housing units delivered in Villa Aubert project
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Fédération des Entreprises Publiques Locales (EPL)coreOthersVINCEM is a member of the Federation of Local Public Companies (EPL), which groups 1,200 companies in France. This membership provides networking, best practices sharing, and industry representation for municipal development companies.
• Habitat et HumanismeminorImplementation/ SI/ Consulting PartnerHousing management partner responsible for managing social housing units developed by VINCEM
• Immobilière 3FminorImplementation/ SI/ Consulting PartnerHousing management partner managing social housing stock in VINCEM properties
• Colisée GestionminorImplementation/ SI/ Consulting PartnerHousing management partner for VINCEM residential properties
• ARPEJminorImplementation/ SI/ Consulting PartnerHousing management partner for VINCEM residential portfolio

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Eiffage Immobilier: Eiffage Immobilier is the real estate development arm of the Eiffage group, active in residential and mixed-use urban projects in France. Comparable to VINCEM in scope (urban residential + commercial development) but at national private-sector scale.
• Nexity: Nexity is France's largest private real estate developer, with significant exposure to residential, commercial, and mixed-use urban development including social housing. It is a broad incumbent comparable to VINCEM in product scope but operating nationally and at much greater scale.
• CDC Habitat: CDC Habitat is France's largest social housing operator and developer, owned by Caisse des Dépôts. It operates at national scale across social and affordable housing, making it a broad incumbent counterpart to VINCEM's municipal-level social housing and urban renewal activity.
• Icade: Icade is a French real estate developer and landlord with portfolios in commercial property and residential (including social housing). Comparable to VINCEM in the residential/social housing development and property management space, but operating as a publicly listed national player.
• Vinci Immobilier: Vinci Immobilier is the real estate development arm of the Vinci group, active in residential and mixed-use urban projects across France. It is comparable to VINCEM's mixed-use urban development work, though as a private-sector national developer rather than a municipal SEML.
• Action Logement: Action Logement is a major French social housing and workforce housing entity financing and operating affordable housing nationwide. It is comparable as a broad incumbent in social housing development and management, far larger than VINCEM's municipal footprint.
• Bouygues Immobilier: Bouygues Immobilier is a major French residential and mixed-use real estate developer with urban regeneration experience. Comparable to VINCEM's commercial and residential urban development activity, though operating nationally as part of the Bouygues group.

Direct peers

• Immobilière 3F: Immobilière 3F is one of France's leading social housing landlords and a listed VINCEM property management partner. It is directly comparable as a developer/manager of social rental housing, though operating at a national scale versus VINCEM's municipal scope.
• Habitat et Humanisme: Habitat et Humanisme is a French social housing non-profit and a listed VINCEM property management partner. It is directly comparable as a social housing operator working on affordable and social rental stock, with overlapping tenant profiles and mission.

Others

• Fédération des Entreprises Publiques Locales (EPL): The Fédération des EPL is the industry association of 1,200 French local public companies (SEML/SEM/SPLA) of which VINCEM is a member. Comparable as an ecosystem participant, representing the peer set of municipal SEMLs operating across France in urban development and social housing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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 VINCEM