Citevo
Citévo is a French private real estate company that buys houses with large gardens or multi-unit properties, performs land subdivision, and resells the divided lots through partner real estate agents. Founded in 2012, it operates 13 agencies across France serving property sellers, real estate agents, and municipalities.
- Company typePrivate
- Founded2012
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Citevo does
Citévo is a French private real estate company founded in 2012 and headquartered in Paris, operating across 13 regional agencies nationwide. The company specializes in micro land subdivision (division foncière) — acquiring houses with large gardens or multi-unit properties on a single plot, legally subdividing them through prior declarations or subdivision permits, and reselling the resulting lots through partner real estate agents and notaries. It also operates in real estate promotion (promotion immobilière), developing collective housing projects in dense urban areas, including the Le Passage Saint-Mandé project in Paris 12th and the Les Terrasses de Piquessary development in Boucau (Basque Country), the latter in copromotion with GreenCity Immobilier.
Citévo generates revenue primarily from the margin between acquisition and resale prices on subdivided properties, supplemented by energy renovation services for F and G-rated thermal sieve properties. The business model rests on three operational pillars: direct property sourcing, an internal Pôle Montage team of project coordinators managing stakeholder orchestration across agents, municipalities, surveyors, notaries, and constructors, and a partner distribution network including iad, Capifrance, Optimhome, Arthurimmo, Human Immobilier, Efficity, and Era Immobilier. The company has cumulatively completed over 600 operations representing approximately 2,500 individual transactions, with disclosed annual revenue of €34 million and €16 million paid to partner agents in commissions.
The company serves three primary customer segments: individual property owners (particularly those aged 65+ or owners of energy-inefficient properties), real estate agents and mandataires seeking multiplied mandates, and municipalities pursuing ZAN-compliant densification. Its leadership includes co-founders Edwin Carpentier and Nicolas von Nagel, Managing Director Olivier Julien, and divisional heads Jeanne Rousseau (Montage), Gautier Gassmann (Promotion), and Abbakhar Traoré (Projects/Works). All operations are conducted in partnership with French municipal teams, leveraging 15 years of urban planning expertise.
Citevo firmographics
Firmographics- Name
- Citevo
- Legal name
- Citévo
- Website
- https://citevo.fr
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Citévo is a French private real estate company that buys houses with large gardens or multi-unit properties, performs land subdivision, and resells the divided lots through partner real estate agents. Founded in 2012, it operates 13 agencies across France serving property sellers, real estate agents, and municipalities.
- Ownership category
- akta.pro rank
Citevo industry classification
Industry- Product category
- Real Estate Land Subdivision Services
- NAICS
- Land Subdivision (23721), New Housing For-Sale Builders (236117), Residential Remodelers (236118)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), General Bldg Contractors - Residential Bldgs (1520)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
- akta.pro secondary industries
- Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK), Land Brokerage (Raw Land & Development Sites) (FSAEAJAD), Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)
Keywords
Where Citevo is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices13 records
Markets served
Citevo business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Property Acquisition and Resale: Citévo buys properties (houses with gardens, multi-unit buildings) at market value, performs land subdivision or building division, and resells the created lots through their partner network of real estate agents, mandataires, and notaires. Revenue is generated from the margin between acquisition and resale prices of divided properties.
- Real Estate Promotion: Citévo develops collective housing projects in dense urban areas and zones, working in copromotion with partners like GreenCity Immobilier. Projects include residential buildings in Paris, close suburbs, and Basque Country.
- Property Renovation Services: Citévo purchases energy-inefficient properties (classified F or G), renovates them with their own technical teams, and resells or rents them with improved energy performance ratings. Creates value through energy renovation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Direct property purchase model |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Citevo product offering
Product offeringCore offering
Citévo acquires houses with large gardens (300 m²+) and multi-unit properties, performs legal land or building subdivision through permits (déclarations préalables, permis d'aménager), and resells the resulting lots through partner real estate agent networks, mandataires, and notaires. The company also develops collective housing in dense urban zones via real estate promotion and provides energy renovation services to upgrade thermal sieve properties (F/G rated) to higher DPE ratings. Revenue is generated from the spread between acquisition and resale prices, promotion margins, and renovation value capture, supported by an in-house project assembly (Pôle Montage) service coordinating all stakeholders from sourcing through closing.
Product overview
Citévo is a French real estate company offering three interconnected service lines: (1) Division foncière — its core land subdivision business where it acquires properties with development potential, subdivides land through legal authorization processes, and resells lots via partner networks; (2) Promotion immobilière — real estate development of collective housing in dense urban zones; and (3) Pôle Montage — an internal project management service coordinating all stakeholders throughout the division or development process. The company also offers energy renovation services for thermal sieve properties. Citévo operates exclusively in France with 13 regional offices serving property owners, real estate agents, and municipalities.
Differentiator
Problem solved
Functional benefit
Products and services
- Division foncière (Land Division) Cit\u00e9vo's primary service of acquiring houses with large gardens (300 m²+) or multi-unit dwellings on a single property, performing legal land or building subdivision (déclarations préalables, permis d'aménager), and reselling the subdivided lots through partner real estate agents, mandataires, or notaires. The process covers technical and financial validation, contract drafting, commercialization optimization, stakeholder coordination, and administrative follow-up.
- Promotion immobilière (Real Estate Development) Real estate development of collective housing in dense urban areas, including residential projects in Paris (Le Passage Saint-Mand\u00e9, Paris 12e), close suburbs, and the Basque Country (Les Terrasses de Piquessary, Boucau). Delivers human-scale operations adapted to attractive territories, covering free-market, social, commercial, co-living, office, or mixed-use programs in partnership with local elected officials.
- Pôle Montage (Project Assembly Service) Dedicated project management service where Cit\u00e9vo's project managers act as orchestrators interacting daily with all stakeholders including real estate agents, town halls, surveyors, brokers, builders, bailiffs, notaries, sellers, and buyers. The service handles all administrative aspects of each project from signing of the sale agreement through completion, embedded into every division or development operation.
- Rénovation énergétique (Energy Renovation) Energy renovation services for thermal sieve properties (F or G DPE rated), including heating system replacement (hybrid systems such as pellet stove plus electric radiators, heat pumps), reinforced interior insulation, window replacement, and full interior renovation packages. Cit\u00e9vo renovates properties to bring them from G to C DPE rating, executed by in-house project and works directors.
Quantifiable outcome
- Citévo has completed 600+ operations with nearly 2,500 transactions across France
- +4 more outcomes
Companies that use Citevo
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Citevo technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Citevo partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and major.
- iad Francecoreiad is one of Citévo's framework partnership partners for the institutions segment. Citévo works with iad's network of independent real estate agents to resell divided lots from their subdivision operations.
- CapifrancecoreCapifrance is one of Citévo's framework partnership partners. The network provides agents who participate in reselling Citévo's subdivided properties.
- Human ImmobiliercoreHuman Immobilier is listed as a framework partner working with Citévo on institutional and agent partnerships.
- EfficitycoreEfficity is one of Citévo's framework partnership networks, providing agent coverage for property resales.
- ArthurimmocoreArthurimmo is a long-standing partner of Citévo, appearing on both the main partners section and the institutions partnerships page.
- Era ImmobiliercoreEra Immobilier is listed as one of Citévo's framework partnership networks for agent-based property resales.
- GreenCity ImmobiliercoreGreenCity Immobilier is Citévo's copromotion partner for the 'Les Terrasses de Piquessary' project in Boucau. They work together on collective housing development projects combining expertise in sustainable urban development.
- OptimhomemajorOptimhome is featured as a privileged partner of Citévo, providing mandataire agents who participate in reselling subdivided properties.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Citevo competitors and assessment
Company assessmentBroad incumbents
- Nexity: France's largest integrated real estate developer, active across residential development, subdivision, services, and distribution. A broad incumbent whose residential division competes with Citévo's subdivision and promotion activities at a much larger scale.
- Eiffage Immobilier: Property development arm of Eiffage Group, developing residential and mixed-use projects across France. Competes with Citévo in residential development and could enter the micro-subdivision niche given balance-sheet capacity.
- Altarea (Cogedim): French real estate group operating residential development through Cogedim brand and retail asset management. Comparable via Cogedim's residential for-sale development, which overlaps with Citévo's promotion verticale.
- Kaufman & Broad: Major French for-sale homebuilder and developer with national coverage. Overlaps with Citévo's promotion and subdivision activities, particularly on individual houses and small residential programs.
- Vinci Immobilier: Real estate development subsidiary of Vinci Group, active in residential and commercial property across major French cities. Broad incumbent whose urban residential focus overlaps with Citévo's promotion activities.
- Bouygues Immobilier: Real estate development arm of Bouygues Group, one of France's largest residential developers. National reach and balance-sheet capacity position it as a potential entrant or competitor in micro-subdivision.
- Icade: Listed French real estate company with residential and commercial property activities. While more focused on commercial and healthcare assets, its residential subsidiary overlaps with broader French urban development including densification.
- BNP Paribas Immobilier: Real estate arm of BNP Paribas, offering residential development, property management, and transaction services in France. Operates at much larger scale but competes in adjacent segments including residential resale and development.
Emerging players
- Pitch Promotion: Mid-sized French real estate developer active in residential and mixed-use projects across major French cities. More comparable in scale to Citévo than the major incumbents, with overlapping urban residential focus.
Direct peers
- GreenCity Immobilier: French real estate developer specializing in sustainable urban housing. Already Citévo's co-promotion partner on the Boucau project; comparable in size and geographic focus, with overlapping residential development activity in metropolitan France.
Market position
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Citevo social profiles
Digital presenceCitevo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Citevo leadership team
Management profileNumber of profiles
Profiles6 records
Citevo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Citevo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Citevo
What does Citevo do?
Citévo acquires houses with large gardens (300 m²+) and multi-unit properties, performs legal land or building subdivision through permits (déclarations préalables, permis d'aménager), and resells the resulting lots through partner real estate agent networks, mandataires, and notaires. The company also develops collective housing in dense urban zones via real estate promotion and provides energy renovation services to upgrade thermal sieve properties (F/G rated) to higher DPE ratings. Revenue is generated from the spread between acquisition and resale prices, promotion margins, and renovation value capture, supported by an in-house project assembly (Pôle Montage) service coordinating all stakeholders from sourcing through closing.
Is Citevo a public or private company?
Citevo is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Citevo founded?
Citevo was founded in 2012. It employs 11 to 50 people.
Where is Citevo based?
Citevo is headquartered in Paris, France, in the Europe region.
How does Citevo make money?
Three revenue lines are on record. Property Acquisition and Resale is the primary driver. The others are real Estate Promotion and property Renovation Services.
Who are Citevo's main competitors?
Broad incumbents on record are Nexity, Eiffage Immobilier, Altarea (Cogedim), Kaufman & Broad, Vinci Immobilier, Bouygues Immobilier, Icade and BNP Paribas Immobilier. Pitch Promotion is listed as an emerging player. GreenCity Immobilier is listed as a direct peer.
Does Citevo have an API?
No public API is recorded for Citevo.
What industry is Citevo in?
Citevo's product category is Real Estate Land Subdivision Services. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of BPAJAMAK, Real Estate Investment Management (Acquisitions & Dispositions). Its NAICS code is 23721 and its SIC code is 6552.