Nacarat

Name

Nacarat

Legal name

NACARAT

Website

https://nacarat.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Lille

HQ country

France

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. New Residential Property Sales: One-time sale of newly constructed residential units (apartments and houses) to individual buyers (primary residence) and investors (rental). Revenue recognized at unit delivery. Volume driven by commercial launches and inventory availability across 8 regional markets.
2. Commercial and Managed Real Estate Development: Development and sale of managed commercial properties including office buildings, senior residences, hotels, and mixed-use complexes to institutional and business investors (e.g., EHPAD, co-working spaces, hotels). Projects include ShAKe (Lille), La Cantate (Dunkerque), Unity (Nice), and others delivered for investor-operators.
3. Parking Space Sales: Sale of underground and outdoor parking spaces within new residential developments, primarily targeting investors seeking modest, accessible real estate investments with lower capital requirements than full apartments.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Nacarat is a French national real estate developer that designs, builds, and sells new residential and commercial real estate programs across 8 regional directions in France. Its core offerings include new-build residential apartments and houses sold off-plan (VEFA) to individual home buyers and investors, commercial real estate developments (offices, mixed-use complexes) for businesses and institutions, and managed real estate assets such as senior residences, hotels, and EHPADs developed for institutional operators. The company provides end-to-end accompaniment from reservation through notarial signature and key handover, supported by RE2020-compliant construction, financial simulators, tax-advantaged investment schemes (LLI Jeanbrun, BRS), and a 24/7 client portal.

Product overview

Nacarat is a national real estate developer and subsidiary of the Tisserin Group, operating for over 40 years with 8 regional directions across France. The company offers a comprehensive portfolio comprising: (1) New residential property programs (programmes immobiliers neufs) featuring apartments and houses from studios to 5+ rooms across all major French metropolitan regions; (2) Commercial real estate (immobilier d'entreprise) including office buildings and business parks with environmental certifications (BREEAM, Passivhaus, WiredScore); (3) Managed real estate (immobilier géré) encompassing senior residences, hotels, and care facilities; and (4) Complementary digital tools including financial simulators (PTZ, notary fees, borrowing capacity) and a client portal (Mon Espace Client) for tracking reservations and financing. The company also offers specialized investment products including the LLI Jeanbrun tax-advantaged scheme and Bail Réel Solidaire (BRS) for accessing property ownership at controlled prices.

Differentiator

Problem solved

Functional benefit

Products and services

• Programmes immobiliers neufs (New Residential Property Development) New residential property programs across France offering apartments and houses from studios to 5+ rooms (and 6+), sold off-plan (VEFA) to individual buyers and investors across 8 regional markets (Île-de-France, Hauts-de-France, Grand Est, Auvergne-Rhône-Alpes, PACA, Occitanie, Nouvelle-Aquitaine, Pays de la Loire). Examples include Pré Catelan (Hardelot), Le Bag-Art (Nancy), Carré Sablon (Metz), Marina B (Fréjus), Panorama B (Sainte-Maxime), and Les Allées du Parc (Beaune).
• Immobilier d'entreprise (Commercial Real Estate Development) Commercial real estate development including office buildings, mixed-use complexes, and business parks delivered to enterprises and institutional investors. Notable projects include ShAKe (33,500 m² mixed-use in Euralille, Lille), High Line (Toulouse, Passivhaus), Link In (Lambersart, WiredScore Gold, BREEAM Very Good), Greeneo and Green Line (Villeneuve d'Ascq, BREEAM Very Good, BIODIVERCITY, WiredScore Silver), and Canopy (Wasquehal, BREEAM Very Good, BIODIVERCITY).
• Immobilier géré (Managed Real Estate) Development of managed real estate assets for businesses and institutional operators, including senior residences, hotels, and EHPADs. Projects include La Cantate (Dunkerque, 129 apartments with Domitys and Aegide), Saint-Exupéry EHPAD (Lestrem, financed with AXENTIA and CNSA), Unity (Nice Grand Arenas, comprising Holiday Inn Express 131 rooms and Crowne Plaza 129 rooms franchised by IHG), Le Domaine des Diamants Blancs (Croix), and La Girandière Louis Aragon (Hem, 95 units with Groupe Réside Études/Les Girandières).
• Bail Réel Solidaire (BRS) Property Programs Solidarity Land Lease (BRS) property programs that enable ownership at controlled prices, where the land remains owned by an Organisme de Foncier Solidaire (OFS) and the buyer pays a monthly land fee. Provides income-qualified buyers access to property ownership at reduced acquisition prices (e.g., Panorama B in Sainte-Maxime).
• LLI Jeanbrun Investment Programs Tax-advantaged investment scheme (LLI Jeanbrun, successor to Pinel) enabling investors to reduce taxes through rental property investments. The package includes 1 year of Foncia property management and rent guarantee (loyers impayés) at no cost, a legal appointment with Rivière & Associés lawyers, SCI creation, and 3 years of tax returns included.
• Investment Parking Spaces Underground and outdoor parking spaces within new residential developments, sold as standalone real estate investments with lower capital entry points (from €5,000) than full apartments, targeting investors seeking rental income from building residents. Locations include Saint-Ouen-L'Aumône, Nanterre, and properties in the Pays de la Loire region.

Quantifiable outcome

• RE2020 new-build apartments achieve DPE A or B labels, with estimated annual energy bills of ~€250 vs. >€2,000 in the existing national housing stock.
• +2 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• PCA-STREAM (Philippe Chiambaretta)coreStrategic or Co-development Partner · 1 January 2023Architecture and urban design firm founded by Philippe Chiambaretta. Responsible for the architectural conception of ShAKe, Nacarat's flagship 33,500 m² mixed-use building in Euralille. PCA-STREAM's 'Share + Work' design philosophy shaped the building's innovative layout combining 24,200 m² of offices, co-working spaces, and amenities.
• Spaces (subsidiary of IWG)coreStrategic or Co-development Partner · 1 January 2023Spaces operates 3,500 m² of co-working space within the ShAKe building in Euralille, providing flexible workspace managed by the IWG/Spaces brand. This partnership brings a plug-and-play co-working offering to the building's corporate tenants and visitors.
• Les Petits Chaperons RougesminorStrategic or Co-development Partner · 1 January 2023Leading French childcare operator operating a nursery within the ShAKe mixed-use building in Lille. Provides on-site childcare services for employees working in the building, enhancing the 'place de village' ecosystem concept.
• AegideminorStrategic or Co-development Partner · 1 January 2020Co-promoter with Nacarat on the La Cantate senior residence in Dunkerque (129 apartments). Aegide brings expertise in senior living development and operations as co-developer of the project.
• Tisserin Promotion, Tisserin HabitatminorOthersSister companies within the Groupe Tisserin cooperative. Nacarat shares data, marketing communications, and cross-sells services with these affiliates. Customers may receive marketing from all Groupe Tisserin entities.
• DomityscoreChannel Partner/ Reseller/ DistributorLeading French senior residence operator and manager. Operates La Cantate residence in Dunkerque developed by Nacarat. Nacarat develops and delivers the property; Domitys manages and operates it for senior residents.
• IHG (InterContinental Hotels Group)coreChannel Partner/ Reseller/ DistributorIHG franchises and operates two hotels within the Unity complex developed by Nacarat in Nice Grand Arenas: a 3-star Holiday Inn Express (131 rooms) and a 4-star Crowne Plaza (129 rooms). Nacarat developed the asset; IHG operates under franchise.
• Groupe Réside Etudes (Les Girandières)minorStrategic or Co-development PartnerCo-promotion with Nacarat on La Girandière Louis Aragon senior residence in Hem (95 units). Groupe Réside Etudes, via its Les Girandières brand, operates the residence for senior residents.
• FonciaminorChannel Partner/ Reseller/ DistributorProperty management partner offered as part of the LLI Jeanbrun investment package. Foncia provides 1 year of property management plus rent guarantee (loyers impayés) at no cost to investors purchasing through the Jeanbrun device.
• Rivière & AssociésminorImplementation/ SI/ Consulting PartnerLaw firm providing legal support to LLI Jeanbrun investors. Nacarat's Jeanbrun package includes a complimentary appointment with Rivière & Associés lawyers, SCI creation, and 3 years of tax returns at no additional cost.

Scale indicators9 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Icade: Listed French REIT and real estate developer (subsidiary of Caisse des Dépôts) operating in commercial property and residential development. Larger and broader than Nacarat, but a relevant comparable in commercial real estate and VEFA residential.

Direct peers

• Kaufman & Broad: French-listed residential developer focused on new-build housing (houses, apartments) and managed residences for students, seniors, and tourism. Comparable to Nacarat's residential and managed real estate segments.
• Nexity: France's largest residential real estate developer with national coverage across new-build housing, serviced land, and managed real estate (student, senior, co-living). Direct competitor to Nacarat in both VEFA residential sales and commercial/managed real estate development.
• Eiffage Immobilier: Real estate development arm of Eiffage Group, developing residential, office, and mixed-use projects across France. Comparable in scale, mixed-use expertise, and infrastructure-driven parent backing to Nacarat.
• Bouygues Immobilier: Major French residential and commercial property developer, part of the Bouygues group, operating across residential (Logement), commercial (Entreprise), and sustainable urban development. Comparable product mix and customer base to Nacarat, with similar regional direction structure.
• Crédit Agricole Immobilier: Real estate subsidiary of Crédit Agricole Group providing residential development, commercial real estate, and property management services. Comparable mid-to-large French developer with bank-backed capital structure, similar in regional coverage to Nacarat.
• Vinci Immobilier: Real estate development subsidiary of Vinci Group, developing residential, serviced residences, offices, and mixed-use projects across France. Similar national footprint and product breadth to Nacarat, including a managed real estate division.
• Altarea Cogedim: Listed French real estate developer covering residential (Cogedim), commercial real estate, and retail (Altarea), with a strong mixed-use and ESG focus. Closest listed comparable to Nacarat's mixed-use model (e.g., ShAKe) and is similar in commercial real estate positioning.
• Ogic: French independent real estate developer with regional directions across France, focused on residential housing, mixed-use, and serviced real estate. Closest size and operating model comparable to Nacarat, including similar mid-tier positioning in the French developer market.
• BNP Paribas Immobilier: Real estate arm of BNP Paribas covering residential development, property management, and commercial real estate advisory across France. Competes with Nacarat in residential programs and managed property services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Nacarat_immo
• Facebookfr-fr.facebook.com/nacaratfrance
• LinkedInlinkedin.com/company/nacarat

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Nacarat