What CEFIM does

CEFIM (SAS CEFIM) is a privately-held French real estate developer-constructor founded in 2011 and headquartered in Vannes, in the Morbihan department of southern Brittany. The company specializes in new-build residential property—primarily apartments, with some houses and serviced land plots—delivered at human scale (typically 6–38 units per program) in coastal and peri-urban locations around the Golfe du Morbihan, including Vannes, Arradon, Séné, Sarzeau, Larmor-Plage, Muzillac, and Ile-aux-Moines. Since inception CEFIM has cumulatively built or placed under construction approximately 33 programs encompassing around 850 apartments, and it currently operates with roughly 13 employees.

The technical proposition is centred on architect-led, environmentally certified design. Programs comply with French thermal regulations—BBC Effinergie and RT2012 for older developments, RE2020 for programs launched after 1 January 2022—and feature double glazing, secure access, individual gas heating with programmable thermostats, and landscaped outdoor integration designed with named partners such as Atelier Arcau, Erre Studio, ALINEA, and landscape architect Urbae. Two programs have been recognised by industry awards: Domaine de Boismoreau (Trophée des Hermines 2020) and Metropolitan (Menhir d'Argent 2022). The firm is also a joint-venture participant with Compagnie de Phalsbourg on the Port-Jardin(s) urban redevelopment of Vannes harbour's left bank, signalling a step beyond standalone residential development.

The business model is direct-to-consumer sale of new residential units, sold off-plan (VEFA) or upon completion, via the company website, a phone hotline, and on-site appointments at Vannes. Pricing ranges from approximately €4,000/m² for mid-range programs to €4,900/m² for premium waterfront residences. The company serves three core customer segments: primary residence buyers (including retirees downsizing from houses), buy-to-let investors using the Pinel or LMNP tax schemes, and high-net-worth buyers seeking premium Vannes port and historic-centre locations. Revenue is one-time per unit; the only publicly disclosed consolidated figure is €6.9M circa 2015 (Le Moniteur), and CEFIM remains unlisted and self-funded with no external investors identified.

Name

CEFIM

Legal name

SAS CEFIM

Website

https://cefim-immo.fr

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

CEFIM is a Vannes-based French real estate developer-constructor building new residential apartments and houses in southern Morbihan, serving primary residence buyers, buy-to-let investors, and premium buyers across 33+ delivered programs since 2011.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117)

SIC

General Bldg Contractors - Residential Bldgs (1520), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Residential General Contracting (New Build) (IMAFAAAB)

Keywords

• Residential property development
• New construction housing
• Real estate development
• VEFA property sales
• Apartment construction

Headquarters

HQ city

Vannes

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. New residential property sales: CEFIM generates revenue by developing and selling new residential apartments and houses to individual buyers and investors. Properties are sold off-plan (VEFA - Vente en l'État Futur d'Achèvement) or upon completion. The company targets primary residence buyers, retirees downsizing from houses to apartments, and buy-to-let investors (Pinel, LMNP schemes). Revenue is one-time per unit, with sales driven directly by the company's commercial team and website.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

CEFIM develops, constructs, and sells new-build residential properties — apartments, houses, and serviced land plots — in the Vannes and Golfe du Morbihan area of southern Brittany, France. Units are sold off-plan (VEFA) or upon completion, with per-square-metre prices ranging roughly €4,000–€4,900. The company also structures Pinel and LMNP tax-incentive investment offerings for buy-to-let buyers, and integrates environmental certifications (RT2012, BBC Effinergie, RE2020) and named-architect design across its programs.

Product overview

CEFIM is a real estate developer and constructor based in Vannes, France, specializing in new residential property programs in southern Morbihan and the Golfe du Morbihan region. The company offers a portfolio of apartment and villa developments across multiple locations including Vannes, Arradon, Séné, Sarzeau, Larmor-Plage, Saint-Avé, Muzillac, and Ile-aux-Moines. Their current new development portfolio includes Seaside (Arradon), Quai 47 Rive Gauche (Vannes port), Domaine de Kaër (Vannes), Pavillon Foch (Vannes), Cour Richemont (Vannes), Les Terrasses de Port Lagaden (Larmor Baden), and Le Clos des Régatiers (Saint-Pierre Quiberon). Completed developments include Metropolitan (Vannes, Art Deco style), Domaine de Boismoreau (Vannes, award-winning), Sun 7 (Saint-Avé), Green Parc (Arradon), Villas Marines (Ile-aux-Moines), Le Patio du Golfe (Sarzeau), Jardin du Golfe (Sarzeau), Terrasses Marines (Vannes port), City Zen (Vannes), Le Carré des Salines (Séné), Le 20 (Larmor-Plage), Les Portes de l'Océan (Muzillac), and La Kanopée II (Séné). The company also offers tax investment services including Pinel scheme and LMNP (furnished rental) programs. All developments are designed at human scale with quality materials and environmental certifications including RT2012, BBC Effinergie, and RE2020.

Differentiator

Problem solved

Functional benefit

Products and services

• Seaside (Arradon) 38-unit new-build apartment program located in the centre of Arradon, marketed as a Pinel-eligible investment opportunity for buyers near the Golfe du Morbihan.
• Quai 47 Rive Gauche (Vannes port) Premium waterfront residence on the left bank of Vannes harbour, comprising 8 apartments from T3 to T5 plus 2 commercial units, targeting buyers seeking a prestige port address.
• Domaine de Kaër (Vannes) Mixed new-build program of 16 apartments and 3 architect houses on rue Albert 1er in central Vannes, targeting primary-residence buyers in a central urban location.
• Pavillon Foch (Vannes) Boutique 17-apartment program (T2 to T4) in Vannes's Albert 1er quarter, positioned as an intimate, high-standing central-Vannes residence.
• Cour Richemont (Vannes) 10 standing apartments (T3 to T5) in an intimate development near the historic ramparts of Vannes, marketed as a quiet enclave within the city centre.
• Les Terrasses de Port Lagaden (Larmor Baden) Small 7-apartment program (plus a commercial unit) on the port of Larmor Baden, targeting buyers seeking a coastal setting within the Golfe du Morbihan.
• Le Clos des Régatiers (Saint-Pierre Quiberon) Program of 9 serviced land plots in Saint-Pierre Quiberon for buyers wishing to commission their own build within a CEFIM-developed residential enclave.
• Les Portes de l'Océan (Muzillac) 21-unit new-build apartment program (T1bis to T4) in Muzillac, RE2020-compliant, designed by ALINEA, positioned 300 metres from the city centre.
• Sun 7 (Saint-Avé) 40-unit collective housing program in Saint-Avé near Vannes, designed by Erre Studio, targeting primary-residence buyers in the greater Vannes metropolitan area.
• Metropolitan (Vannes) 19-apartment Art Deco residence in central Vannes designed by Atelier Arcau, winner of the Menhir d'Argent 2022 prize for architectural quality.
• Domaine de Boismoreau (Vannes) 32-apartment plus 3 architect-house program on the Boismoreau hill in Vannes, designed by Atelier Arcau and engineered with I2C, winner of the Trophée des Hermines 2020 for collective housing.
• La Kanopée II (Séné) 23-unit new-build apartment program in Séné (T2 to T5), designed around a calming aesthetic and marketed as Pinel-eligible for buy-to-let investors.
• Green Parc (Arradon) Small-scale BBC-certified apartment residence at the entrance to the Golfe du Morbihan in Arradon, combining primary-residence and second-home use cases near the coast.
• Terrasses Marines (Vannes port) Premium standing waterfront residence on Vannes port, offering 10 high-end apartments with large terraces and commanding port views.
• Villas Marines (Ile-aux-Moines) 8–10 villa program (T4 to T5) on Ile-aux-Moines, positioned near beaches and the village centre for second-home and primary-residence buyers.
• Le Patio du Golfe (Sarzeau) 31-unit apartment residence (T3 to T4) in Sarzeau on the Presqu'île de Rhuys, positioned for harmonious coastal living.
• Jardin du Golfe (Sarzeau) 32 apartments plus 3 houses in Sarzeau, designed with authentic architecture that integrates into the surrounding Presqu'île de Rhuys landscape.
• City Zen (Vannes) 19-unit human-scale apartment program (T1 to T4) close to the centre of Vannes, marketed for primary-residence buyers seeking a walkable central location.
• Le Carré des Salines (Séné) 12-unit RT2012-certified apartment residence (T1 to T5) in Séné, positioned for buyers seeking coastal living near the Golfe du Morbihan.
• Le 20 (Larmor-Plage) 22-unit BBC-eligible apartment residence (T2 to T5) in Larmor-Plage, located in a calm area a short walk from the beaches near Lorient.
• Pinel Investment scheme Tax-incentive investment service bundling eligible CEFIM new-build properties with the French Pinel scheme, offering 9–14% tax reductions over 6–12 year rental commitments, reduced notary fees (~3%), and preferential loan rates for buy-to-let buyers.
• LMNP (Location Meublée Non Professionnelle) furnished-rental service Tax optimisation service for furnished rental (LMNP) investment in CEFIM new-build properties, offering 50% allowance on rental income and property depreciation over 10–20 years, plus potential property tax exemption.

Quantifiable outcome

• 33 programs built or under construction, ~850 apartments delivered or in delivery
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered minor, core and major.

• WEB & CieminorOthersWEB & Cie is a SARL based in Vannes (1 rue Anita Conti) that hosts the CEFIM website. The relationship is purely operational (web hosting services). CEFIM states it bears no responsibility for any service interruptions.
• Atelier ArcaucoreStrategic or Co-development PartnerAtelier Arcau is the architecture firm most frequently partnered with CEFIM. The two companies collaborated on several award-winning and press-recognised projects including Domaine de Boismoreau (Trophée des Hermines 2020 winner), the rue de la Tannerie project, and the Port-Jardin(s) waterfront development with the Compagnie de Phalsbourg.
• I2C (bureau d'études techniques)coreImplementation/ SI/ Consulting PartnerI2C is the technical engineering consultancy partnered with CEFIM on major projects including Domaine de Boismoreau (with Atelier Arcau), forming the award-winning project team that won the public tender for the former Maison des Associations site in Vannes.
• Urbae (paysage)minorStrategic or Co-development PartnerUrbae is a landscape architecture practice led by a graduate of the Versailles school of landscape design. CEFIM has partnered with Urbae for integrated landscape design across its programs, ensuring environmental integration and outdoor quality.
• Domicile Fixe (architecture d'intérieur)minorStrategic or Co-development PartnerDomicile Fixe is an interior architecture firm that provides design assistance to CEFIM clients, offering optional interior design services as part of the property purchase package.
• Compagnie de PhalsbourgmajorStrategic or Co-development PartnerCEFIM has partnered with the Compagnie de Phalsbourg on the Port-Jardin(s) redevelopment project for the left bank (rive gauche) of Vannes harbour. This is a significant urban redevelopment initiative combining CEFIM's residential development expertise with Phalsbourg's commercial and urban development capabilities.
• Arnord ImmobilierminorChannel Partner/ Reseller/ DistributorArnold Immobilier is a real estate agency operating in western France. CEFIM and Arnold Immobilier co-organise an annual golf tournament (Coupe Cefim/Arnold Immobilier), and the two firms work together in the local property market.
• Vivacar.frminorGTM or Marketing PartnerVivacar.fr partnered with CEFIM as co-sponsor of the Diam 24 sailing team competing in the Tour de France à la Voile 2017 (team name: 'Vivacar.fr - CEFIM').

Scale indicators5 records

Expansion highlights5 records

Broad incumbents

• Altarea: Major French real estate group combining residential development (Cogedim), retail and office assets. Comparable as a residential developer with national presence including coastal markets, though operating at significantly larger scale and with a more diversified asset portfolio.
• Nexity: Largest French residential property developer with national footprint including significant Brittany presence. Comparable as the dominant incumbent in new-build residential development, but with broader portfolio across affordable housing, services and commercial real estate.
• Kaufman & Broad: Major publicly listed French residential developer with national coverage. Comparable as a competing residential developer active in Brittany and coastal markets, but with much larger development pipeline, broader geographic reach and institutional ownership.
• Vinci Immobilier: Residential development arm of the Vinci group, one of France's largest property developers with national new-build coverage. Comparable in core residential development activity, particularly in mixed-use and urban regeneration projects like CEFIM's Port-Jardin(s) partnership, but at materially larger scale.
• Bouygues Immobilier: Major French residential developer (subsidiary of Bouygues) operating across all major French metros including western France. Comparable in core residential development activity but with significantly larger scale, broader product mix and national marketing infrastructure.
• Eiffage Immobilier: Residential property developer within the Eiffage construction group, with national French coverage. Comparable in residential new-build development including Brittany operations, though operating as part of a vertically integrated construction group with substantially larger balance sheet and pipeline.

Direct peers

• Pichet: Bordeaux-headquartered French property developer with national footprint but regional strength in western and coastal France. Comparable as a mid-sized private developer offering new-build residential programs with similar unit counts, environmental certification adoption and direct sales to buyers and investors.
• Lamotte: Family-owned French property developer headquartered in Rennes, active across western France including Brittany. Comparable mid-sized, regionally focused promoteur-constructeur with similar human-scale program design, named-architect collaborations and direct-to-buyer sales model.
• Groupe Réalités: Nantes-based French property developer focused on residential and managed-care real estate in western France. Directly comparable mid-sized developer operating in adjacent Breton geography with similar new-build apartment programs and direct-sales distribution.
• Edouard Denis: French mid-sized residential developer offering new-build programs across western and northern France. Comparable in business model as a regional/national developer of small-to-mid scale residential programs, with similar Pinel/LMNP investor focus and direct distribution to end buyers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@cefim56
• LinkedInlinkedin.com/company/cefim-immo

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 CEFIM