Akerys (finance / real estate)
April 2009 - Completion of the high yield restructuring
The €300m high yield has been reduced to €80m, the bond holders taking on this occasion 45% of the capital of Akerys’ holding company. This is a major step in the adaptation to the difficult market conditions of the real estate sector. On this occasion, Qualis has been diluted from 76% to 42%.
April 2009 - Akerys and the Scellier law
For Figaro Magazine, François Jouven, President of Akerys, goes back over the Scellier law adopted in December 2007. By transforming the tax aids (amortization) in tax reduction and improving significantly the amounts of aids, it allows to give middle class new disposable income to rental investment. The law corresponds to the mechanisms of real estate tax exemption recommended by Akerys since end of 2007. See article
November 2008 - BVA survey: satisfied customers
Since 2005, BVA realizes periodically for Akerys satisfaction surveys to its customers, investors and tenants. The last study, made in June 2008 with a representative sample of 2,000 customers, testifies of a high level of satisfaction and determines the Group’s main lines of progress. 82% of the investors are satisfied and 80% of the tenants. Download the document. To download the document.
July 2008 - Akérys, founder member of "Toulouse 2013"
The Akérys Group supports Toulouse in its candidacy to be the European Capital of Culture in 2013. The great ambition of this project "Toulouse 2013-2023" is to pass on to our children a nicer city to live in. Akérys is involved in the workshop dedicated to urbanistic and achitectural development. Grâce à cet espace de travail Jacques Seguin, directeur régional d’Akérys, comme d’autres éminents experts internationaux , communiquent et travaillent , en temps réél, sur les grandes lignes d’un nouveau programme d’urbanisme et de développement pour Toulouse et sa région, à l’horizon 2023.
May 2008 - Akérys at a meeting to facilitate home ownership
François Jouven, President of Akérys, will take part in June 2008 in the First "Rencontres pour l’Accession Populaire à la Propriété", which will focus on the different ways to facilitate home ownership by the working class. Mrs Boutin, the French Ministry of Housing, will also participate.
May 2008 - Gilles de Robien at the IFB France seminar
The Akérys Group welcomed Gilles de Robien at the IFB-France annual seminar, where 800 commercial councellors met in a warm atmosphere. The former Minister of Housing recalled the efficiency of the "Robien system he initiated to irrigate France with new housings. He laid stress on the essential economic and social implications of all the people involved in the rental investment market.
March 2008 - "Owner of my house for €15 per day"
Akerys group joins with the « Owner of my house for € 15 per day® » operation initiated by Christine Boutin, Minister of Housing and the City. This operation plans to set up a system which gives the possibility to first-time home-buyer households with low income to become owners of their house for a budget of 15 euros per day. The acquisition of the building is paid over a period of 25 years maximum, the financing of the site being postponed thanks to the PASS-FONCIER system.
February 2008 - Akerys and home ownership social facilitation
Akerys has signed its first partnership agreements to set up the “Pass Foncier” system with the four main organisms which collect the “1% Logement”: GIC, Solendi, Cilgere and Cill 2000. Akerys aims at commercializing nearly 2,000 housing units in Pass Foncier during the years 2008 to 2010. Several projects have already started. Innovating in terms of financing adds up to an original building mode: for these achievements, the Akerys Group has conceived a new product in modular building mode.
July 2007 - €300m high yield floating-rate note
Akerys has finalized the offering of a €300m high yield floating-rate notes. Proceeds refinance existing debt and facilitate the financial maneuverability of the Group. The Group was assigned a BB corporate rating by Standard & Poors and Ba2 by Moodys, the bond being rated BB- and Ba3. Read the French press release.
May 2007 - Akerys is selected to develop the site of the former plants of Rossignol in Voiron
Akerys has been selected to develop the site left by Rossignol in Voiron (Isère), before Nexity, Icade and Bouygues. By June 2008, ca. 700 housings will be built, among which 300 are destined for occupation by the owner, 150 for social housings, the rest being housing units for investment. The site will include a seniors residence, a day nursery and shops. Read the French press release.
September 2005 - François JOUVEN, new President of Akerys.
François JOUVEN is the new President of the Akerys Group and succeeds to Maxime Basaïa, one of the founders of the group. Mr Jouven, 59, is a graduate of Ecole Nationale d’Administration (ENA). He has held several positions in the French Industry Ministry, then in the Crédit Agricole ((French bank). However, the main part of his carrer at the Caisse des Dépôts (CDC), a French state-owned financial institution, among others as as President of ICADE, the real estate subsidiary of the CDC, and as Director of Local and Regional Development.
July 2006 – Qualis takes control of Akerys
In early July 2006, Qualis increased its stake in Akerys from 28.24% to 63.70%. As when Qualis bought its initial stake in January 2004, this investment took place as part of an LBO.
June 2006 - Akerys features in the real estate developer rankings for the first time
January 2006 - Akerys launches two pilot initiatives concerning energy saving and sustainable development
Akerys has demonstrated its specialist expertise with (i) the installation of solar panels in a residential building at La Seyne sur Mer, which will cover 55% of users’ annual hot water requirements, saving 7 tonnes of CO2 per year, and (ii) the installation of a water conservation system in the town of Saint-Gilles.
November 2005 – Creation of Akerys, a new major player in the real estate market
4M, Actif+ and IFB have been combined to form Akerys. Since its creation, Akerys has been one of France’s top three real estate developers in terms of units sold, with more than 13,000 residential units under construction. Akerys is also a leading player in residential real estate services, with almost 17,000 rentals expected in 2005/06 along with 34,100 managed units in condominium buildings. Akerys employs 1,485 staff and had sales of €689 million in 2004/05.