Nexity and Mousquetaires Launch 400 Housing Units in Villeneuve-Loubet, to be Delivered by 2032
Nexity and the Mousquetaires Group have partnered to requalify a historic commercial site on the French Riviera. Signed in May 2026, this urban regeneration project plans the construction of approximately 400 housing units, totaling nearly 24,000 m² of living space within a program exceeding 30,000 m², extending until 2032.
A 30,000 m² Urban Regeneration Project between Cagnes-sur-Mer and Antibes
The project focuses on transforming the commercial site in Villeneuve-Loubet, located between Cagnes-sur-Mer and Antibes, close to Nice. The site currently hosts an Intermarché and a Bricomarché at the town's entrance and seafront. Nexity is managing the project for IMMO Mousquetaires, aiming to requalify this aging commercial complex into a new mixed and sustainable neighborhood.
According to both partners, this operation exemplifies a renewed vision of urban commerce: modernization of uses, de-impermeabilization of the site, and meeting residential needs, while maintaining commercial activity during the construction.
About 400 Housing Units and Tertiary Spaces at the Heart of the New Neighborhood
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The mixed-use program includes the construction of approximately 400 housing units, making up nearly 24,000 m² of living space. Additionally, there will be 1,175 m² of tertiary surfaces (offices) and a sports area exceeding 1,300 m². The new buildings will house the reconstructed Bricomarché and Intermarché, with a comprehensive requalification of the external spaces, circulation, and access to ensure better landscape integration and enhanced urban continuity.
An Execution Schedule Spread Over Six Years in Three Phases
The project is organized into three distinct phases. The sale promise was signed in May 2026. Phase 1, scheduled for 2028, will focus on constructing the new Bricomarché and housing units on the site of the old gas station and part of the parking lot. Phase 2, in 2030, will involve transferring the Bricomarché to the new building, demolishing the old site, then constructing the new Intermarché and additional housing units. Phase 3, in 2032, will see the transfer of the Intermarché to its new building, the demolition of the old store, and the construction of the remaining housing units.
sous réserve de l'absence de nouvelle dégradation significative de l'environnement
Risks mentioned
Environnement macroéconomique dégradé s'installant dans la durée, marqué par la remontée de l'inflation et des taux longs pesant sur le pouvoir d'achat des ménages
Marché du logement neuf se maintenant durablement à un point bas
Capacité d'emprunt des ménages réduite par la hausse des taux (OAT 10 ans à ~5%, taux d'emprunt moyen à 3,40%)
Opportunities identified
Recomposition des marges en aménagement et promotion grâce aux transformations engagées et au plan d'économies de 100 M€
Backlog solide de 3,5 Md€ (1,6 année d'activité) avec rechargement sélectif en opérations à marges d'engagement cible
Partenariat stratégique avec BPCE en distribution de logements neufs et réhabilités prévu en décembre 2026
Outlook / guidance
Management commentary: Ainsi, et sous réserve de l'absence de nouvelle dégradation significative de l'environnement, la guidance communiquée en février dernier pour l'ensemble de l'exercice 2026 est confirmée : Amélioration de la rentabilité opérationnelle avec un ROC New Nexity en hausse sur 2026
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.