Nexity Unveils the Terrot District in Dijon: Nearly 1,000 Homes on a Brownfield Site
On July 10, Nexity and ADIM Centre-East inaugurated the Terrot district in Dijon, marking the transformation of a former industrial site into a new mixed-use neighborhood. The project, in partnership with Dijon Metropole and the City of Dijon, combines heritage preservation with the creation of nearly a thousand housing units based on the principle of urban densification.
Iconic Industrial Site Transformed into a Vibrant Neighborhood
The former Terrot factory, closed for thirteen years, is a landmark in Dijon's industrial history. Its motorcycles and bicycles greatly contributed to the city's fame over the last century. The site's conversion into a neighborhood preserves the monumental facade of the factory, restored and visible from Voltaire Boulevard, while repurposing it for the benefit of the residents.
The neighborhood features a diverse range of housing: 448 units developed by Nexity, including a 146-unit student residence managed by Nomad Campus, 166 freehold apartments, 79 social rental units, and 141 affordable contracted homes. ADIM Centre-East is developing an additional 538 units, including a 166-room nursing home, a 142-unit young professionals' residence, and a 214-room student residence.
Urban Densification and Greening of the Site
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The project exemplifies the conversion of 2.5 hectares of industrial wasteland, a feature made possible by an approach of 'building the city within the city' rather than urban sprawl. This strategy aligns with Dijon Metropole's goals of land-use moderation and limiting soil sealing.
The de-impermeabilization of part of the grounds and the creation of a green central courtyard help renaturalize the area. Eventually, the site will be greened on 48% of its area, making it a greener neighborhood better adapted to climate challenges. The design also includes soft paths and landscaped spaces.
Social Mix and Multigenerational Inclusivity
The Terrot district brings together social housing, homeownership, and specific residences for seniors and dependent elderly people. This diversity of residential types and the variety of residents – students, young professionals, families, seniors – promotes exchanges and social cohesion within the same urban complex.
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.
