Abenex partners with LP Promotion

LP Promotion

Real estate development

Created in 1996, LP Promotion is a residential real estate developer mostly in the South West of France. It primarily operates in Toulouse, Bordeaux and more recently the Paris region, and addresses “buy-to-let investors”, “social housing” sales, and “owner-occupiers”. Since its creation, the group sold ~ 7000 home units through a multi-channel approach including: LP Promotion also manages seniors’ residences and students homes. – external sales: with national / regional selling networks and independent wealth management advisors – internal sales with: “in house” teams covering local customers and “social housing” sales in bulk. LP Promotion also manages seniors’ residences and students homes.

Date of capital investment

April 2017

Type of deal

MBO

Turnover

200m€

Number of employees

115

Date of transfer

Type of transfer

Secondary LBO to Aermont Capital Real Estate Fund IV