Nexity, BPCE Plan French Housing Distribution Partnership

French real estate company Nexity (NXI.PA) and Groupe BPCE entered exclusive talks on a proposed strategic partnership for the distribution of new and renovated homes in France. The companies plan to form a joint venture to acquire and structure real estate programs sourced from developers, with BPCE consolidating Nexity unit iSelection's distribution activities within the Banque Populaire and Caisse d'Epargne banking networks, according to a Thursday release. The housing programs will be marketed through BPCE Solutions immobilières within the Banque Populaire and Caisse d'Epargne banking networks, as well as through iSelection and Perl partner networks. The planned venture and distribution reorganization are expected to become operational by Jan. 1, 2027, following employee representative consultations.