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Promoting comprehensive development areas in Réunion with CBO Territoria
Project
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Signature date
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Location
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Réunion
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Financing tool
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Financing amount (Euro)
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8503200
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Financing details
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Convertible bonds of EUR 8,5 M
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Customer
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CBO Territoria
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Type of customer
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Company
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Project number
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PRE1009
In addition to being a promoter, CBO Territoria has a real estate activity in Réunion, which Proparco is helping it develop. In this respect, it is indeed playing a key role in structural real estate projects for the territory.
Client presentation
CBo Territoria owns 3,000 hectares of land and has a real estate and property development activity. The company develops both residential and professional programs and plays a leading role in structural real estate projects for Réunion, in particular by creating comprehensive development areas.
Project description
Proparco’s equity investment will allow CBo Territoria to support the development of its real estate activity by continuing to create comprehensive development areas (ZAC).
Project impact
The company plays a leading role in achieving a territorial balance through its extensive real estate services and regional operations. Its social housing services contribute to increasing social diversity. Its operations also have a major impact on employment: its future orders will create or maintain 1,500 jobs. CBo Territoria thereby contributes to the economic development of Réunion.