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Altarea withdraws from the takeover of Réside études' seniors division

This Réside études subsidiary, which employs more than 1,000 people, is no longer immune to social upheaval.
Palazzo's Marseille Prado residence (CoStar)
Palazzo's Marseille Prado residence (CoStar)
By Vincent Lepercq
September 25, 2024 | 1:53 P.M.

Translated from French.

Alain Taravella's group insists that it was unable to lift the conditions precedent attached to its bid, which was the only one of the proposals revealed by Business Immo to include all 73 senior residences and most of the employees. This subsidiary of Réside études, which employs more than 1,000 people, is no longer excluded from a social break-up.

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