Nexity

Nexity is a French company that focuses on real estate development and the provision of related services. The company was founded in 2000 in Paris. History Beginnings: the Arnault family In 1971, Bernard Arnault started to work in his family business, the industrial and public works construction company Ferret-Savinel, owned by his father, Jean Léon Arnault. There he began to develop real estate activities. In 1974, he convinced his father, then CEO, to change the focus of the company, sell the division of industrial construction to Quillery and use the money to enter fully into the business of the real estate. Following that sale, Ferret-Savinel changed its name, becoming Ferinel, and, focused on the real estate market, began increasing its portfolio. In 1988, following this success, the headquarters were transferred from Roubaix to Paris and the real estate branch was renamed George V Group. CGE steps up The Compagnie Générale des Eaux (CGE) was established in the mid-19th century in order to provide water supply services to France's industrial cities. For the early 20th century, CGE was already one of France's largest private companies.