The GROUPE IDEC, a major player in the property sector in France and abroad, and XORI Group, an Italian company specialising in engineering and construction, have joined forces to create a new joint venture: IDEC GROUP ITALIA. This new entity, based in Turin, brings together the expertise of the two companies and can now offer support across the entire property value chain, integrating the challenges of carbon neutrality.
THE ASSOCIATION OF TWO PROPERTY EXPERTS
The GROUPE IDEC, founded in France almost 25 years ago, is one of the leading players in the property sector, with more than 600 employees in France, 1,000 abroad, 700,000 sq. m. completed each year and more than 1,000 hectares under development. To boost its development in Italy, the group has joined forces with XORI Group, a company that employs over 200 people in the country and incorporates seven different companies, the oldest of which dates back to 1979. ‘Together, with IDEC GROUP ITALIA, we want to create a benchmark company to support players in industry, business and logistics in the realisation of their real estate projects by integrating all the levers of innovation and sustainability’, explains Patrice LAFARGUE, Founder and Chairman of GROUP IDEC.
A 360° VIEW OF REAL ESTATE
By combining their respective areas of expertise, the GROUPE IDEC and XORI Group hope to stand out from the players present in Italy by adopting the approach that is the strength of the company founded by Patrice LAFARGUE in France, namely a 360° vision of real estate. ‘We have always wanted to position ourselves as a service company,’ explains the Chairman of the GROUP IDEC. ‘From planning to development, including turnkey engineering, investment, energy and international operations, we have always sought to meet all our customers’ needs. We obviously intend to adopt the same approach in Italy, capitalising on the expertise of our partner XORI Group.
A UNIQUE ASSOCIATION WITH COMPLEMENTARY SKILLS
With its knowledge of the local market and the standards that make it up, its national roots and the many projects it has carried out in Italy and more widely in Europe, XORI Group represents a partner of choice for the GROUPE IDEC to develop its activities in Italy. ‘We intend to combine our know-how and the complementary nature of our businesses,’ explains Patrice Lafargue. ‘From planning to the development of high-potential land, the design and turnkey construction of logistics, tertiary and industrial projects, and investment, we also intend to deploy our most innovative low-carbon energy solutions to support our customers in the energy and environmental transition of their projects.
SETTING UP IN TURIN
To be as close as possible to its customers, IDEC GROUP ITALIA is setting up in Italy, more specifically in Turin. ‘With the strategic creation of IDEC GROUP ITALIA, we are putting Turin and Piedmont back at the heart of European and international economic interests, as the starting point for a promising new adventure,’ says Luca Rollino, Chairman of the Xori Group. ‘From this new location, we are counting on potential business worth more than €100 million over the next few years, with an ambitious vision for the economic development of the region through industrial and logistics projects,’ adds the Chairman of XORI Group. ‘With IDEC GROUP ITALIA, we intend to offer a breakthrough by supporting our customers across the entire property value chain.
SEVERAL PROJECTS UNDER STUDY
Alongside the creation of IDEC GROUP ITALIA, the GROUPE IDEC and XORI Group teams are already working on several large-scale projects. These include a logistics project of almost 60,000 m² in the Veneto region, which is currently being studied and is in response to customer requests around Milan and Rome.
