Résidis announces the acquisition of the VSP-Logely group, making it one of France’s leading providers of solidarity accommodation 

Résidis, a specialist in solidarity accommodation, announces the acquisition of the VSP-Logely Group, which brings together the companies Voyage Services Plus, a receptive agency specializing in tourism, and Logely, a leading player in emergency accommodation. The structuring merger project between the different entities, concluded on December 31, 2023, outlines the contours of a significant project: to become the reference player in solidarity accommodation in France.

This merger marks the birth of a group with strong values: those of solidarity, commitment, and responsibility towards the populations in precarious situations hosted within its 21 residences, which comprise 2,846 apartments.

Offering high-quality, self-contained accommodation adapted to the needs of the sheltered population 

The new group is a commited actor prioritizing housing quality as a fundamental condition for empowering individuals referred to its facilities. The two entities share significant operational synergies and will now jointly provide high-quality, fully self-contained solidarity housing. These accommodations feature fully equipped apartments, complete with kitchenettes, bathrooms, and sanitary facilities, all strategically located for easy access to public transportation and local amenities.

The accommodation solutions offered by the merged group are specifically tailored to meet the needs of vulnerable groups referred to the structures of the group, including precarious workers, single women with children, and families. The combined expertise of the Résidis and Logely teams in hotel management and social innovation, coupled with their proficiency in welcoming and supporting residents, enables the new group to deliver top-notch assistance to its public, para-public, and associative partners. This support is coordinated by qualified staff specially trained to assist individuals facing precarious situations.

New short-term strategic directions to complement the development of new residences 

As social diversity is a major concern for the Group, a new range of publicly approved accommodation, such as mobility residences, will be developed. A brand dedicated to RHVS (“Residences Hôtelières à Vocation Sociale”) will be created to diversify quality accommodation solutions at a controlled cost.
This new offering will benefit from a booking platform, operational from 2024, aimed at social partners and private individuals, in particular working people or young people on the move, looking for temporary accommodation, thus enabling us to welcome a mixed public within our RHVS.
Finally, the Group is systematically expanding the residences it owns and operates, to offer ever-greater accommodation capacity to its clients. For example, 25 apartments will be created in the Bussy-Saint-Georges (Seine-et-Marne) residence in 2024, built to the highest quality standards and designed to relieve congestion in dilapidated social housing and accommodate vulnerable groups in exemplary conditions. The Group will also be opening a new 45-apartment Appart-Hotel in Paray-Vieille-Poste (Essonne), also in 2024, to accommodate people with reduced mobility.

A group backed by leading financial partners, fully in line with the social impact approach at the heart of the Résidis project

Backed since 2020 by Metric Capital Partners and Weinberg Capital Partners, Résidis has implemented an ambitious and innovative social impact approach across its ten existing residences, which will be applied within the Logely Group’s nine residences and the two new Résidis residences due to open in 2024 in Toulouse.
The aim of this impact plan is to improve residents’ quality of life and facilitate their independence, and to ensure a perfect alignment of interests between all the Group’s stakeholders, notably its principals, its partners, the local authorities within which Résidis operates and the populations it houses.
As part of the merger with the VSP-Logely Group, the Group raised ESG-compliant financing, underwritten by leading lenders: Eiffel Investment Group (notably via impact funds), BNP Paribas Asset Management and Bank of Ireland. Sienna Investment Managers, lender to the VSP-Logely group, has confirmed and extended its support for the new group.
The newly formed group is thus supported by a group of financial partners who fully endorse its approach to institutionalizing and professionalizing the social housing sector.