Construction & Real Estate

CMI’s in-depth knowledge of the construction and real estate ecosystem allows us to provide insights to corporate leadership and investors on the strategic issues they will face.

We are able to work across the entire building and real estate value chain (manufacturing and distribution of materials or equipment, construction, renovation, and maintenance, trading), covering architecture-led (painting, facades, masonry, roofing, etc.) and technical-led disciplines (electrical engineering, Heating, Ventilation and Air Conditioning).

Our expertise also covers building services:

• Construction engineering and design offices.
• Diagnostics and inspections.
• Fire protection.
• Hygiene.
• Asbestos removal.
• Real estate development and agency services.

CMI guides its clients thanks to its thorough understanding of construction & real estate dynamics:

• Regulatory developments impacting sector stakeholders in existing and new buildings,
• Energy renovation and building performance optimization.
• Digitization of activities including new practices/services (energy management, proptechs, etc.).

We thrive on bringing strategic and operational perspectives to each sub-market within this sector, helping corporate and investor clients maximize long term value thanks to the following assets:

• A broad set of experts and decision-makers to back-up our recommendations.
• Thorough understanding of technical needs by client type (co-ownerships, social housing, commercial properties, and associated sub-segments, etc.).
• In-depth understanding of dynamics specific to each construction activity.
• Mastering key levers: value chain, investment criteria, business and operational models.

“When construction shines, everything else shines”, paraphrasing a French saying.

The sector is structured around a complex value chain (material suppliers, manufacturers, distributors, renovation/maintenance companies, service companies, etc.) with challenges specific to each activity.

Companies operating in the residential, commercial, and industrial sectors must therefore adapt to significant changes (political, economic, and technological) that impact the entire life cycle of buildings.

CMI supports stakeholders thanks to extensive sector expertise and helps its clients identify the most promising development paths, finding solutions to constraints they are confronted with.

The Construction & Real Estate sector faces two major challenges: improving energy performance of buildings on one hand, all-up digitalization on the other.

CMI has built long term expertise on both, detailed below:

• Reducing energy consumption in existing buildings through efficiency optimization and renovation. Significant investments and regulatory incentives are deployed to support stakeholders in this transition, which CMI is familiar with, in the private and public sector
• Digitization of practices throughout the value chain (construction/renovation/asset monitoring) integrating innovative technologies such as Building Information Modeling (BIM), building management systems (BMS), home automation, and energy management.
• Evolution of construction and renovation methods with increasingly demanding standards and certifications (RE2020, BBC, HQE+ labels, etc.) combined with the deployment of more efficient and sustainable materials and equipment (eco-friendly materials, solar energy, etc).

CMI helps its clients take the following variables into account for their investments and programs, which are impacted by macroeconomics:

• Construction cycles by building type (residential, commercial, etc.).
• Changes in real estate transaction volumes (interest rates, purchasing power, investment capacity).
• Exposure to changes in raw material and energy prices.
• Exposure to regulatory changes influencing supply and demand.
• Tensions on talents and recruitment capacity to meet and adapt to the challenges of the sector.
• Competitive dynamics: price/value competitiveness, consolidation, etc.