YARD REAAS’ first international operation with the acquisition of “VSA PROPERTY” in France
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- The Group accelerates its international expansion by exporting its model to France, one of the leading European real estate markets
- In line with its internationalisation strategy, YARD REAAS will change its name to RYZE Group ('RYZE') from 1 January 2026
Milan, 17 December 2025 – YARD REAAS, leader in real estate consulting and integrated management of real estate services, announces the acquisition of 100% of VSA Property Group (“VSA”), an independent French company specialising in nationwide property management services. The transaction represents the YARD REAAS Group’s first overseas acquisition and marks the realisation of its international expansion following AnaCap’s investment, in line with the strategic plan announced in recent months by partners Emanuele Bellani, Paolo Datti and Paolo Perrella.
With this step, YARD REAAS closes 2025 with an aggregate turnover of approximately € 80 million and will start 2026 with another historic moment: from January 1st, it will change its name to RYZE, a rebranding that is not only about image but is the result of a strategic choice that – not surprisingly – comes at the same time as the Group’s expansion into France. RYZE (which echoes the sound of “rise”, symbolising growth and ascent), with its international scope, is an expression of a path increasingly oriented towards foreign markets.
Founded in Lyon in 2014, VSA is a leading provider for institutional clients, banks, entrepreneurs and family offices in the French market. With a turnover of around €11 million, 80 employees and approximately 500 mandates under management, for a total of 4 million m², it has a widespread presence throughout the country, with dedicated offices for the Paris area and the southern French market. The company stands out for its adoption of advanced technological solutions (such as the OCTOPUS platform for process digitalisation and artificial intelligence), continuous training through the VSA Academy and its concrete commitment to ESG and CSR (Corporate Social Responsibility) issues. Its innovative approach and ability to anticipate market trends have enabled VSA to consolidate its position among the market leaders and operational excellence, particularly in the management of skyscrapers, logistics platforms and large real estate complexes.
Following the acquisition, partners Antoine Dehan and Vincent Decamps will remain at the helm of the Group and will lead the company's expansion in France. The entire management team and directors of the various VSA Property companies will retain their roles and continue to be the point of contact for clients.
“Entering the French market represents a decisive step for our Group. With the aim of exporting our business model to France, we are taking our integrated skills matrix across the border, the same one that has allowed us to become a point of reference for institutional and corporate clients in Italy,” said Emanuele Bellani, CEO of YARD REAAS. “We have initiated discussions with VSA Property because we recognise in this company the same values that have always characterised YARD REAAS: the ability and willingness to work as a team, with human capital as our strongest strategic lever, the key to our solidity and authority. France is just the beginning: the first milestone in a shared path of international growth, in which identity and strategy move in the same direction. In this context, even the change of our name takes on strategic significance: with RYZE, we intend to give ourselves a more international and contemporary identity, capable of representing an expanding Group with a vision that looks beyond national borders.”
“With the entry of VSA Property, we are entering one of the most dynamic and strategic markets in Europe, which the Group has always viewed with great interest,” said Paolo Datti, Deputy Chairman – Head of M&A at YARD REAAS. “We want to consolidate our leadership in the Italian market and, at the same time, become a European benchmark in real estate services, without ever losing sight of the centrality of our current and prospective customers,” he continued. “This is a crucial step in our journey towards building a European real estate services platform, the first of important and decisive steps for increasingly cross-border growth.”
“Joining the YARD REAAS universe represents an extraordinary opportunity to accelerate the growth of our company,” add Antoine Dehan (CEO) and Vincent Decamps (Chairman) of VSA Property. “The integrated and strongly customer-oriented approach fits perfectly with our culture and the needs of the French market. Right from the start, we found a perfect match in terms of values and vision, and we are confident that we will benefit from a strategic vision and an operating model that has already been extensively tested. We are now ready to embark on a new phase of development for our company.”
Alberto Sainaghi, Managing Director of AnaCap, commented: “The expansion into the French market represents an important milestone and a significant step forward in the implementation of the company’s growth strategy, developed together with the management team and reinforced by our network and proven experience in implementing inorganic strategies. The investment in the VSA group enables YARD REAAS to gain a strong foothold in a new key market as we continue to expand our presence and expertise across Europe. Together, we are well positioned to seize new opportunities and deliver long-term value across the region, looking forward to the start of the new chapter as the RYZE Group in 2026.”
YARD REAAS thus continues its growth strategy. With the entry of the pan-European fund AnaCap, the company has consolidated its international vision by accelerating its strategic expansion plan abroad and strengthening its main operating verticals through several strategic acquisitions. In April 2025, the entry of Aegis Cantarelli & Partners allowed the Group to establish itself as a leader in the engineering sector, further developing its ability to operate as a technical and strategic partner throughout the real estate supply chain with an even stronger presence in complex projects, major works and infrastructure interventions. The acquisition of Avalon Real Estate and Technical Services in 2024 strengthened the Group’s project management and technical advisory activities, while the acquisition of Tecnit@lia strengthened its valuation activities.
As part of this acquisition, YARD REAAS, also supported by Will Woodhead & Associés, was assisted by KPMG (tax and financial due diligence), Deloitte (transaction structuring) and Orrick (legal aspects), while VSA Property was assisted by Ansermaud & Trojani for legal aspects and by FIREX for financial aspects.
