PRELUDE S.A. is a French real estate development company specialized in the design, development, and construction of social and affordable housing programs. Founded in 2020 and headquartered in Cournonterral, France, the company operates primarily as a turnkey residential developer partnering with social housing landlords, public authorities, and institutional housing organizations. The company focuses on developing human-scale residential projects located in rural communities, peri-urban areas, and medium-sized municipalities facing housing supply constraints. PRELUDE S.A. structures its operations across several key product and service segments: turnkey social housing projects sold through off-plan contracts (Vente en l'État Futur d'Achèvement - VEFA); detached and semi-detached single-family houses built from standardized modular blueprints to optimize construction efficiency and cost control; small-to-mid-sized collective residential buildings typically ranging from 15 to 80 housing units; serviced residential building plots; integrated ground-floor commercial and retail spaces; and end-to-end property development services encompassing land sourcing, permitting, architectural engineering, environmental compliance, and construction management. In September 2025, the company completed its direct listing on the Euronext Access Paris exchange under the ticker symbol MLPRE. Recent operational developments include the geographic expansion of its construction pipeline across multiple French regions, advancing and delivering multi-unit residential programs in municipalities including Agde, Oloron-Sainte-Marie, Auterive, Paray-le-Monial, Soumoulou, and Saint-Pierre-d'Eyraud, alongside upgrading its corporate governance and financial reporting systems to support public market requirements.