Nexity continues to refocus on France with the disposal of its development activities in Portugal
06 September 2023 - 6:00PM
Nexity continues to refocus on France with the disposal of its
development activities in Portugal
NEXITY CONTINUES TO REFOCUS ON FRANCE
WITH THE DISPOSAL OF
ITS DEVELOPMENT ACTIVITIES IN
PORTUGAL
Paris, September 6th 2023, 6pm
CET
Following the sale of its Polish subsidiary,
which was completed in July 2023, and as part of the refocusing of
its development activities in France, Nexity announces the disposal
of its activities in Portugal to Orion European Real Estate Fund V,
a real estate fund managed by Orion Capital Managers.
"These two disposals are perfectly in line with
the strategy of reallocating capital to activities in France, in
accordance with the timetable announced by Nexity in February 2023
at the time of its annual results. The proceeds from the disposals
and the reduction in working capital requirement generated by the
extinctive management of the remaining international operations
will help to reduce the Group's debt and finance our operations in
the field of sustainable cities.” - Véronique
Bédague, Chairwoman and CEO of
Nexity.
NEXITY – LIFE TOGETHER With
8,500 employees and €4.7 billion in revenue in 2022, Nexity is
France’s leading comprehensive real estate operator, with a
nationwide presence and business operations in all areas of real
estate development and services. Our strategy as a comprehensive
real estate operator is designed to serve all our clients:
individuals, companies, institutional investors and local
authorities. Our corporate purpose, “Life together”, expresses our
commitment to creating sustainable spaces, neighbourhoods and
cities that let our clients connect and reconnect. Nexity has been
ranked France’s number-one low-carbon project owner by BBCA for the
fourth year in a row, is a member of the Bloomberg Gender-Equality
Index (GEI), was included in the Best Workplaces 2021 ranking and
was awarded Great Place to Work® certification in
September 2022.
Nexity is listed on the SRD, Euronext’s
Compartment A and the SBF 120.
CONTACTGéraldine BOP – Head of
financial communication / +33 (0)6 23 15 40 56 –
investorrelations@nexity.fr
- PR_Portugal disposal_Vdef
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