Finalisation of the sale of its property management business - EV €440m - Seite 2

Facilitating transformation 

The capital gains realised on this sale give Nexity the means to immediately implement the in-depth transformation announced on 28 February, including the decision to launch within the next few days the process of informing and consulting with employee representative bodies prior to the implementation of a redundancy plan (PSE in French), in order to become a more agile, regionally focused, multi-product organisation that is better suited to new market conditions, paving the way for a rebound in 2025.

“I am very proud to continue successfully rolling out the refocusing roadmap announced last year. On Nexity’s behalf, I’d like to thank all our staff in the Property Management for Individuals business, and wish them all the best alongside their new shareholder, Bridgepoint. The finalisation of this sale and the implementation of this strategic partnership are a major milestone in the transformation of the Group’s business model towards that of an urban operator focused on urban regeneration and managed real estate, while stepping up the pace of its deleveraging. Thanks to a more agile, deleveraged, regionally focused, multi-product organisation, Nexity will be in a position to capitalise on all the opportunities offered by the impending new real estate cycle.”
Véronique Bédague – Chairwoman and Chief Executive Officer of Nexity

“We are very pleased to have finalised this transaction, which, thanks to the synergies built up with Nexity, should enable the new company to emerge as a major player in the French real estate sector. It will allow the newly formed entity to focus on developing tailored solutions to satisfy its customers and respond to new demand, particularly regarding the energy transition.”
Vincent-Gaël Baudet – Partner, Head of Bridgepoint Europe in France

NEXITY – LIFE TOGETHER
With €4.3 billion in revenue in 2023, 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 fifth 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.