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The developer Nexity records an 8% increase in turnover in 2020

2021-02-24T17:58:46.427Z


Nexity, the leading French developer, increased its turnover by 8% in 2020, thanks to an acceleration of its activity in the second half of the year, and achieved an “ exceptional year ” commercially, he announced on Wednesday . The turnover reached 4.86 billion euros, a level higher than forecasts which placed it at 4.7 billion, according to a statement. Read also: Nexity's proposals to relaunch


Nexity, the leading French developer, increased its turnover by 8% in 2020, thanks to an acceleration of its activity in the second half of the year, and achieved an “

exceptional year

” commercially, he announced on Wednesday .

The turnover reached 4.86 billion euros, a level higher than forecasts which placed it at 4.7 billion, according to a statement.

Read also: Nexity's proposals to relaunch housing

The first confinement strongly affected activity in the first half of the year, but that of the second half “

had no impact

” with good progress on the sites, the signing of notarial acts and the marketing of major projects for the development segment. of commercial real estate, detailed the group.

2020 was for Nexity "

an exceptional year in terms of commercial activity

", told AFP its deputy managing director, Julien Carmona.

The group has achieved “

a historic performance, while the French market is down

” both in its residential real estate branch and in its office real estate branch, he added.

In residential real estate, at the end of 2020, new housing reservations, a key indicator of the sector, were “

at a level equivalent to 2019

(21,077 units compared to 21,837 units in 2019).

"Nexity, already"

number 1

"in residential real estate, estimates that its market share for bookings made by developers rose from 13.5% to 17% in 2020, according to Julien Carmona.

These figures are due, according to him, to three factors: the presence of the group throughout the territory, its ability to capture the very significant demand (+ 38%) coming from institutional investors (life insurance, Caisse des Dépôts ...) after “

A long period

” when they had left the housing sector and finally “

a service approach

” (manager, property manager, etc.) brought by the group to its clients.

In its business property development branch, the group indicates that its activity was "

very sustained at the end of 2020 with the marketing of large operations

" allowing it to reach a volume of orders of 1.47 billion euros, "

the highest historical level (including 1.24 billion in the fourth quarter alone)

".

To “

focus

” on its real estate development and real estate services businesses, Nexity also plans to sell in 2021 Aegide-Domitys, its subsidiary for the management of residences for the elderly without medical care.

Read also: Real estate: Nexity and Gecina create a joint group to build housing

For this year, the group is targeting “

around 20,000 reservations for new housing in France in residential real estate and 400 million euros excluding tax for order intake in commercial real estate

”.

Source: lefigaro

All business articles on 2021-02-24

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