Nexity will implement a social plan this year. The French real estate developer, which is suffering from the historic crisis in construction, has not announced the number of jobs threatened.
Rising construction costs combined with difficulties in accessing credit for buyers have forced large developers to diversify at full speed to cope with the collapse in reservations. Nexity has reduced its net debt from 820 to 776 million euros and has set itself the objective of bringing it below 500 million at the end of 2025. The promoter also renounces paying a dividend to its shareholders.