Nexity, the leading French real estate developer, will put in place an employment protection plan (PSE) in 2024. The group has sold its Portuguese and Polish subsidiaries and wants to sell its property management branch, which employs around 3,100 people.
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. Its turnover, down 9% to 4.27 billion euros, is slightly below its target of 4.3 billion.