(CercleFinance.com) – Nexity indicates that it has finalized the sale of its property management activities to the investment company Bridgepoint, on the basis of an enterprise value of 440 million euros, an operation announced in December last.
The sale proceeds of 400 million received by Nexity will be used to significantly accelerate its debt reduction trajectory (net debt was 776 million euros at the end of 2023). Its liquidity is strengthened by this sale.
This operation is accompanied by a six-year strategic partnership, renewable for four years, between Nexity and the new entity, aimed at perpetuating and amplifying existing synergies with the real estate group’s promotional activities.
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