Nexity: The latest figures, news and market research on Nexity

Turnover: 4.3 billion EUR (2023)

Country: France

Founded in 2000, the French company Nexity is a specialist in real estate development

Nexity's main activities are divided as follows: 75% in housing, 11% in commercial real estate and 14% in complementary services. Nexity has 3 main customer markets: residential real estate development via estate agencies, commercial real estate and real estate services such as property management, building management and real estate transaction consulting.

Nexity regularly uses external growth levers, as demonstrated by the 2016 acquisitions of Edouard Denis, Primosud, and Costame.

In terms of innovation, Nexity launched the Nexity Lab in 2017 to test "Smart Building" solutions.

News

Real estate: Nexity announces 500 job cuts 26/04/2024

- 502 jobs affected by Nexity's redundancy plan.
- Nexity's promotion-construction division will reduce its workforce by 28% compared with 2022, when it employed 2,800 people.
- Nexity employed some 8,200 people at the beginning of the year.
- 3,100 employees are expected to leave Nexity around April, with the sale of the property administration business to Bridgepoint.
- Bouygues Immobilier has announced the loss of 225 jobs out of a total of 1,054.
- Housing sales to fall by a third in 2023 compared with 2022, and by more than half in the last quarter of 2023.

Real estate: Nexity's property managers become independent 04/04/2024

- Sale of Nexity's services division to Bridgepoint: 440 million euros.
- Business areas included in the transaction: condominium management (60% of customers), rental management, transaction and insurance brokerage.
- Size of business sold: nearly 3,200 employees, over 200 branches, nearly one million customers.
- New company name after sale: Evoriel.
- Brands retained: Lamy, Oralia, Richardière, Lamy Assurances.

Real estate crisis: Nexity launches redundancy plan and freezes dividends 29/02/2024

- Nexity, the French real estate market leader, has announced a redundancy plan.
- Nexity sales in 2023: 4.27 billion euros, down 9%
- Nexity has seen a 25% reduction in new-build reservations compared with the average for the last five years.
- Nexity currently has around 8,200 employees. Of these, around 3,100 are due to leave the Group in April, following the planned sale of the property administration business to Bridgepoint.
- Nexity's international sales are down.
Subsidiaries in Portugal and Poland have already been sold, and the company plans to leave Belgium, sell its platform in Italy and complete its projects in Germany.

Real estate: Nexity accelerates debt reduction by selling off its property management business 22/12/2023

Value of Nexity assets sold to Bridgepoint: 440 million euros.
Nexity sales in 2022: 4.7 billion euros.
Number of lots managed by Nexity's property managers: over 800,000.

Real estate: Nexity ready to sell its services division 03/10/2023

Nexity's services division accounts for around 20% of the Group's sales, or 938 million euros in 2022, up 10% on 2021.
Nexity manages 20 million square meters on behalf of major institutional players.
Nexity manages 840,000 lots as a condominium syndic or building manager.
Nexity generates around 25,000 rentals a year and between 5,000 and 6,000 transactions in existing properties.
New housing sales have fallen by almost 40%.
Nexity and Carrefour signed an agreement in early June to develop mixed-use projects combining housing, retail and office space on Carrefour's vast real estate portfolio