Nexity: sells activities to Bridgepoint

(CercleFinance.com) - Nexity has completed the sale of its property management activities to the investment firm Bridgepoint, on the basis of an enterprise value of E440m, a transaction announced last December.


The E400m in proceeds received by Nexity will be used to significantly accelerate its debt reduction trajectory (net debt stood at E776m at end-2023). Its liquidity will therefore be strengthened by this sale.

This transaction is accompanied by a six-year strategic partnership, renewable for a further four years, between Nexity and the new entity, aimed at perpetuating and amplifying existing synergies with the real estate group's development activities.


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