Following the sale of its Polish subsidiary, as part of the refocusing of its development activities in France, French real estate group Nexity announced the disposal of its activities in Portugal to Orion European Real Estate Fund V, a real estate fund managed by Orion Capital Managers.
“These two disposals are perfectly in line with the strategy of reallocating capital to activities in France, in accordance with the timetable announced by Nexity in February 2023 at the time of its annual results. The proceeds from the disposals and the reduction in working capital requirement generated by the extinctive management of the remaining international operations will help to reduce the Group’s debt and finance our operations in the field of sustainable cities,” said Véronique Bédague, Chairwoman and CEO of Nexity.
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