Nexity
| Nexity SA
|
|
|---|---|
 |
|
| legal form | Société Anonyme |
| ISIN | FR0010112524 |
| founding | 2000 |
| Seat |
Paris , France
|
| management | Alain Dinin (Chairman and CEO) |
| Number of employees | ~ 10,000 |
| sales | 4.1 billion euros |
| Branch | property |
| Website | www.nexity.fr |
| Status: 2018 | |
Nexity is a French company in the real estate sector .
Background and story
The company has its roots in the construction company Férinel , which withdrew from the construction business for industrial buildings in 1974 and henceforth focused on the residential property business. This restructuring took place at the instigation of Bernard Arnault , who after joining the family business had convinced his father to turn the main focus from the construction business to the real estate business. The company expanded within France and invested in Paris, among other places. In 1995 the conglomerate Compagnie Générale des Eaux (CGE) took over a large part of Férinel's real estate activities. But soon afterwards, the various activities in a wide variety of industries brought the company into trouble, so that the company underwent a massive restructuring. The real estate business was concentrated in the newly founded subsidiary Compagnie Générale d'Immobilier et de Services (CGIS) and was sold a little later by the main group CGE, which from then on mainly concentrated on its media activities under the name Vivendi.
As an independent real estate company , CGIS ran into problems around the turn of the millennium and had to sell its holdings in the hotel chains Accor and Pierre et Vacances to competitor Unibail . After a management buyout around Stéphane Richard and Alain Dinin in 2000, the company changed its name to Nexity . Under the leadership of Dinin, who took over the management in 2003, the company went public in 2004 , where it was later listed in the CAC Mid 60 and Next 150 .
In 2020, Nexity will be Europe's largest listed residential real estate developer. In March 2020, the company entered the German real estate market with the takeover of 65% of the company shares in Pantera AG ( Cologne ).
Web links
Individual evidence
- ↑ Nexity: Gouvernance d'enterprise accessed on March 25, 2019
- ↑ Nexity: Groupe accessed on March 25, 2019
- ↑ Nexity takes a stake in Pantera: French real estate group buys in Germany , Handelsblatt from March 9, 2020, accessed June 8, 2020
- ↑ French Nexity takes a 65% stake in Pantera AG , Polis-Magazin from March 9, 2020, accessed June 8, 2020