French property company Nexity’s consolidated revenues reached €1.85bn in the first nine months of the year, 4.4% up from the same period’s 2011 total.
The group’s commercial properties accounted for €313.2m of the total, which represented a 23% increase compared with the same period last year.
Revenues from residential real estate grew by 2% to € 1.171bn during the period.
“In an environment where recession fears and continuing economic uncertainty sap investments, Nexity’s business performance confirms its resilience,” said the company’s chairman and chief executive, Alain Dinin.
“Active in a range of complementary business lines, leveraging the benefits of its new single brand since the beginning of the year, and backed by solid financial resources, the group remains confident in its ability to weather the current market downturn and take advantage of the future upturn in the real estate sector,” he said.
