Nexity

Nexity posted a current operating profit of €12 million for the first half of 2026, up from €6 million a year earlier, and confirmed its full-year guidance for improved profitability and ongoing deleveraging. Revenue for the New Nexity scope fell 18% to €1.057 billion, driven by a 22% decline in the Planning and Development division, while the Services business held steady at €198 million. Residential reservations totaled 3,858 units, with retail sales down 9% in a market that contracted 15%, and the backlog stood at €3.6 billion. Net debt before lease liabilities rose to €394 million at end-June, while liquidity remained solid at over €560 million. The company also highlighted two large-scale urban regeneration projects and a proposed strategic partnership with Groupe BPCE in new-home distribution.

Groupe BPCE and Nexity have entered exclusive negotiations to form a strategic partnership in the distribution of new and renovated homes in France. The dual transaction involves launching a joint venture, 51% owned by Nexity and 49% by BPCE, to select, acquire, and structure real estate programs from developers, and consolidating Nexity's iSelection distribution operations within Banque Populaire and Caisse d'Epargne banks. The joint venture will market homes through BPCE Solutions immobilières and the iSelection and Perl partner networks, targeting investors and first-time buyers. The partnership aims to boost sales for developers and offer exclusive, high-quality programs, with operations expected by January 1, 2027.