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CBO TERRITORIA: LAUNCH OF A 29-PLOT HOUSING DEVELOPMENT IN MARIE-CAZE, IN THE NORTH-WEST OF REUNION ISLAND, NEAR THE BEACHES

CBO TERRITORIA: LAUNCH OF A 29-PLOT HOUSING DEVELOPMENT IN MARIE-CAZE, IN THE NORTH-WEST OF REUNION ISLAND, NEAR THE BEACHES
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CBO TERRITORIA: 2020 revenue of EUR 103.6 million (down 6.4%), a strong performance given the impact of the first lockdown and a high base for comparison in Property Development in 2019


CBO TERRITORIA: 2020 revenue of EUR 103.6 million (down 6.4%), a strong performance given the impact of the first lockdown and a high base for comparison in Property Development in 2019
Property Investment: €20.8 million, up 0.6%, excluding block sales of homes and including lockdown-related rent relief
Property Development: €78.8 million, down 6.2%, with a firm contribution from block sales of homes and a further increase in building plots
We achieved strong revenue in 2020, which shows our resilience given the impact of the first lockdown. In La Réunion, which has so far been relatively unaffected by Covid-19, our Property Investment business achieved slight growth at constant scope, not including assets due to be integrated in 2021. Property Development business levels ended a peak, with a very strong second half that partly made up for the slowdown in business in the first. The breakdown of our Property Development sales suggests that our margins increased in ....

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