CBO Territoria achieved a turnover of 103 last year,6 million euros, down 6,4% compared to the previous year. “A high level of turnover which demonstrates our resilience”, commented its CEO Eric Wuillai. La Mare society was impacted by confinement from March to May 2020, which led to construction site delays and commercial postponements. However, she welcomes the limited effects of the health crisis on the rest of the year.. CBo activity fell by 21,9% in the first half, before recovering in the second (+5,6%).
The turnover of real estate development amounted to 78,8 M€ (-6,2%). Sales in private homes (24,6 millions) grew by 31% but fell by more than 60% in social housing (6,7 millions). In the tertiary sector, they fell by 29%, suffering from the comparison with the peak of activity recorded in 2019 with the production Leroy Merlin du Port. Sales of building land (28 millions) for their part increased by 35%.
CBo's real estate activity, for its part, fell by 4,3%, at 20,8 million euros. It is essentially made up of tertiary rental income. (17,4 millions, stable due to lack of new commissioning). As of December 31, the company's tertiary assets represented 87,900 m2, with an occupancy rate of 96%. Rents from housing assets fell by 29%, following the sale of 222 housing units. As of December 31, CBo, which is refocusing on tertiary real estate, only had 319 homes left.
CBo Territories : €103 million in turnover in 2020
