published on 02/25/2021 at 10:15 p.m.
Credit Photo © For newcomers
(Boursier.com) – The Group new arrivals recorded 2020 revenue of 69.5 million euros, down -16.3% (-13.6 ME) compared to 2019.
This downturn concerns the three divisions of the Group. It can be explained by the impact of the health crisis – which was only partial on first half sales – coupled with the specific dynamics of the various activities of the Group.
In Asset Management, Private Banking & Distribution, the drop in turnover is -11% or -4.6 ME. SCPI inflows decreased by -25% in 2020 and the decline in activity is even more marked in Private Banking. This was partly offset by the fact that Advenis REIM made 325 ME of investments in Europe in 2020.
Real Estate Services saw a marked decline in their turnover of -22.8% or -5.2 ME. It is explained both by the impact of the health context on the advisory and transaction activity, and by the disposals of buildings, which generated significant exceptional transaction fees in 2019, and lower recurring fees in 2020. .
The turnover of the Real Estate Production division fell by -20.2% (or -3.8 ME).
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