Consolidated Revenues of CBo Territoria in 2024

CBo Territoria announced its financial results for the year 2024, showing an overall decrease in consolidated revenues of 21.5% compared to 2023, reaching €66.6 million. The tertiary property company nevertheless grew by 8.8% thanks to solid momentum and development in Reunion and Mayotte. IFRS gross rental income reached €26.6 million, supported by the delivery of new assets such as the Ylang Ylang shopping center.

On the other hand, the residential development sector saw a decline of 33.8%, due to the end of the Pinel scheme. Retail sales fell by 68.1%, generating only €6.1 million. Bulk sales remained at €22.7 million, while sales of building plots showed resilience at €9.1 million, despite more difficult access to credit for buyers. The group remains vigilant about launching new projects, prioritizing operations on its own account.