Half-year results 2024: solid growth for CBo Territoria

CBo Territoria has published its 2024 half-year results, showing significant growth. Gross tertiary rents increased by 8.3%, reaching €14.0 million. Recurring net income increased by 18.4%, supported by the tertiarization of the assets. The delivery of offices for France Travail in Combani marked this half-year.

Real estate development revenues decreased by 25.5%, mainly due to the end of programs eligible for the Pinel Dom scheme. Despite this, the development margin remained solid at 14.9%.

The company's financial situation remains stable with a revalued net asset value of €241.0 million. CBo Territoria forecasts growth of more than 6% in gross tertiary rental income for the year.

The pipeline of projects under development amounts to €70 million, with €23 million to be launched in the next 12 to 18 months. This outlook demonstrates the company's confidence in its ability to seize new growth opportunities.