Altarea Reports Financial Results and Activities for Q1 2025

Altarea has announced its Q1 2025 results, highlighting significant developments in its Residential and Retail sectors. The residential segment saw a notable rise in new orders, reaching 1,791 units, an increase of 6.2%. This was supported by the popularity of their new generation low-carbon housing, especially among first-time buyers. However, residential revenue fell sharply by 27.5%, attributed to the transition from previous to new products.

In the Retail sector, the attractiveness of Altarea's portfolio improved, with foot traffic and tenant revenue increasing. Meanwhile, new retail space initiatives continued, including success in securing retail operations in 45 Grand Paris Express stations.

Financially, Altarea's consolidated revenue dropped by 24.8%, primarily due to lower contributions from old residential products. Despite this, the group maintained strong liquidity of €1.8 billion after redeeming bonds early.