Shopping centre developer Apsys reports a 28.2% increase in first-half revenue, including 14.5% on a like-for-like basis. According to the group, these figures outperform the wider market.
The Neyrpic shopping centre near Grenoble – Apsys
Apsys noted that its results exceed the national Quantaflow index by 13.4 points. Like-for-like footfall is said to be up 8.3%, whereas the Quantaflow index indicates that footfall in French shopping centres is levelling off. Apsys noted peaks in May (+12%) and April (+11%).
“These results reflect the collective commitment of our teams, who combine high standards and creativity on a daily basis,” said chairman and founder Maurice Bansay. “Their work translates into rigorous management, a targeted leasing strategy and bespoke programming, enabling each centre to meet local expectations while asserting a strong identity.”
These strong results follow Apsys’s announcement in February of the appointment of a new managing director. Céline Poix, who previously worked for Compagnie de Phalsbourg, has succeeded Manuel Tessier in this role.
Apsys states that it manages a portfolio of 32 shopping centres in France and Poland, valued at 4.7 billion euros. The portfolio includes Beaugrenelle, Boom Boom Villette and Le Dix Solférino in Paris, Neyrpic (Grenoble), Muse (Metz), and Steel (Saint-Étienne).
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