on REALITES (EPA:ALREA)
Extension of the observation period for REALITES
On August 26, 2025, REALITES announced that it had obtained a six-month extension to its observation period as part of a receivership procedure. The Nantes Commercial Court authorized this extension to allow REALITES and three of its main subsidiaries to submit a recovery plan.
This decision received support from the procedural bodies and employee representatives. REALITES has successfully consolidated its cash position by €6 million through the reorganization process and asset sales. Efforts are underway to relaunch several real estate projects in collaboration with co-developers.
CEO Yoann Choin-Joubert sees this period as crucial for finalizing the recovery plan. REALITES plans to present this plan in the fall, hoping for approval by December.
R. P.
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