Apsys Soars Ahead with Double-Digit Growth Beating Market Trends

Apsys, a prominent shopping centre developer, has reported impressive financial results for the first half of the year, showcasing significant growth across its operations. The company announced a substantial 28.2% increase in first-half revenue, with a solid 14.5% rise on a like-for-like basis. These figures not only reflect robust performance but also significantly outperform the broader market trends, positioning Apsys as a leader in its sector.

Further demonstrating its market outperformance, Apsys noted that its results exceeded the national Quantaflow index by a remarkable 13.4 points. This strong showing is particularly evident in footfall figures, with like-for-like footfall increasing by 8.3%. This contrasts sharply with the Quantaflow index, which indicates that footfall in French shopping centres is generally levelling off. Apsys experienced notable peaks in visitor numbers during specific months, recording an 11% increase in April and an even higher 12% jump in May, underscoring strong consumer engagement with its properties.

Commenting on these exceptional results, Maurice Bansay, chairman and founder of Apsys, attributed the success to the dedicated efforts of his team. “These results reflect the collective commitment of our teams, who combine high standards and creativity on a daily basis,” he stated. Bansay elaborated that their hard work translates into several key strategic pillars: rigorous management practices, a highly targeted leasing strategy designed to attract compelling tenants, and bespoke programming tailored to each centre. This comprehensive approach enables individual centres to effectively meet local expectations while simultaneously reinforcing a strong, distinctive identity within their communities.

These strong half-year results follow a significant leadership announcement made by Apsys in February, which saw the appointment of Céline Poix as the new managing director. Poix, who previously held a position at Compagnie de Phalsbourg, succeeded Manuel Tessier in this crucial role. Apsys currently manages an extensive and valuable portfolio comprising 32 shopping centres spread across France and Poland, with the entire portfolio estimated to be valued at 4.7 billion euros. Key properties within this portfolio include iconic locations such as Beaugrenelle, Boom Boom Villette, and Le Dix Solférino in Paris, along with Neyrpic in Grenoble, Muse in Metz, and Steel in Saint-Étienne.