ATENOR S.A.
1.07
EUR
+0.01
(+0.95%)
ATENOR S.A.
LSE:0NG6
(London Stock Exchange)
Recent
price
1.07
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Atenor SA operates as a leading real estate developer focused on sustainable mixed-use urban projects, including offices, residential spaces, retail outlets, public facilities and commercial areas; it transforms obsolete buildings and brownfields through a value creation cycle driven by its in-house Research and Development department, Archilab. The company develops large-scale residential and non-residential properties such as apartments, office complexes and conference centers, with key ongoing projects encompassing the Realex Conference Centre (Brussels), Campus (Luxembourg), Campo Grande and Oriente (Lisbon), Pulsar (Düsseldorf), WellBe (Portugal) and Up-Site (Bucharest). Atenor serves private individuals, businesses, public authorities, investors and companies via local teams, real estate agents and tenant collaborations across core markets in Belgium, Luxembourg, the Netherlands, France, Germany, Portugal, Poland, Hungary, Romania, the United Kingdom and the Netherlands. Founded in 1910 and headquartered at Avenue Reine Astrid 92 in La Hulpe, Belgium, Atenor is listed on Euronext Brussels (ATEB.BR) and maintains an international presence with local teams in major cities including Brussels, The Hague, Luxembourg City, Paris, Lisbon, Düsseldorf, Warsaw, Budapest, Bucharest and London. In March 2025, Atenor completed a 45.3 million euro capital increase via accelerated private placement at 2.62 euros per share from key shareholders including 3D NV, Luxempart S.A., Vandewiele Group NV and others, bolstering its balance sheet and supporting its three-year strategic plan launched that month, which prioritizes residential portfolio value realization through partnerships, targeted office development in core markets, gradual reduction of Central European office exposure, debt reduction and profitability recovery. Recent operational progress includes delivery of 197 apartments at Lake 11 (Budapest) and 149 at Up-Site (Bucharest) by Q3 2025, enabling 38.4 million euros in bank debt repayment; construction advancements on multiple projects like Realex (VEFA signed June 2024), Campus and Campo Grande; a building permit for Move’Hub (Brussels); a second leasing contract at Com’Unity (Paris); Heads of Terms for Pulsar serviced apartments; and an exceptional 98-99.37% GRESB 2025 score recognizing ESG leadership. Further, Atenor repaid 80 million euros in bond debt in May 2025 and targets at least 75 million euros additional net debt reduction in 2025 via project-level refinancing, asset disposals and cost discipline, alongside appointing Caroline Tubeuf as Group Legal Director and Janos Martin as Country Director Hungary.