"At the end of the afternoon, Réalités Chairman and CEO Yoann Choin-Joubert announced that his group had voluntarily entered into receivership proceedings with the Nantes Commercial Court, with a six-month observation period. The procedure affects both the main holding company, Réalités Maîtrise d'ouvrage - a subsidiary grouping together its development activities - and some twenty companies with programs already delivered. Real estate programs under construction are not affected.