Business Immo, the real estate website

Marjolaine Alquier

Directrice de l’audit et du contrôle interne

Paul Arkwright

Director, Financial control and Financial communication

Philippe Boyer

Directeur de l'innovation

Elsa Canetti

Directrice des ressources humaines

Christine Daninthe-Larangé

Asset manager - Hotels & Murs d'exploitation

Leonardo Del Vecchio

Member of the Board

Christian Delaire

Administrateur indépendant

Clara Descours

Responsable communication produits

Myriam Despas

Secrétaire générale adjointe

Olivier Estève

Directeur général délégué Covivio

Franck Figuereo

Directeur de pôle projets

Jean-Éric Fournier

Directeur du développement durable

Laurie Goudallier

Chief Digital Officer et membre du comité de direction

Fabien Guisseau

Directeur de la Commercialisation

Christophe Kullmann

Directeur général

Stéphanie La Sala

Directrice Relation Locataire et Gestion Immobilière

Jean Laurent

Président du conseil d'administration

Gaël Lelay

Deputy Managing Director (DMD), Hotels

Joséphine Lelong-Chaussier

Directrice juridique corporate M&A

Géraldine Lemoine

Directrice communication

Céline Leonardi

Directrice de l'activité Coworking

Alice Lombard

Directrice administrative et financière de FDM Management

Yves Marque

Secrétaire général

Tugdual Millet

Directeur financier

Dominique Ozanne

Directeur général délégué

Bruno Paulino

Asset manager - Hotels & Hospitality Management

Olivier Piani

Administrateur indépendant

Elsa Pisaroni

Directrice du Développement Amont

Philippe Prud'Homme

Directeur régional Rhône Alpes Auvergne

Marine Renaud

Responsable de projets

Marielle Seegmuller

Directrice des opérations

Pierre Seguin

Head of Investments, Asset Management Department

Hugo Soussan

Investor Relations and Financial Communication Analyst

Office

“With the acquisition of Godewin, Germany becomes our 3rd office exposure”

Covivio has just completed a €1.2bn takeover bid for Godewin, a German listed real estate company specialising in office property. A strategic investment that (...)

Office

French Covivio to launch takeover offer for Godewind Immobilien

Paris-based REIT/SIIC Covivio announced its decision to launch a voluntary public takeover offer for all shares in Godewind Immobilien AG, a listed office property (...)

Office

Covivio and Crédit Agricole Assurances to extend Dassault Systèmes’ campus near Paris

REIT/SIIC Covivio, insurance group Crédit Agricole Assurances and Dassault Systèmes have announced the extension of the software editor’s campus, located in the Inovel Parc (...)

Office

Mipim Awards 2020: France leads the way with eight nominations

The finalists for the Mipim Awards 2020 have been unveiled and France comes first with eight projects presented in Cannes, compared to five from (...)

Housing

France's Tikehau Capital buys a €160m French residential portfolio from Covivio

According to BI sources, Tikehau Capital has just finalized the acquisition, for approximately €160m, of a 500 lots residential portfolio from Paris-based REIT/SIIC Covivio. (...)

Hospitality

"Covivio is now present in 12 countries and we intend to consolidate our position in Europe"

Having recently acquired a €620m pan-European hotel portfolio, Paris-based REIT/SIIC Covivio holds €6.9bn in hospitality assets (out of the €24bn assets held by the (...)

Office

French Covivio in portfolio adjustments worth €162m in Italy

French REIT/SIIC Covivio, in end-year portfolio adjustments worth €162m, has signed, in the fourth quarter 2019, agreements for the disposal of six office buildings (...)

Hospitality

French Covivio acquires a pan-European hotel portfolio for €620m

Paris-based REIT/SIIC Covivio has signed an agreement to acquire, through its Covivio Hotels unit, a pan-European portfolio of eight hotels for €573m (including works), (...)

Listed

Covivio's Beaudemoulin named new CEO of Germany's ADO Properties

The complex merger transaction between ADO Properties and Adler Real Estate has brought deep changes in the boards of ADO, with Covivio executive Thierry Beaudemoulin named new CEO. Five (...)

Listed

German ADO, Adler merger includes Consus to create €8.6bn residential listed giant

Germany is to get a new listed housing giant after Berlin's ADO Properties launched an agreed €708m bid for Adler Real Estate, also including Consus, to (...)

Hospitality

Blackstone enters Greek hospitality, acquiring five hotels for €179m

US giant Blackstone is entering Greek hospitality with the acquisition of five hotels on the Greek Islands from Cyprus-based Louis Group for an enterprise (...)

Office

France's Primonial adds 20,000 sqm Saint Denis office complex for €167m

Paris manager Primonial REIM has acquired the 20,000 sqm Green Corner office complex in Saint Denis, a northern suburb of Paris, from REIT/SIIC Covivio for a (...)

Housing

Berlin tops 2018 resi investment at €3.11bn, then Copenhagen, Paris, London - JLL

German capital Berlin attracted most multifamily investment last year, at €3.11bn, says JLL's European Multifamily Investment Report - followed by Copenhagen, Paris and London. The (...)

Listed

French Covivio 1H AUM up 2.8%; on track for full year despite lower net

Paris-based REIT/SIIC Covivio's portfolio value rose 2.8% in the first half and, despite lower net income at €355m, said it is well on its way to (...)

Hospitality

“Covivio has acquired a stake in 32 Accor hotels with significant value creation potential”

Business Immo: What does Covivio Hotels unit represent today? Dominique Ozanne: Today, Covivio's hotel business represents €6bn in assets, representing around 15% of our revenues. This activity (...)

Housing

Common approach not expropriation fantasies needed to solve Berlin's housing shortage

The initiative Expropriate German Housing & Combat Speculation aims to expropriate private homeowners with more than 3,000 apartments in Berlin. On the agenda are (...)

Listed

French Covivio 1Q pre-letting at 86%, revenue up 13.5% to €166m

Covivio, one of France's largest listed property groups, reported a first quarter average pre-letting of 86% on project deliveries, to €325m, while revenue rose (...)

Office

French Covivio sells €264m Italian office portfolio at exit yield of 4.9%

The French Covivio group is selling a portfolio of Italian offices for €263.5m at a net exit yield of 4.9% which include 10 assets in Milan, (...)

Finance

New actors on the European stage

“When it comes to equity, European real estate is like a busy nightclub – as soon as one group leaves, another seems to be (...)

Listed

France's REIT association elects Maryse Aulagnon as president

France's REIT/SIIC association FSIF has elected Maryse Aulagnon, founder of the Affine group, as president in succession to Covivio CEO Christophe Kullmann. FSIF (Fédération des Sociétés Immobilières et Foncières) represents around 35 real estate investment trusts that (...)

Listed

French Covivio boosts 2018 EPRA earnings 6.4% to €381m, 4.5% per shr

Giant French REIT/SIIC Covivio boosted 2018 EPRA earnings 6.4%yy to €381m group share, and 4.5% to €5.08 per share, exceeding guidance of 3%. In its results release, the firm (...)

Finance

Philippe Le Trung joins iread as senior advisor

Philippe Le Trung has joined iread as a senior advisor, responsible for developing Europe-wide expertise in the listed real estate sector. Philippe Le Trung, aged (...)

Hospitality

French Covivio completes disposal of non-strategic assets worth €482m

French REIT/SIIC Covivio has announced the sign-off of disposals worth €482m relating to budget hotels and retail assets. In a release, the Paris-based group said (...)

Office

BNP Paribas REIM buys 18,630 sqm office in Paris Chatillon-Montrouge

BNP Paribas REIM has acquired Le Carat 1, a two-building 18,630 sqm complex in the office district of the Chatillon-Montrouge in the south of Paris just outside (...)

Listed

French Covivio in portfolio adjustments worth €341m in Italy, Paris

French REIT/SIIC Covivio, in end-year portfolio adjustments worth €341m, has sold two offices and a retail property in Italy and acquired an office project in (...)

Office

France's Simi 2018 trade fair marks dawn of a new era

A few hours after the clapper board sounded the end of the 2018 edition of Simi, the French real estate community's annual trade fair, (...)

Finance

Italy's Generali aims to grow €30bn property AUM, 3rd-party funds - Mazzocco

Italy's Generali Real Estate aims to add €5bn to its €30bn in property assets over the next three years while significantly growing its fund (...)

Office

Spain’s Colonial looks forward to organic growth after busy 2018

Spanish office REIT/SOCIMI Colonial, after a takeover and a readjustment of capital this year, is looking ahead to delivering organic growth with a rise (...)

Office

Milan office in huge demand as occupier needs change fast

Supply of modern Grade A office real estate in Italy's business centre Milan is tighter than ever, but tracking shifting occupier needs is the (...)

Hospitality

Covivio Hotels targets seven Euro cities, profit over 30%, best use

French REIT/SIIC Covivio has pared hotel holdings to 400 and now targets seven European cities, operating profit of over 30% and cooperation with operators (...)

Listed

French Covivio ready to grow France/Italy office, Euro hotels, German resi

French REIT/SIIC Covivio, the renamed Foncière des Régions in the process of simplifying its structure, aims to expand in three focus segments, France/Italy office, (...)

Housing

Foreign ownership in French housing is no cause for concern

The participation of Germany's Vonovia and Zurich's Swiss Life in the winning bid for French SNCF's housing portfolio is good for Europe, good for France – (...)

Hospitality

European hotels eye doubled global middle class in 20 years - EPRA

European hotel investment has gone from a small sector to a mega-industry and, with the global middle class expected to double in 20 years, (...)

Office

Italy's Generali paid €200m for Paris, Brussels office assets - BIE sources

Italy's Generali Real Estate, part of the giant Trieste-based insurance group, invested around €200m to acquire a two-asset portfolio in Paris and Brussels from GLL Real (...)

Listed

After 1H rebranding, €1.7bn acquisitions, Covivio still has strong ambitions - Kullmann

French REIT/SIIC Covivio has had an eventful 2018 thus far, assuming a new identity and making a major move into the British hotel sector. Long-time CEO (...)

Hospitality

French Covivio unit closes €300m capital raise to finance UK hotel buy

French hotel REIT Foncière des Murs, a unit of the Covivio group, has completed a capital increase to raise €300m and support the group's £858m (€976m) acquisition (...)

Retail

French Immochan is second in week to change name, rebranding as Ceetrus

A second French property firm in a week has announced a change of name. Immochan, the manager and owner of shopping centres anchored by (...)

Listed

French Foncière des Régions renames as Covivio to reflect European reach

One of France's largest REIT/SIICs, Foncière des Régions managing €21bn in office, residential and hotel property, is changing its name to Covivio to reflect its truly (...)

Listed

French FdR in merger offer for Italy's Beni Stabili; to change name

Giant French REIT/SIIC Foncière des Régions is in talks with Italy's Beni Stabili, its 52.4%-owned Italian office unit, to merge the latter into the group on the (...)

Listed

Austria's Immofinanz rejects unsolicited US Starwood offer at €2.10 shr

Austria's listed property group Immofinanz has rejected an unsolicited partial offer for a 5% stake made by the US-based Starwood Capital group in parallel to a bid for (...)

Hospitality

French Foncière des Régions confirms talks to buy 14 British 4/5-Star hotels

Diversified French REIT/SIIC Foncière des Régions has confirmed it is in talks to acquire a portfolio of 14 British hotels from the US-based Starwood Capital group. The portfolio (...)

Finance

French Foncière des Régions boosts 2017 net 10% to €391m, sees favourable 2018

Diversified French REIT/SIIC Foncière des Régions last year raised net recurring income by 10% to €391m, and will propose a 2.3% dividend increase to (...)

Retail

Foncière des Regions signs €290m of non-strategic French retail disposals

France's third largest REIT/SIIC by assets, Foncière des Régions, has signed agreements to sell of nearly €290m of non-core properties, French retail, aiming to strengthen (...)

Finance

Inclusion of real estate in Italian individual savings should benefit REITs - Coima

The Italian 2018 budget's inclusion of real estate in PIR individual saving plans should bring more private capital into the sector and ultimately benefit (...)

Housing

Companies need to adapt as Europe enters new property cycle

Europe is entering a new property cycle after two decades of rises interrupted by the GFC, and client demands are shifting, says Paris-based consultancy ViewS+S. (...)

Hospitality

French FdR simplifies hotels, housing stakes prior to repositioning

French REIT/SIIC Foncière des Régions, which in recent years has branched out far beyond its initial office focus, is simplifying its structure, buying out partners (...)

Hospitality

Gold in Spanish resort hotels (2): Blackstone, Ruggieri move in

In the rush to tap into the booming Spanish tourism hotel business, US wealth manager Blackstone and France’s Ruggieri family are hot on the (...)

Hospitality

Gold in Spanish resort hotels (1): First mover Hispania tracked by Blackstone, Ruggieri

Gold has been discovered in Spanish resort hotels and REIT/SOCIMI Hispania is the first in the ‘rush’. But other fast movers are close behind. They include Blackstone, (...)

Finance

European public real estate in good shape, led by German resi, French/Spanish office

European public real estate markets are in good shape as our website goes live. German housing stocks are near highs, as are most of (...)