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Covivio

Hospitality 08/09/2020

Covivio buys eight hotels in Europe for €573 million

Covivio, through its subsidiary Covivio Hotels, has acquired the portfolio of eight hotels located in major European tourist destinations, in Rome, Florence, Venice (x2), as (...)

Listed 22/07/2020

Covivio’s offices and residential performances hold up in H1 2020, but hotels suffer from the crisis

Paris-based REIT/SIIC Covivio reported rental income of €302m for H1 2020 (vs €439m in H1 2019), up 1.9% on a like for like basis (...)

Listed 17/06/2020

Covivio priced a €500m 10-year Bond with a 1.625% coupon

Covivio priced a €500m 10-year Bond with a 1.625% coupon French REIT/SIIC Covivio has successfully priced its new Bond issue of €500m, maturing in (...)

Office 14/05/2020

Covivio sells Respiro property in Nanterre for €83m

Paris-based REIT/SIIC Covivio has announced the sale of Respiro, an 11,173 sqm office property in the Paris suburb of Nanterre, to two SCPI funds (...)

Listed 20/03/2020

"Covid-19: More than ever, we need to be able to listen and be agile"

Despite the coronavirus epidemic, Paris-based REIT/SIIC Covivio is continuing its takeover bid for the German company Godewind, which was launched in mid-February and in (...)

Finance 18/03/2020

Despite Covid-19, Covivio pursues its takeover bid for Godewind

In light of the Covid-19 epidemic, French REIT/SIIC Covivio reviewed its financial strength and confirms its recent strategic move into Germany. As such, the (...)

Office 17/02/2020

“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 14/02/2020

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 12/02/2020

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 30/01/2020

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 15/01/2020

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 10/01/2020

"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 08/01/2020

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 07/01/2020

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 16/12/2019

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 16/12/2019

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 24/09/2019

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 18/09/2019

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 30/07/2019

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 25/07/2019

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 (...)