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Covivio

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 (...)

Hospitality 02/07/2019

“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 07/05/2019

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 25/04/2019

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 23/04/2019

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 18/04/2019

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 17/04/2019

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 21/02/2019

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 20/02/2019

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 17/01/2019

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 21/12/2018

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 20/12/2018

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 11/12/2018

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 28/11/2018

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 12/11/2018

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 19/10/2018

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 19/10/2018

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 (...)