Covivio

Covivio
Company typeReal estate investment trust
Euronext: COV
CAC Mid 60 Component
IndustryCommercial Real Estate
Residential Real Estate
Founded2000
HeadquartersMetz, France
Key people
Christophe Kullmann (CEO)
Jean-Luc Biamonti(Chairman)
Olivier Estève (Deputy CEO)
Revenue968 M€ (2022)
Number of employees
1054
DivisionsCovivio Hotels / Covivio Immobilien / Covivio SGP
Websitewww.covivio.eu/en/

Covivio is a French property management company[1] founded in 1998. Its activities are divided between the office property sector (54%), the residential sector (30%) and the hotel sector (16%).[2]

Covivio's assets are valued at €24.8 billion.[3][4][5]

Covivio was born in 2018.[6] It is the new name of Foncière des Régions,[7] which was created in France in the early 2000s. The Covivio identity brings together all the group's activities in Europe:[8]

  • Offices in France and Italy following the merger with its Italian subsidiary Beni Stabili in December 2018. Covivio has also been active in the office market in Germany since 2018. Offices account for 54% of Covivio's portfolio.
  • Residential in Germany via its subsidiary Covivio Immobilien. Covivio Immobilien is a real estate investment company specialising in the ownership, development and management of residential assets. Residential property in Germany accounts for 30% of Covivio's assets.
  • Hotels in Europe via its subsidiary Covivio Hotels. Created in 2004, Covivio Hotels specialises in owning hotel properties. It is now the leader in hotel property investment in Europe.[9] Hotel property accounts for 16% of Covivio's assets.

Finally, in 2017, Covivio created Wellio, an offer dedicated to flexible offices and coworking.

  1. ^ Moniteur, Le (2023-07-21). "Bureau : ces foncières connaissent des trajectoires différentes" (in French). {{cite journal}}: Cite journal requires |journal= (help)
  2. ^ "Covivio publie ses résultats du 1er semestre 2023". Hospitality ON (in French). Retrieved 2023-09-22.
  3. ^ "Covivio, une foncière réactive face aux difficultés du secteur des bureaux". Investir (in French). 2023-07-20. Retrieved 2023-09-22.
  4. ^ "Covivio rehausse son objectif de résultat net récurrent 2023". Capital.fr (in French). 2023-07-21. Retrieved 2023-09-22.
  5. ^ "Covivio : va tenter de renouer avec les 44,65E". ABC Bourse (in French). Retrieved 2023-09-22.
  6. ^ "Foncière des Régions devient Covivio mais ne change pas de stratégie". La Tribune (in French). 2018-05-29. Retrieved 2023-09-22.
  7. ^ "FONCIERE DES REGIONS s'est rebaptisé Covivio". Capital.fr (in French). 2018-05-30. Retrieved 2023-09-22.
  8. ^ "Foncière des Régions devient Covivio". Les Echos (in French). 2018-05-29. Retrieved 2023-09-22.
  9. ^ "Une foncière en croissance". Investir (in French). 2023-09-03. Retrieved 2023-09-22.