24-10-2019

Activity at end-September 2019: 10.8% growth in revenue

Strong revenue growth

  • Revenue of €775 million and revenue Group share of €511 million, up +10.8% and +2.8% like-for-like
  • France Offices: +3.2% like-for-like
  • Italy Offices: +1.2% like-for-like
  • Germany Residential: +4.0% like-for-like
  • Hotels in Europe: +1.8% like-for-like

Successful development

  • Pre-letting of 5,000 m² of offices by Siemens in the building IRO, located in the Malakoff-Montrouge-Chatillon business district
  • Delivery of 6,500 m² of offices in Milan on via Principe Amedeo, 100% pre-let
  • Delivery of Meininger Hotel Porte de Vincennes with 249 rooms, the first Meininger in France

Non-financial rating: A1+ maximum score obtained from Vigeo-Eiris

  • Covivio is ranked 1st in its sector and 7th across all sectors in Europe and worldwide

Successful issue of the second Green Bond of €500 million

  • 12-year maturity and 1.125% coupon
    Improvement in the average cost of debt and the maturity

 

 

Press release:

Download press release

 

Contact:

Press Relations

Géraldine Lemoine

Tél : + 33 (0)1 58 97 51 00

geraldine.lemoine@covivio.fr

 

 

Laetitia Baudon

Tél : + 33 (0)1 44 50 58 79

laetitia.baudon@shan.fr

Investor Relations

Paul Arkwright

Tél : + 33 (0)1 58 97 51 85

paul.arkwright@covivio.fr