24-04-2019

First quarter 2019: Steady asset rotation and revenue growth

  • Steady asset rotation
    • Launch of a new building on Symbiosis in Milan: 20,000m² in offices already 30% pre-let
    • €325m Group share of deliveries scheduled in 2019, 86% pre-let on average.
    • Pursuit of asset disposals: €360,5m Group share of new commitments, of which more than 70% in Italy

 

  • Solid like-for-like revenue growth of +3.3%
    • Revenue Group share: €166.0m, up +13.5%, and +3.3% at a like-for-like scope
    • France Offices: +4.2% like-for-like
    • Italy Offices: +1.0% like-for-like
    • Germany Residential: +4.1% like-for-like
    • Hotels in Europe: +1.2% like-for-like

 

  • S&P upgraded the financial rating of Covivio to BBB+, outlook Stable

 

  • 2019 General Meeting: Scrip dividend option and developments concerning the Board of Directors
    • Approval of the scrip dividend option with a subscription price of €81.29
    • Renewal of the term of Jean Laurent as Chairman of the Board of Directors
    • Appointment of two new Independent Directors, Christian Delaire and Olivier Piani

 

 

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