25-10-2018

Activity at end-September 2018 – Sustained rental growth

 

Well-oriented rental markets

  • Offices: strong rental activity in Paris and Milan
  • German residential: a structurally sound and growing market
  • Hotels: continued growth momentum in Europe and in France more specifically

Sustained rental growth, +2.9% at a like-for-like scope at end-September

  • €772 million in rental income 100% and €461 million Group share, up 5.6% year-on-year
  • Rental income up 2.9% at a like-for-like scope for strategic activities
  • Offices: 2.3% growth at a like-for-like scope in France and 1.5% in Italy (+2.2% in Milan)
  • Residential: continued good rental momentum at +4.2%
  • Hotels : further growth (+3.8%) thanks to a 6.3% gain in variable rents

New advances in the growth of the development pipeline

  • €2.3 billion (€1.8 billion Group share) of projects should be committed in late 2018 and throughout 2019
  • Appointment of architect for 60,000 m² tower project on Alexanderplatz in Berlin

Merger with Beni Stabili approved by the General Meetings of both companies

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