Covivio
Real Estate · France · 501-1,000 Employees
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Overview
Headquarters
30 Ave Kléber, Paris, Ile-de-France, 750...Phone Number
+33 158975000Website
www.covivio.euRevenue
$1.6 BillionStock Symbol
FNCDYIndustry
ZI Rank: 2
Signal Type
Feb
Mar
Apr
May
Jun
Jul
ZI Rank
2
4
4
2
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2
About Covivio
Covivio, founded in 1963 and headquartered in Paris, France, is a European real estate investment and development company with operations across France, Italy, and Germany. The company specializes in commercial, residential, and hospitality property management, focusing on urban development projects and sustainable real estate solutions. As a publicly traded company, Covivio manages a diverse portfolio of properties while providing comprehensive real estate services to both business and consumer clients throughout Europe.Explore more
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Revenue
Number of Employees
Type
Funding
Founded In
Covivio
$1.6B
501-1,000
Public
-
1963
N/A
Company Profile Activity
Activity Insights
Covivio is experiencing very low activity levels compared to other companies in the Real Estate sector.
What does this means?
Covivio is drawing exceptional interest within the Real Estate industry, suggesting notable developments or strong market momentum, learn more about Covivio.
Covivio Tech Stack
A closer look at the technologies used by Covivio
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Most Recent Scoops
Project
Covivio has launched a value-add capex program targeting 20 hotel redevelopment opportunities, with 400 million euros of capex expected to generate approximately 260 million euros of value creation at a 13% yield on capex, aiming to more than double hotel EBITDA from 50 million euros to 102 million euros by 2030, with 15 projects currently ongoing.
Asset Management, Spending/Investment
Project
Covivio has renewed five hotel management contracts in Germany, partnering with operators including Radisson and Odyssey, while its in-house platform "with you" now manages 25 hotels and more than 3,400 rooms, representing approximately 10% of the portfolio.
Hospitality
Earnings
Covivio has reported hotel revenue growth of 3.2% on a like-for-like basis for H1, with variable revenue accelerating in Q2, strong performance in Spain driven by increased European tourism, and fixed rents up 1.2%, partially offset by a VAT increase in Belgium from 6% to 12%.
Earnings, Hospitality, Finance
Earnings
Covivio has reported a loan-to-value ratio of 38.6% and net debt to EBITDA of 10.5x, with 85% of debt hedged and an S&P BBB+ credit rating confirmed in April.
Business Finance, Finance, Financing & Debt
Earnings
Earnings, Forecasting, Finance
Covivio News & Media
White & Case advises on Covivio's acquisition of minority stake in Paris' CB21 tower
Global law firm White & Case LLP has advised a leading institutional investor in France on the sale to Covivio of its 25 percent minority stake in the CB21 tower in Paris. CB21 is an iconic 41-floor office tower in Paris-La Défense with a total floor area of 68,000 square meters. The White & Case team in Paris which advised on the transaction was led by partner Brice Engel and included associate Grégoire Baudry.Atypio Hotels expands its management portfolio with 12 hotels through Covivio partnership
Paris-based Atypio Hotels announces the launch of its partnership with Covivio Hotels (a subsidiary of Covivio), which has entrusted it with the management of 12 of its establishments located in Île-de-France and Occitanie (France). These new hotels, ranging from 2 to 4 stars, allow Atypio Hotels to expand its portfolio to 38 properties.Covivio and AccorInvest finalise consolidation deal ownership of the premises and businesses of their hotels for a total exchange value of almost €800M
Covivio has announced the completion of the process of consolidating the ownership of jointly owned hotel operating and property companies with AccorInvest. At the end of this operation, initiated at the end of 2023, Covivio holds full ownership of 43 hotels located in France, Belgium and Germany, and sells to AccorInvest 16 hotels in the same regions.Covivio and AccorInvest plan consolidating their hotel properties and business assets
Covivio announces that it has signed a memorandum of understanding with AccorInvest to consolidate the ownership of jointly owned hotel operating and property companies, in accordance with the terms defined at the start of exclusive negotiations in November 2023. The transaction is expected to close in the final quarter of 2024.
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Frequently Asked Questions Regarding Covivio
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Covivio, founded in 1963 and headquartered in Paris, France, is a European real estate investment and development company with operations across France, Italy, and Germany. The company specializes in commercial, residential, and hospitality property management, focusing on urban development projects and sustainable real estate solutions. As a publi... Read More
