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Covivio

#2309

Rank

$6.68B

Marketcap

FR France

Country

Covivio
Leadership team

Mr. Christophe Kullmann (CEO & Director)

Mr. Olivier Francois Joseph Estève (Deputy Chief Exec. Officer)

Mr. Paul Arkwright (CFO, Director of Financial planning, Control & Communication and Exec. Officer of IR)

Products/ Services
Hotel, Internet of Things, Real Estate, Real Estate Investment, Residential
Number of Employees
500 - 1000
Headquarters
Paris, Ile-de-France, France
Established
2000
Net Income
1B - 20B
Revenue
500M - 1B
Traded as
COV.PA
Social Media
Overview
Location
Summary
A preferred real estate player at the European level, Covivio is close to its end users, capturing their aspirations, combining work, travel, living, and co-inventing vibrant spaces. A benchmark in the European real estate market with ?25 Billion in assets, Covivio offers support to companies, hotel brands and territories in their pursuit for attractiveness, transformation and responsible performance.
History

Foncière des Régions ) is a holding company of real estate investment companies that own residential and commercial properties in 8 countries . Its business comes from the rental and leasing of properties , over 70% of which is office space in France and Italy . Its biggest clients are major companies, the largest of which is France Telecom, which rented half of Fonciere's office space in France . Other major customers are Telecom Italia and Electricite de France and IBM. The company has a 15% interest in France's biggest business park developer, Altarea SCA. Most properties are under its control; however, there are also about 60 properties that it has a minor stake in . Widely recognized properties include one of France's tallest skyscrapers Tour Gan and Carré Suffren in Paris.Other assets include parking lots , retirement homes, warehouses hotels, medical facilities, and business parks .

In August 2010 in a joint venture with France's largest bank Credit Agricole, it acquired 48 European hotels from hospitality company Accor. The deal was worth 367 million euro.

After acquiring 35% of Italian real estate company Beni Stabili from Italian company Delfin it purchased the rest of it in 2007. It was Fonciere's single largest investment in Italy bringing its asset portfolio there to €4 billion.Altogether the company had a market value of between €3.5 and €3.9 billion in 2010.Fonciere des Regions was created in 1963 as Garages Souterrains de Metz an operator of underground garages/parking lots.

Most growth happened in the 21st century beginning with key acquisitions and leaseback agreements with EDF, AXA, AGF between 2000 and 2004. In 2000 it acquired housing developer Sovakle. In 2004 the division dealing with hotels, Foncière des Murs was formed.

Fonciere des Regions's largest shareholder is currently Italian Delfin with a nearly 30% stake.In 2018, Foncière des Régions became Covivio.

Mission
Covivio’s mission is to be the leading real estate specialist in Europe, providing long-term value and sustainability to our clients and partners.
Vision
Covivio aims to create value for our investors, clients and partners by focusing on long-term growth, innovation and sustainability.
Key Team

Mr. Yves Marque (COO, Chief Corp. Officer & Sec. of the Board)

Mr. Didier Guion (Technical Director)

Ms. Marjolaine Cecile R. Alquier de l'Épine (Head of Risks, Compliance & Internal Controls)

Ms. Géraldine Lemoine (Chief Communication Officer)

Ms. Elsa Canetti (HR Director)

Ms. Marielle Prioult Seegmuller (Director of Operations France Offices)

Ms. Laurie Goudallier (Chief Transformation Officer)

Recognition and Awards
Covivio was recognised as the Best Sustainable Investor at the 2019 EPRA Awards and was included in the ESG-Euronext Corporate Sustainability Index for the third consecutive year.
References
Covivio
Leadership team

Mr. Christophe Kullmann (CEO & Director)

Mr. Olivier Francois Joseph Estève (Deputy Chief Exec. Officer)

Mr. Paul Arkwright (CFO, Director of Financial planning, Control & Communication and Exec. Officer of IR)

Products/ Services
Hotel, Internet of Things, Real Estate, Real Estate Investment, Residential
Number of Employees
500 - 1000
Headquarters
Paris, Ile-de-France, France
Established
2000
Net Income
1B - 20B
Revenue
500M - 1B
Traded as
COV.PA
Social Media