Report
Florent Laroche-Joubert

Covivio : A robust quarter at the operating level and in terms of the transformation

>Robust asset rotation in Q1 2019 - With sustained asset rotation in Q1 2019, Covivio is also making progress in terms of its strategic targets, by beefing up its presence in major European cities and by meeting strong demand for new space. The signed disposals stood at € 360m group share for an average yield of 5.7% and a margin of 2.5% on the latest appraisal values.They include:Italy: a commitment to sell on a portfolio of mature and non-core assets for €...
Underlying
Covivio SA

Fonciere des Regions is a long-term real etaste investor with a focus on office assets. Co.'s portfolio includes investment properties and properties under development. Co. holds a range of real estate assets, to collect lease payments and benefit from appreciation in the assets held. Co.'s activities can be divided into five segments: Office Markets in France; Office Markets in Italy; Logistics; Business Premises; and Car Parks.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Florent Laroche-Joubert

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