Covivio
European property company
From Wikipedia, the free encyclopedia
Covivio (formerly Batibail and Foncière des Régions) is a French real estate company founded in 1998.
Residential Real Estate
 | |
| Company type | Real estate investment trust |
|---|---|
| Euronext: COV CAC Mid 60 Component | |
| Industry | Commercial Real Estate Residential Real Estate |
| Founded | 1998 |
| Headquarters | Paris, France |
Key people | Christophe Kullmann (CEO) |
Number of employees | 1054 |
| Divisions | Covivio Hotels / Covivio Immobilien / Covivio SGP / Wellio |
| Website | www |
History
Batibail was created in 1998 in Metz by Charles Ruggieri.[1][2]
In 2002, the company was renamed Foncière des Régions.[2]
In 2004, it took control of the property company Bail Investissement, which according to Le Monde has assets worth €1.5 billion.[3]
In 2007, it acquired Beni Stabili, a major player in the Italian real estate market, as well as the CB21 Tower.[2][4]
The following year, during the 2008 financial crisis, the office market collapsed, with the La Défense business district near Paris particularly hard hit.[5][6]
In 2014, it sold logistics assets worth €473 million to the American investment company Blackstone.[7]
In 2016, it was one of Europe's leading real estate companies, with assets estimated at €19 billion.[8]
In 2018, Foncière des Régions became Covivio.[9][10]
In mid-2019, it reported sales of €339 million and property assets of €23.2 billion.[11][12][13]
From the health crisis between 2020 and 2021, the real estate company will continue to diversify its business.[14]
In 2024, Covivio announced sales of €508.8 million for the first nine months of the year.[15]
Business model
Activities
The company has three core businesses: offices, which will account for 50% of its total portfolio by mid-2024, residential in Germany (30%) and hotels (20%), with a total portfolio of €6.9 billion.[1][2][16][17][18]
Shareholding
List of main shareholders as of September 2025.[19]
| Delfin S.à.r.l | 28,03 % |
| Crédit Agricole Assurances | 8,11 % |
| Groupe Covéa Finance | 7,52 % |
| Assurances du Crédit mutuel | 7,31 % |
| BlackRock | 5,05 % |
| Public | 43,23 % |