Covivio, formerly Foncière des Régions, is a European investment and development company with business activities encompassing office real estate (46%), hotels (26%) and residential accommodation (26%). Europe’s fourth-largest real estate investment trust (REIT), its portfolio is worth an estimated €23 billion. Two thirds of the portfolio is divided between Paris, Berlin and Milan, with an occupancy rate of 98.1%.

Covivio’s strategy is to develop partnerships with cities and corporations, such as Suez, Thales, Dassault Systèmes, Orange S.A., EDF, Accor Hotels, Telecom Italia, IHG and B&B Hotels. The group invests and develops both up and down the real estate value chain and can draw on a European development pipeline of €6 billion (€1.6 billion of committed pipeline at end 2018) to support its growth plans. Sixteen percent of this pipeline consists of mixed projects that involve several real estate products.