COVIVIO COVIVIO 2021 Q3 ACTIVITY
POSITIVE DYNAMICS
ACROSS ALL ACTIVITIES
SUMMARY
- Offices: acceleration in letting activity & success of the development pipeline
- German residential: pursuit of the growth
- Hotels: recovery is starting
- Well on track on the disposals program
- Acknowledged ESG commitment
- 9 Months 2021 revenues
- 2021 outlook
IN LETTING ACTIVITY THE DEVELOPMENT
Paris - SO POP
OFFICES MARKET - FRANCE / ITALY / GERMANY
Letting activity is catching up in Q3 in all our markets
Greater Paris Milan Top German cities1
406,000 m² | 92,000 m² | 823,000 m² | ||
Take-up | Take-up | Take-up | ||
+66% | +177% | +30% | ||
Q3 2021 vs Q3 2020 | Q3 2021 vs Q3 2020 | Q3 2021 vs Q3 2020 |
1,207,880 m² | 267,000 m² | 2,077,000 m² |
Q1-Q3 2021 | Q1-Q3 2021 | Q1-Q3 2021 |
+32.3% vs Q1-Q3 2020 | +40.1% vs Q1-Q3 2020 | +16.2% vs Q1-Q3 2020 |
Sources: JLL, Savills, CBRE
1Top 6 German cities : Berlin, Munich, Hamburg, Frankfurt, Düsseldorf and Cologne.
4
134,000 M² OFFICES LET IN 2021 OF WHICH 53% IN Q3
134,000 m² let
at end-September…
New lettings
38,920 m²
Of which 14,460 m² in Q3
Pre-letting
71,740 m²
Of which 52,020 m² in Q3
…in mostly Grade A assets… | …partnering with best in class | |
global companies | ||
9,100 m² | |||||
Symbiosis D - Milan | Silex² - Lyon | 2,400 m² | 1,800 m² | ||
8,400 m² let in 2021 | 2,400 m² let in 2021 | ||||
38,000 m² | 10,500 m² |
SO POP - Paris Saint-Ouen | Jean Goujon - Paris | |
10,500 m² let in 2021 | 3,700 m² let in 2021 |
3,900 m² | 3,700 m² |
Sold to end-user
23,230 m²
Of which 4,000 m² in Q3
Symbiosis F - Milan
19,000 m² let in 2021 | 19,000 m² | 5 |
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Covivio SA published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2021 16:23:02 UTC.
