Covivio gained more than 2% on the Paris Bourse on Friday morning, after announcing the sale of more than 27,000 m2 of assets in the Paris region over the past six months.

The French property management company reports that it has leased more than 6,000 m2 of office space to the engineering group Spie at its So Pop office building in Paris-Saint-Ouen.

Covivio has also signed a 10-year, six-month lease with an independent French construction group for almost 7,900 m2 of space in its Urban Garden building in Issy-Les-Moulineaux.

It has also sold over 9,000 m2 in six months in Maslö, its completely restructured building in Levallois-Perret, focused on the well-being and fulfillment of its occupants, which was delivered at the beginning of the year.

For the real estate group, these signatures testify to the attractiveness of its projects and the interest of companies in its well-located, accessible and environmentally efficient buildings.

Covivio's occupancy rate for its office portfolio in France has risen to 94.5%, compared with 94.1% at the end of 2023 and 92% in June 2023.

These figures reassure investors worried about the crisis currently rocking the commercial real estate segment, weakened by the recent rise in interest rates and the emergence of telecommuting, which means that demand has still not returned to pre-Covid levels, resulting in historic vacancy rates.

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