Covivo sells office property in Nanterre, France for €83m

Covivo sells office property in Nanterre,France for €83m

Covivio has sold Respiro, an 11,173 m² office property in Nanterre, to two SCPI funds managed by Atland-Voisin and My Share Company for €83 million.

The office property, which is located in Nanterre and was acquired by Covivio in 2013, underwent a complete refurbishment so it could accommodate a subsidiary of Vinci Construction France in 2015. Respiro holds dual certification: NF HQETM “Very good” and BREEAM® “Excellent”. It also has a BBC-effinergie label.

With this disposal, French listed company Covivio is reaffirming its objective of €600 million in sales for 2020. Since the start of this year, Covivio has signed disposals and agreements for disposals generating €369 million (€266 million GS), including €157 million in agreements signed since mid-March. For the most part, these sales apply to office properties in France and Italy.

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