Overview
Covivio is a European real-estate owner, investor and operator, with core activities in offices, German residential property and hotels. Its office portfolio is concentrated in France, Italy and Germany, while its hotel portfolio extends across 11 European countries. The company also offers flexible-office spaces under its Wellio concept.[1][2][3][4]
Covivio describes its purpose as “Build sustainable relationships and well-being.” Its current identity dates to 2018, when Foncière des Régions adopted the Covivio name and brought its European teams under a common brand.[5]
For the year ended 31 December 2025, revenue was €705 million at group share (€1,059 million at 100% ownership). At year-end, the company reported 963 permanent employees, in addition to temporary, minijob and CAP positions.[6][3] [1][2][3][4][5][6][3]
Products & services
Covivio’s workplace offerings include conventional leased offices and flexible workspace under the Wellio brand. Wellio provides private offices and meeting and event spaces, with customizable, turnkey options that can include space planning, fit-out, IT, furnishings and related services.[7][8]
In hotels, Covivio provides investment, development and asset-management services, and operates properties directly or through franchise agreements. Its WiZiU platform is an in-house hotel operator; at the time of the FY2025 reporting, it covered 24 hotels and about 3,110 rooms, approximately 10% of Covivio’s hotel portfolio.[9][10][11]
Covivio also owns and manages rental housing, with more than 40,000 homes reported on its residential page. Its residential services include local property management and tenant-focused support.[12] [11][7][8][9][10][12]
Geographic presence
Covivio’s FY2025 portfolio spanned France, Germany, the UK, Spain, Belgium, Italy and the Netherlands, with a further 5% of gross asset value (GAV) classified as “Others.” France represented 36% of GAV, Germany 21%, the UK 13%, Spain 11%, Belgium 7%, Italy 5% and the Netherlands 3%.[13]
Geographic operating details disclosed for FY2025 include German residential properties in Berlin, Dresden and Leipzig, Hamburg, and North Rhine-Westphalia. Office income was reported across Paris and nearby municipalities, other Greater Paris locations, Milan, the seven largest German cities, and major regional cities in France; the company also reported office income from other cities in France and Italy. Its hotel lease properties were located in France, Germany, the UK, Spain, Belgium and Italy, among other locations.[14]
The FY2025 employee table reports 606 employees in Germany, 274 in France and 109 in Italy, for a group total of 989.[3] Covivio lists offices in Paris, Milan, Berlin and Metz.[15] [13][14][3][15]
Business segments
Covivio reports three main portfolio segments: **Offices**, comprising office properties and workspace across France, Italy and Germany; **German residential**, comprising residential housing in Germany; and **Hotels**, covering European hotel real estate, including leased properties and hotel operations.[16][12][9]
Based on the 2025 year-end portfolio value at 100% (€23.684 billion), Offices represented about 39% (€9.261bn), German residential about 32% (€7.659bn), and Hotels about 28% (€6.734bn). These percentages indicate portfolio-value contributions, not revenue or earnings shares.[17] [17][17][17][17][16][12][9]
Company history
Covivio traces its origins to 1963, when its predecessor began by operating Metz’s first underground car park. In 1983, it acquired Immobilière Batibail and residential assets and took the name Garages Souterrains et Foncière des Régions; it became Foncière des Régions in 2002. Between 2003 and 2006, it expanded in French offices, established a housing-focused subsidiary and absorbed Bail Investissement Foncière.[18]
The company expanded beyond France with a 2007 acquisition of a majority stake in Italian property company Beni Stabili, followed by German residential acquisitions in 2013 and the creation of a hotel-investment subsidiary in 2014. It launched a coworking offer in 2017, rebranded as Covivio in 2018, and completed the cross-border merger of Beni Stabili at the end of that year.[18][19]
In 2020, Covivio acquired German office company Godewind AG and eight hotels leased to NH; Germany became its largest portfolio exposure by value in 2021. Jean-Luc Biamonti became Board Chair in July 2022. In June 2025, Covivio acquired the remaining 25% of the CB21 tower, reaching full ownership.[19][20] [18][19][20]
Sources
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