COVIVIO (EPA:COV) - Covivio: Godewind Immobilien integration well on track

Transparency directive : regulatory news

15/05/2020 08:00

Press release

Paris, 15th May, 2020

               Godewind Immobilien integration well on track

Godewind Immobilien AG's General Meeting, which took place on May 7th, inter
alia effected the change of the corporate name to Covivio Office AG, as well as
the change in the company's governance structure. In this context, Marcus
Bartenstein and Daniel Frey, co-CEOs Germany of Covivio, have been nominated by
the supervisory board as co-CEOs of Covivio Office AG.

On May 11th, the final tender period for the takeover for all Covivio Office AG
(ex-Godewind) shares ended and Covivio now owns approx. 86% of the share
capital of the company, which has been delisted from Deutsche Börse, effective
May 14th. In addition to the shares held, Covivio granted a put option to
certain outside shareholders which hold a total of approx. 10 % of Covivio
Office AG's shares.

As a reminder Covivio Office AG owns a EUR1.2 Billion portfolio of 10 core
office buildings (290,000 m2), located in Frankfurt (40% of the portfolio),
Düsseldorf (28%), Hamburg (24%), and Munich (8%). With an average vacancy rate
of 3%(1) in the top 7 German cities, the office market in Germany is one of
Europe's most resilient.

CONTACTS

Press Relations
Géraldine Lemoine
Tél : + 33 (0)1 58 97 51 00
geraldine.lemoine@covivio.fr

Laetitia Baudon
Tél : + 33 (0)1 44 50 58 79
laetitia.baudon@shan.fr

Investor Relations
Paul Arkwright
Tél : + 33 (0)1 58 97 51 85
paul.arkwright@covivio.fr

Hugo Soussan
Tél : + 33 (0)1 58 97 51 54
hugo.soussan@covivio.fr

(1) Source: JLL

ABOUT COVIVIO

Thanks to its partnering history, its real estate expertise and its European
culture, Covivio is inventing today's user experience and designing tomorrow's
city.
A preferred real estate player at the European level, Covivio is close to its
end users, capturing their aspirations, combining work, travel, living, and
co-inventing vibrant spaces.

A benchmark in the European real estate market with 24 BnEUR in assets, Covivio
offers support to companies, hotel brands and territories in their pursuit for
attractiveness, transformation and responsible performance.
Build sustainable relationships and well-being, is the Covivio's Purpose who
expresses its role as a responsible real estate operator to all its
stakeholders: customers, shareholders and financial partners, internal teams,
local authorities but also to future generations and the planet. Furthermore,
its living, dynamic approach opens up exciting project and career prospects for
its teams.

Covivio's shares are listed in the Euronext Paris A compartment (FR0000064578 -
COV) and on the MTA market (Mercato Telematico Azionario) of the Milan stock
exchange, are admitted to trading on the SRD, and are included in the
composition of the MSCI, SBF 120, Euronext IEIF "SIIC France" and CAC Mid100
indices, in the "EPRA" and "GPR 250" benchmark European real estate indices,
EPRA BPRs Gold Awards (financial + Sustainability), CDP (A), Green Star GRESB
and in the ESG FTSE4 Good, DJSI World & Europe, Euronext Vigeo (World 120,
Eurozone 120, Europe 120 and France 20), Euronext(r) CDP Environment France EW,
Oekom, Ethibel, Sustainalytics and Gaïa ethical indices.
Covivio is rated BBB+/Stable outlook by Standard and Poor's.

Notations solicited:
Financial part:          BBB+ / Stable outlook by Standard and Poor's
Extra-financial part:    A1+ by Vigeo-Eiris

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