Covivio focuses on attractive areas and will sell assets

The real estate group Covivio has achieved its financial objectives in 2022, with revenue growing by 5%, and expects an equivalent drop in 2023 due to asset sales. On February 21, the group published adjusted net recurring income, its reference indicator, of 430 million euros.

An increase due to its German residential branch and especially to its hotels in Europe, while the income from its main activity, office real estate in France, Italy And Germanyfell, in particular due to asset disposals.

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