Covivio: exchange of shares on two assets in Bordeaux


(CercleFinance.com) – Icade and Covivio announce that they have completed, on 18 January, the operation by cross exchange of securities of two assets located in Bordeaux Euratlantique, which results in the acquisition of 100% of the Orianz asset by Icade and 100% of the FactorE asset by Covivio.

The Orianz asset, developing an area of ​​nearly 20,800 m2 and now 100% owned by Icade, is more than 97% occupied by first-tier tenants, including Orange and Allianz VIE over a residual lease term of nearly five years.

The FactorE building, now 100% owned by Covivio, totals 10,900 m2, and shows an occupancy rate of 100%, with in particular the presence of the companies Spaces and Thermo Fisher Scientific, over a residual lease term of nearly six years old.

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