Brief: Covivio And Blue Owl Capital Funds Announce A EUR 500 Million Partnership To Share Thales Sites
07/01/2026 06:42
Jan 7 (Reuters) - Covivio SA CVO.PA: COVIVIO AND FUNDS MANAGED BY BLUE OWL CAPITAL ANNOUNCE A EUR 500 MILLION STRATEGIC PARTNERSHIP TO SHARE THALES SITES IN VÉLIZY TRANSACTION, EXPECTED TO BE COMPLETED IN FIRST SEMESTER OF 2026, CONSISTS OF CREATION OF A JOINT VENTURE OWNED 51% BY COVIVIO AND 49% BY BLUE OWL, WHICH WILL HOLD THREE THALES SITES IN VÉLIZY FOR COVIVIO, TRANSACTION REPRESENTS EQUIVALENT OF EUR 138 MILLION IN SALES AT A PREMIUM ON VALUE AT END OF 2024 TRANSACTION VALUES ENTIRE SITE AT EUR 503 MILLION Source text: ID:nPLXA5D8BF Further company coverage: CVO.PA (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))