Earnings release
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19 COVIVIO Paris , 20 April 2021 , 5:45 pm Activity at end - March 2021 : encouraging perspectives Letting activity : positive signals • Europe Offices : 64,000 m² of new leases signed or existing leases renewed • • Germany Residential : Mietendeckel rent cap legislation deemed unconstitutional in Berlin ; well oriented activity Hotels : recovery expected in the second half after a first quarter impacted by restrictions Intensification of the prime strategy on offices • • • Adaptation of the development pipeline with a focus on city centres : 2021 deliveries already 82 % pre- let and launch of a flagship mixed - use project in Berlin - Alexanderplatz Acceleration of the conversion of offices into housing : five new projects in France for a total of 92,000 m² and € 220 million Continued rotation : € 500 million in cash sales and preliminary agreements signed in Q1 2021 Covivio rolls out its " All in One " offering and delivers a 4,400 m² development in Paris Gobelins 100 % let Revenues at end - March 2021 : stable on a like - for - like basis , excluding Hotels • Offices : -1.2 % on a like - for - like basis • • Residential : + 3.4 % , and + 3.9 % outside of Berlin Hotels : -46 % on a like - for - like basis , impacted by the ongoing restrictions and an unfavourable basis for comparison in 2020 95 % occupancy rate and 7 - year firm average maturity of leases Ahead of target to reduce carbon impact by 34 % by 2030 • An ambitious target covering the period between 2010 and 2030 across a wider scope ( Scopes 1 , 2 and 3 ) , including construction At end - 2020 , the carbon impact had been reduced by 20 % , ahead of target Organisational changes and appointments within Covivio management • • • Tugdual Millet , Covivio's current Chief Financial Officer , has been appointed CEO of Covivio Hotels , supported by Elsa Tobelem , Deputy CEO This change in the organisation follows the departure of Dominique Ozanne , who has decided to pursue new professional goals Paul Arkwright , currently Director of Financial Control , Corporate Finance and Investor Relations , will become Group Chief Financial Officer .