Covivio: Friederike Hoberg joins Covivio as head of the German offices







As of May 2, 2022, Covivio, a leading European real estate company with assets of 27 billion euros, will welcome Friederike Hoberg as Head of German Offices. As such, she will join the group’s Executive Committee.

After having spent a large part of her career at Commerz Real at the head of the French subsidiary, Friederike Hoberg, 45, a graduate of Freie Universität Berlin and ESCP Business School, will head Covivio’s office activity. in Germany. Based in Berlin, she will be in charge of asset management, development and investment for the office business. Reporting to Christophe Kullmann, CEO of Covivio, Friederike Hoberg will aim to deploy in Germany the same value creation strategy already implemented in France and Italy.

This strategy is based on the following pillars

  • Centrality, by developing our projects in the best locations, close to transport hubs, in lively and attractive neighborhoods

  • Quality, by designing offices combining flexibility, well-being, services, collective and environmental performance

  • Tailor-made, by offering spaces and experiences specific to each client, in line with the culture and codes of each company.

All this requires a personalized consulting approach and a customer relationship focused on user satisfaction.

“I am delighted to welcome Friederike Hoberg. At a time when office real estate is becoming an even more strategic lever of transformation for companies, Covivio is mobilized on a daily basis to support its customers in their reflections, in order to offer them buildings and ever more suitable and efficient services. To meet this objective, Friederike’s experience and European profile will be a real asset for Covivio.”said Christophe Kullmann, CEO of Covivio.

Resolutely European, Covivio owns and manages a portfolio of 27 billion euros, of which 41% is currently located in Germany, where the group is present in three markets: residential, hotel and office. In the office segment, Covivio has a portfolio of €1.8 billion and a development pipeline of €562 million, with flagship projects such as Alexanderplatz in Berlin. The portfolio is located in the main German cities, namely Frankfurt (31%), Berlin (21%), Düsseldorf (20%), Hamburg (19%) and Munich (7%).

Covivio’s Executive Committee, responsible for steering the Group’s strategy, is now made up of:

  • Christophe Kullmann, Managing Director

  • Olivier Estève, Deputy CEO

  • Marjolaine Alquier de l’Epine, Director of Risks, Compliance, Audit and Internal Control

  • Paul Arkwright, Chief Financial Officer

  • Alexei Dal Pastro, CEO Italy

  • Daniel Frey, CEO Germany

  • Laurie Goudallier, Chief Transformation Officer

  • Friederike Hoberg, Head of German Offices

  • Yves Marque, Managing Director

  • Tugdual Millet, CEO Hotels

  • Barbara Pivetta, Group Risk Manager

  • Marielle Seegmuller, Director of Operations France

Warning

Covivio SA published this content on April 26, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on April 26, 2022 05:49:02 UTC.

Public now 2022

2022 sales 994 million
1,065 million
1,065 million
2022 net income 710 million
761 million
761 million
Net debt 2022 7,370 million
7,897 million
7,897 million
PER 2022 ratio 11.2x
2022 return 5.67%
Capitalization 6,487M
6,951 million
6,951 million
EV / Sales 2022 13.9x
EV / Sales 2023 13.1x
# of employees
Floating 65.0%


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Medium consensus HOLD
Number of analysts 9
Last closing price €68.80
Average target price €77.69
Average Spread / Target 12.9%
1 Jan capi. ($M)
COVIVIO -4.71% 6,951


James R. Rhodes