Covivio (ex-Foncière des Régions) - Logotype

Covivio (ex-Foncière des Régions)

Fonciere des Regions owns and manages a 9BN€ portfolio in France and Italy. Privileged partner to major tenants, Fonciere des Regions stives toward a dynamic policy of portfolio improvement with a two-fold objective, enhancing the existing urban portfolio, and designing the real-estate of tomorrow with a close eye on efficiency and environmental performance meeting the needs of users. This policy means targeting trade-offs, a constant concern in asset enhancement and the undertaking of new projects boasting the highest levels of certification and labelling so as to predict and meet market expectations.

  • Size: Large
  • Type: Private company
  • Listed: Listed
  • Sector: Real Estate
  • Country: France
  • Country Status: OECD
  • Employees: 250 - 499
  • Revenue: Not provided
  • GRI Community: Not provided
  • Stock listing code: FR0000064578

Contact

www: visit
HQ Address: 30 avenue Kleber
HQ City: PARIS
Contact person: Jean-Eric Fournier
Email: send email

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Reports



Risk

At the end of 2009, Fonciere des Regions drew up a risk mapping so as to define and monitor risks. 22 types of risk have been identified and eight of them selected for the application of action plans, in particular the risk of property obsolescence, inherent in market and regulatory developments. Risks are presented to management and to members of the audit committee. Risk management is carried out by the Audit and Internal Control function. This risk mapping will be renewed in 2012 in order to take into account developments in the company and the economic situation.

Opportunities

Fonciere des Regions operates a comprehensive policy of sustainable development, which is integrated into every stage of its property strategy alongside an ongoing effort to add value to its assets. It has set itself the objective of improving the energy performance of its properties, reducing their carbon footprint and controlling their health and environmental risks. All these operations are designed to obtain the highest certification and qualification levels, such as HQE®, LEED®, BREEAM®, and BBC-effinergie®. It also promotes and encourages the use of renewable forms of energy and non-carbon emitting solutions.