Covivio SA has entered into a strategic partnership with funds managed by Blue Owl Capital, forming a joint venture to share ownership of three Thales sites in Vélizy, France. The agreement, signed at the end of December 2025 and expected to complete in the first half of 2026, will see Covivio hold a 51% stake and Blue Owl 49% in the new entity. The joint venture will control the 46,750 m² "Hélios 1" campus, the 41,500 m² TED production and R&D site, and the new 38,000 m² "Hélios 2" campus, currently under construction. The transaction values the sites at €503 million and aims to support Covivio’s portfolio rebalancing and continued partnership with major tenants such as Thales.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Covivio SA published the original content used to generate this news brief on January 07, 2026, and is solely responsible for the information contained therein.

