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Covivio and Blue Owl Form €500 Million Joint Venture for Thales Sites in Vélizy

Reuters01-07

<a href="https://laohu8.com/S/FNCDY">Covivio</a> and <a href="https://laohu8.com/S/OBDE">Blue Owl</a> Form €500 Million Joint Venture for Thales Sites in Vélizy

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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