Covivio: Christophe Kullmann Reappointed, Aude Grant and Alexei Dal Pastro Named Deputy CEOs
On July 20, 2026, the Board of Directors of Covivio decided to renew Christophe Kullmann's term as CEO for another four years. Simultaneously, the real estate company appointed Aude Grant and Alexei Dal Pastro as Deputy CEOs, replacing Olivier Estève whose term ends on December 31, 2026.
Kullmann Reappointed Until the 2030 Financial Statements Approval
Under the chairmanship of Jean-Luc Biamonti, the Board of Directors of Covivio convened and decided to renew Christophe Kullmann's mandate for a four-year term, until the General Meeting that will approve the financial statements for the year 2030. This reappointment was made following a proposal from the Compensation and Nominations Committee.
Grant and Dal Pastro Promoted to Deputy General Managers
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Aude Grant, aged 45, will assume her role as Deputy CEO in charge of the French Office Activities starting September 21, 2026. A graduate of HEC, she has held various positions at Covivio, including analyst, portfolio and acquisitions manager, and Director of Asset Management and Office Investments, before joining SFL in 2014 as Director of Real Estate Strategy and Transactions. She was appointed Deputy CEO in 2022 and CEO of SFL in 2024. Alexei Dal Pastro, aged 53, currently CEO of Covivio's Italy & German Offices, will begin his role as Deputy CEO on January 1, 2027. He holds a degree in Economics and Management from the University of Trento and an MBA from the University of Kansas, and has led Covivio Italy as CEO since 2019, a role that was expanded in early 2024 to include the German offices.
Departure of Olivier Estève After 24 Years
The outgoing Deputy CEO, Olivier Estève, will leave his position on December 31, 2026, after 24 years with the group. The Board of Directors expressed their gratitude for his contributions to Covivio's growth.
Impact de l'indemnité CB21 pleinement perçue en H1 2025, non récurrente en 2026
Baisse des revenus en Grand Paris (hors Paris) de -32,2% en 100%
Vacances pour redéveloppement, notamment Louvre et étages supérieurs de CB21
Opportunities identified
Amélioration du taux d'occupation des bureaux à 95,6%, en hausse par rapport à fin 2025
Hausse des loyers Italie Bureaux (+8,9%) portée par de nouvelles signatures et indemnités de départ anticipé
Croissance organique like-for-like de +2,2% portée par l'indexation et les hausses locatives
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