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De Pardieu advises Covivio on the creation of a joint venture with Blue Owl Capital

10.04.2026 · Press releases

Home > De Pardieu advises Covivio on the creation of a joint venture with Blue Owl Capital

De Pardieu has advised Covivio on the finalization of the creation of a joint venture with real estate funds managed by Blue Owl Capital, pertaining to the three sites occupied by Thales in Vélizy‑Meudon.

This transaction follows the signing of an investment agreement announced on 7 January 2026 and was completed on 1 April 2026.

As part of this joint venture, the assets are now owned up to 51% by Covivio and 49% by funds managed by Blue Owl Capital. The three sites represent Thales’ largest global facility, designed to accommodate nearly 6,000 employees across more than 126,000 sq.m.

The transaction values the entire real estate portfolio at €503 million and forms part of Covivio’s strategy to rebalance its portfolio.