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De Nootelaer – Keerbergen (Belgium)
Nelson Mandela Residence – Brussels
TRANSACTIONS AND
PERFORMANCES IN 2013
GLOBAL PORTFOLIO
At 31.12.2013, the consolidated property portfolio reaches €3,347.0million in fair value
1
and
€3,478.9million in investment value
2
. It comprises 1,548 properties, with a total rental area of
1,853,467m² in superstructure.
The offices account for 45.6%
3
of the portfolio, healthcare real estate for
36.7% and property of distribution networks including the Pubstone port-
folio (cafés/restaurants let to AB InBev) and the Cofinimur I portfolio (insur-
ance agencies let to MAAF) for 15.9%. The other business sectors (1.8%)
are not significant.
The vast majority of the portfolio is located within the Belgian territory
(79.2%). The properties located abroad relate on the one hand, in France,
to healthcare real estate and the MAAF agencies network (15.8%) and, on
the other hand, in the Netherlands, to the Pubstone portfolio and a few
clinics (5.0%).
Acquisition prices and investments 1996-2013
4
(x €1,000,000)
Offices
2,350.1
Other
45.6
Healthcare real estate
1,191.9
Property of distribution
networks
562.6
22
/
Management Report /
Global Portfolio
1
The fair value is obtained by deducting an appropriate rate of transaction costs (mainly transfer taxes) from the investment value.
2
The investment value, which is established by independent real estate experts, is the most likely value that could reasonably be obtained in normal sales conditions between willing
and well-informed parties, before deduction of transaction costs.
3
The breakdown of the portfolio is based on the fair value.
4
The investments include the renovations, the extensions and the redevelopments.