32 / 220
Capitalisation rates applied on the Cofinimmo portfolio and
yield of the Belgian government bonds
(in %)
Main clients - in contractual rents
(in %)
AB InBev Group
13.5%
Buildings Agency (Belgian Federal State)
12.6%
Medica
1
/Senior Living Group
8.6%
Armonea
8.4%
Korian
1
7.7%
Top 5 tenants
50.8%
Axa Group
5.2%
International public sector
4.6%
ORPEA
4.1%
MAAF
3.5%
Senior Assist
3.0%
Top 10 tenants
71.2%
Top 20 tenants
81.2%
Other tenants
18.8%
TOTAL
100.0%
Relative importance of the main buildings - in fair value
(in %)
1
In November2013, Korian and Medica announced their plan to merge during 2014.
North Galaxy
6.4%
Souverain/Vorst 23-25
3.4%
Egmont I
2.2%
Bourget 42
1.6%
Georgin 2
1.4%
Tervuren 270-272
1.4%
Serenitas
1.3%
Albert Ier 4 - Charleroi
1.3%
Cockx 8-10
1.1%
Damiaan - Tremelo
1.1%
Other
78.8%
9
8
7
6
5
4
3
2
Cofinimmo Office portfolio
7.77%
Cofinimmo Total portfolio
7.03%
Belgian government 10-year bond
2.68%
2008
2009
2010
2011
2012
2013
Bourget 40 – Brussels
Tervueren/Tervuren 270-272 – Brussels
26
/
Management Report /
Global Portfolio