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Score
1
Outlook
1
%
Buildings Agency (Belgian Federal State)
AA
NEG
25.7%
AXA Belgium
A+
STABLE
11.0%
European Commission
AAA
NEG
9.8%
IBM Belgium (IBM Group)
AA-
STABLE
4.3%
TVI SA/NV (RTL Group)
BBB+
STABLE
3.0%
OVAM
N/R
N/R
2.1%
CEFIC
N/R
N/R
2.1%
KPMG
N/R
N/R
1.9%
Cleary, Gottlieb, Steen & Hamilton
N/R
N/R
1.8%
TOTAL
61.7%
Other
38.3%
N/R: not rated
Main clients - in contractual rents
(in %)
Average residual lease term by region
(in number of years)
2.9
17.7
3.9
3.9
2.7
11.1
6.9
Antwerp
Brussels
Centre/North
Brussels
Decentralised
Brussels
Leopold/Louise
Brussels
Periphery & Satellites
Other Regions
TOTAL offices
20
15
10
5
0
SECTOR INFORMATION
Geographic breakdown – in fair value
(in %)
Other regions
7.3%
Antwerp
4.1%
Brussels
88.6%
Periphery & Satellites
9.4%
Leopold/Louise District
19.6%
Central Business District
20.8%
Decentralised
38.8%
Average age of properties
2
(in %)
6-10 years
28.3%
11-15 years
26.2%
0-5 years
18.4%
+15 years
27.1%
1
Assessment of the entity’s financial solvency risk by the financial rating agency Standard & Poor’s; situation at 31.12.2013.
2
Buildings which have undergone a large-scale renovation are considered as new.
Management Report /
Offices
34
/