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SUSTAINABLE DEVELOPMENT
Cofinimmo plays a mainly advisory role for operators in terms of sustaina-
bility, due to the triple net nature of its investments.
Any opportunities for improving the construction and sustainability qualities
of the buildings are discussed together with the operator during new con-
struction or extension projects. The aim is to rationalise energy use when
operating the building. This comes as part of Cofinimmo’s ISO 14001:2004
environmental certification for the Project Management of major works and
renovations and translates into, for example, better insulation (K-level) that
exceeds the minimum legal requirements and more efficient heating and
ventilation systems (see the section “Construction and renovation projects”
of this chapter).
In addition, Belgium, France and the Netherlands all have different legisla-
tions governing energy performance.
In Belgium, only service flats have to comply with E-Level requirements,
namely those applicable to residential properties.
In France, the legislation also applies to nursing homes, but with a differ-
ent rating system (A to I)
1
than in Belgium.
The energy performance of 41 care homes in France, i.e. 32% of the portfo-
lio, can be broken down as follows:
Energy kWh PEU
2
/m²/
year
A
< 51
B
51 - 90
C
91 - 150
D
151 - 230
E
231 - 330
F
331 - 450
G
451 - 590
H
591 - 750
I
> 750
C
42%
D
51%
E
7%
Average residual lease length by country
(in number of years)
Belgium
France
Netherlands
TOTAL
30
25
20
15
10
5
0
7.0
21.7
13.7
16.3
Breakdown by type of asset - in fair value
(in %)
Netherlands
1.0%
Acute care clinics
1.0%
France
35.5%
Psychiatric clinics
2.9%
EHPAD
20.7%
SSR
11.9%
Belgium
63.5%
Nursing homes
5.6%
Nursing and care homes
57.4%
Service flats
0.5%
1
France has stricter standards than Belgium. For example, a C rating in Belgium corresponds approximately to a D rating in France.
2
Primary Energy Use.
Management Report /
Healthcare Real Estate
44
/