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1
The breakdown of the portfolio is expressed in fair value.
2
For Cofinimmo SA/NV, the breakdown is: offices 60.2%, healthcare real estate
36.7%, and other 3.1%.
3
For Cofinimmo SA/NV, the breakdown is: Belgium 95.3%, France 4.7%.
Breakdown by destination - in fair value
2
(in %)
15.4
%
France
7.1
%
Netherlands
Germany
0.3
%
Geographic breakdown – in fair value
3
(in %)
Belgium
77.2
%
Relative importance of the main buildings - in fair value (in %)
MANAGEMENT REPORT /
Transactions and performances in 2014
Breakdown of the portfolio
The offices account for 41.0%
1
of the portfolio, healthcare real
estate for 40.3% and property of distribution networks, including
the Pubstone portfolio (cafés/restaurants let to AB InBev) and the
Cofinimur I portfolio (insurance agencies let to MAAF), for 16.7%. The
other business sectors (2.0%) are not significant.
The vast majority of the portfolio is located within the Belgian
territory (77.2%).
The buildings located abroad are:
•
in France (15.4%): healthcare real estate and the network of
insurance branches;
•
in the Netherlands (7.1%): the Dutch Pubstone portfolio and
several clinics;
•
in Germany: a clinic.
One of the key features of Regulated Real Estate Companies (RREC)
is risk diversification. Cofinimmo’s portfolio offers a balanced distri-
bution, the largest building representing only 3,1% of the consoli-
dated portfolio.
Flemish Region
23.0%
Walloon Region
8.6%
Brussels &
Periphery
45.6%
At 31.12.2014, offices and healthcare real estate
represent respectively 41% and 40% of the Group’s
total property portfolio.
SOUVERAIN/VORST 23-25
3.1%
EGMONT I
2.5%
BOURGET 42
1.6%
LIVINGSTONE II
1.5%
GEORGIN 2
1.5%
TERVUREN 270-272
1.4%
ALBERT I
er
4 - CHARLEROI
1.3%
SERENITAS
1.3%
SOMBRE/DONKER 56
1.2%
DAMIAAN - TREMELO
1.2%
Other
83.4%
TOTAL
100%
Offices
Other
16.7
%
40.3
%
2.0
%
41.0
%
Healthcare
real estate
Property of
distribution
networks
30