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WHO ARE WE?
Cofinimmo is the foremost listed Belgian real estate company special-
ising in rental property. Formerly a Sicafi/Bevak (Belgian REIT), it enjoys
RREC (Regulated Real Estate Company) status in Belgium. It also has
SIIC status in France and FBI status in the Netherlands.
Cofinimmo adopted the status of public regulated real estate company
and became a public RREC on 06.11.2014. This status was established
by the Law of 12.05.2014 and the Royal Decree of 13.07.2014, both
relating to Regulated Real Estate Companies.
At the end of 2015, Cofinimmo’s core activity segments are healthcare
real estate (42.4%), office real estate (39.6%) and property of distribu-
tion networks, which groups together a portfolio of pubs and restau-
rants (Pubstone) and a portfolio of insurance agencies (Cofinimur I)
and accounts for 17.2% of the global portfolio.
In total, the buildings represent 1,729,044 m² and a fair value of
3.1 billion EUR. The majority of the assets are located within the Belgian
territory (73.9%). The international part represents 16.0% in France
(healthcare real estate, portfolio of insurance agencies), 8.0% in the
Netherlands (pubs/restaurants and healthcare real estate) and 2.1%
in Germany (healthcare real estate). The average weighted residual
lease term of the current leases went from 6.7 years at the end of
2004 to 10.5 years at the end of 2015, an outstanding figure among the
European real estate companies.
Cofinimmo is an independent company, which manages its properties
and tenant clients in-house. It is listed on Euronext Brussels and is
included in the BEL20 index. The company’s strategic priorities are
based particularly on the creation of long-term rental income, a sound
relationship of trust with its clients and a sustainable management of
its portfolio. Together, they contribute to the creation of value for its
shareholders.
Its shareholders are private individuals and institutional investors from
Belgium and abroad, looking for a moderate risk profile combined with
a high dividend yield.
MISSION AND VALUES
For more than 30 years, Cofinimmo’s mission has been to answer its
tenant client’s accommodation needs in specific buildings:
• corporate and public authorities’ demand for flexible offices;
• healthcare real-estate demand from operators of establishments
for elderly or disabled people and rehabilitation, psychiatric and
acute care clinics;
• corporate demand for sale and leasebacks of their distribution
networks;
• public authorities’ need for purpose-built facilities.
Cofinimmo’s teams act in the interests of the well-being of its tenant
clients and other stakeholders and contribute their know-how in order
to guarantee the quality and sustainability of the property portfolio.
The Group rolls out an ambitious corporate responsibility policy in
terms of energy performance of the buildings under management and
under construction. It also looks after its societal role vis-à-vis people
and communities.
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