Earnings Release • Jan 14, 2015
Earnings Release
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Regulated information 14 January 2015: 5.45pm
Banimmo has signed a lease agreement for the entirety of the H5 building (3,785 sqm) in Parc Da Vinci, with Electrabel, a top-class tenant.
The lease is for 9 years and enables to stabilize the rental situation of this building.
No major works are required as the building has been refurbished recently. Take-up should occur at the end of the first half year of 2015.
Damovo, a long-standing tenant, has been relocated in the Alma Court building, another of Banimmo's buildings. This clearly demonstrates Banimmo's expertise in finding customised rental solutions.
H5 building in Evere
Banimmo has also let 872 sqm of space in Alma Court (16,042 sqm) to Tata Consultancy Services Belgium for a period of 9 years.
This company, which has had a presence in the building for several years now, has thereby doubled its rental space.
This new tenancy and the relocation of Damovo now give Alma Court an occupancy rate of 94%.
Finally, two new rentings were finalized for a total area of 1,350 sqm in the office building located on the site in La Hulpe (4,480 sqm).
Alma Court Building
Banimmo performed particularly well in 2014 on the letting side, with approximately 11,000 sqm let in Belgium, and almost 1,000 sqm in France.
The main properties that have been let are:
Banimmo Christian Terlinden Cedric De Laet Lenneke Marelaan 8 CEO CFO 1932 Zaventem Tel. : +32 2 710 53 11 Tel. : +32 2 710 53 11 www.banimmo.be [email protected] [email protected]
Banimmo stands out as a specialized player capable of producing or transforming a real estate asset meeting the requirements and the highest standards of institutional investors, as well as developing built-to-suit projects meeting the occupants needs. This competence is applicable to both the office building sector and the retail segment or niche segments (hotels, nursing homes and so on).
The company has 30 employees. At the end of June 2014, the real estate portfolio had a total value of €355.5 million. Belgium represents the predominant market, with 73.2% of the portfolio in terms of market value, with France representing 26.8%. The portfolio is continually evolving thanks to the ongoing repositioning and to the high rotation of the assets. Banimmo is listed on Euronext Brussels. Currently the company is held by the SIIC Affine (49.51%) and the management (23.28%). The remainder (27.21%) is in public hands.
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