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Cofinimmo — M&A Activity 2014
Jul 3, 2014
3933_iss_2014-07-03_0fd8c0ae-d1a3-4d1a-ab7f-abbab2a23e79.pdf
M&A Activity
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REGULATED INFORMATION
Brussels, embargo until 03.07.2014, 17:40 CET
COFINIMMO AND ASPRIA HAND IN HAND FOR THE DEVELOPMENT OF A NEW SPORTS AND LEISURE CLUB IN BRUSSELS
On 26.06.2014 Cofinimmo concluded an agreement with the Aspria Group shareholders to develop a new flagship sports and leisure club on the Solvay Sports site, located avenue du Pérou/Perulaan, Brussels 1000.
Aspria Roosevelt SA/NV acquired the property from Solvay SA/NV on 30.06.2014.
Cofinimmo will provide local assistance to Aspria in further preparing and presenting a detailed project of outstanding functional, environmental and aesthetic quality to the Brussels authorities and the local public.
At project completion, the new club will be leased to the Aspria Group for the long term, similar to the arrangement concerning Cofinimmo's first collaboration at Royal La Rasante, Woluwe 1200 (Brussels), with the operator of Europe's premier sports clubs. There, Aspria, who originally developed the club, formed a partnership with Cofinimmo in 2007 and continues to operate the club on a long ground lease basis (see our press release of 17.10.2007).
Aspria co-founder and Group CEO, Brian Morris: "It is good to continue and further develop our collaboration between the leading premium sports club operator and one of the foremost real estate organisations in Europe."
Cofinimmo CEO, Jean-Edouard Carbonnelle: "We are looking forward to assisting Aspria in this new project following the success of Royal La Rasante and to later integrating in our property portfolio this remarkable site which upon completion will be let for the very long term".
For more information:
Valerie Kibieta Ellen Grauls Head of External Communication and Investor Relations Officer Investor Relations Tel.: +32 2 373 94 21 Tel.: +32 2 373 60 36 [email protected] [email protected]
REGULATED INFORMATION
Brussels, embargo until 03.07.2014, 17:40 CET
About Cofinimmo:
Cofinimmo is the foremost listed Belgian real estate company specialising in rental property. The company owns a property portfolio worth over €3.1 billion, representing a total area of 1,755,00m². Its main investment segments are offices and healthcare properties, and property of distribution networks. Cofinimmo is an independent company, which manages its properties in-house. It is listed on Euronext Brussels (BEL20) and benefits from the fiscal REIT regime in Belgium (Sicafi/Bevak), in France (SIIC) and in the Netherlands (FBI). Its activities are controlled by the Financial Services and Markets Authority (FSMA). At 31.03.2014, its total market capitalisation stands at €1.5 billion.