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Cofinimmo — M&A Activity 2016
Apr 21, 2016
3933_iss_2016-04-21_687247fd-4c21-4357-8e8e-8d99334691b0.pdf
M&A Activity
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Brussels, embargo until 21.04.2016, 05:40 PM CET
PRESS RELEASE
Conditional disposal of the Souverain/Vorst 25 building
Cofinimmo and a foreign government have entered on April 21st , 2016 into an agreement which, subject to prior approval by the relevant Belgian authorities of the required planning and other permit applications, would result in the sale of the property currently owned by Cofinimmo at Boulevard du Souverain/Vorstlaan 25 in 1170 Brussels, Belgium to said foreign government.
Cofinimmo will retain ownership of the adjacent building Souverain/Vorst 23 and intends to convert that part of the complex into residential apartments.
The purchaser and the seller will cooperate in order to preserve the exceptional quality of this entire site which will be vacated by its current occupant AXA Belgium when its lease terminates in August 2017.
For more information:
Danielle Scherens Ellen Grauls Corporate Communication Officer Investor Relations Manager Tel.: +32 2 373 00 17 Tel.: +32 2 373 94 21 [email protected] [email protected]
About Cofinimmo:
Founded in 1983, Cofinimmo is today the foremost listed Belgian real estate company specialising in rental property and an important player in the European market.
The company owns a diversified property portfolio spread over Belgium, France, the Netherlands and Germany, worth 3.1 billion EUR, representing a total surface area of over 1,730,000 m². Riding on demographic trends, its main investment segments are healthcare properties (42 %), offices (40 %) and distribution networks (17 %). As an independent company that consistently applies the highest corporate governance and sustainability standards, Cofinimmo services its tenants and manages its properties through its team of over 110 people, operating from Brussels.
Cofinimmo is listed on Euronext Brussels (BEL20) and benefits from the fiscal REIT regime in Belgium (RREC), in France (SIIC) and in the Netherlands (FBI). Its activities are controlled by the Financial Services and Markets Authority, the Belgian regulator.
At 31.12.2015, its total market capitalisation stands at 2.1 billion EUR. The company pursues investment policies which seek to offer a high dividend yield and capital protection over the long term, targeting both institutional and private investors.
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