Immobel retains focus on residential and office real estate in European prime locations during COVID-19 period

Immobel enters into a strategic agreement with ING.

Annual Results 2019

Immobel increases its profit by more than 80% to EUR 102.4 million.

2019 was a year of strong growth for Immobel, completely in line with its strategy of prioritising profitability and recurring revenue. The company significantly outperformed its 2019 goals.

The new De Brouckère: lots of open space, light and air

BPI Real Estate and Immobel plan to start the redevelopment of De Brouckère in the autumn of 2020

The new Eden Tower brings plants back into the city of Frankfurt

185,000 plants to provide a unique green experience

Immobel successfully contributes to urban development in Luxembourg

Sale of INFINITY landmark project to REAL I.S. expected to further drive H2 results

Early closure of the EUR 75 million retail notes issue

Immobel’s public issue aimed mainly at retail investors successfully closed and was oversubscribed almost six times

Immobel announces the creation of its Immobel Germany subsidiary and names Michael Henn as CEO

Immobel has confirmed its desire for diversification by creating Immobel Germany and naming Michael Henn as CEO of this subsidiary.  A leader on the Belgian property market and quoted on the Brussels stock exchange, Immobel is present in six European countries. Its portfolio of projects under development amounts to almost 1,000,000 m² with an estimated future sales value of 4.4 billion Euros.

Immobel launches a notes-issue to retail investors

Immobel hereby announces that on 4 October 2019 it will launch an issue of 7 ½ - year notes (the “7 ½ - year tranche”) for an aggregate minimum amount of 50,000,000 EUR and an aggregate maximum amount of 75,000,000 EUR.

Immobel realizes a record net profit of EUR 56.4 million in the first six months of 2019

Immobel’s revenues in the first half of 2019 increased by 44.1% to EUR 140.8 million while its EBITDA and net profit (Group share) amounted to EUR 67.2 million and EUR 56.4 million respectively. This results in a net profit of EUR 6.43/share compared to EUR 1.71/share during the same period last year.  This means that in the first six months alone it achieves a result equal to the annual result for the record year 2018. 

Immobel joins the Euronext BEL Mid Index

Immobel will be included in the BEL Mid index, the Mid-Cap stock Index of Euronext Brussels. The inclusion in this index will take effect as from 23 September 2019.

The INFINITY LIVING project is sold out

Immobel Luxembourg announces the end of the marketing of INFINITY LIVING, its landmark residential project in Luxembourg.

A great sale for Immobel: relocation of the Saint-Pierre Clinic in Ottignies

Immobel is announcing the sale of a plot of land in Wavre intended to accommodate the Saint-Pierre Clinic after its move from Ottignies. This transaction will enable the Clinic to move closer to Wavre and offer more mobility to its future patients. It is a great sale that adds to the Group’s various achievements already realised in 2019 and further underlines the performance of its teams.

WeWork’s next stop: Central Point

Warsaw, 25 July 2019 – WeWork, global provider of flexible and modern office spaces, continues its expansion across Poland. The company leased 5,500 sqm in its new sixth location - Central Point, Warsaw, a project developed by Belgian-based Immobel and scheduled for completion in mid-2021. WeWork was represented in the lease transaction by global real estate services firm Cushman & Wakefield.

Nafilyan fully acquired by Immobel

Immobel brings forward the acquisition of Parisian property group Nafilyan, which it now fully owns. Expansion in France can now intensify.

Immobel reinforces the international scope of its activities and management

As from 1^st July, Marnix Galle, the current Executive Chairman of the Board of Directors, will temporarily combine his duties as Executive Chairman with those of Group CEO.

The Group’s current CEO, Alexander Hodac, who, together with Marnix Galle, was the architect of Immobel’s transition following the merger with ALLFIN, will be leaving the Group on 30 June, in accordance with his commitment to stay three years after the merger. He will be taking up other professional challenges in the autumn.

Four new developments in Luxembourg for Immobel

2018 was a year of acquisition and consolidation for Immobel Luxembourg. The subsidiary of the group – which is the largest Belgian property development company listed on the Brussels Stock Exchange – recorded some excellent results and expanded its Luxembourg portfolio with the acquisition of 52,000m² of space in premium locations in the capital and its immediate surroundings.

Immobel pays a dividend of 2.42 EUR per share in circulation

For 2018, the Board of Directors proposed the payment of a dividend of 2.42 EUR per share in circulation.

Immobel transfers ownership of Centre Étoile S.à.r.l, owner of the NOVA building to the Monceau Assurances group

Immobel Holding Luxembourg S.à.r.l. (“Immobel”) and MONCEAU International S.A. (Monceau Assurances) announce the transfer of 100 % of Immobel’s shareholding  in the company Centre Étoile S.à.r.l., owner of the current NOVA office building (formerly Centre Étoile) located at place de l’Étoile in Luxembourg, to the international insurance group and French real estate investor Monceau Assurances.

Annual Results 2018

Immobel achieves EUR 75.1 million EBITDA and EUR 56.8 million net profit - a record performance

Cedet has been nominated as finalist for the MIPIM Awards 2019 in the category “Best Refurbished Building”

The Cedet building which was developed by Immobel Poland qualified for the finalists of the prestigious MIPIM Awards 2019 in the category ‘Best Refurbished Building’. Cedet’s redevelopment and extension design is the work of a consortium of architectural studios: AMC Andrzej Chołdzyński - RKW Rhode Kellermann Wawrowsky. The construction was completed in May 2018.