Befimmo finalises the sale of mature properties and confirms its strategic repositioning

As announced in its press release of October 31, 2022, Befimmo has completed the sale of the regional buildings in its Fedimmo portfolio. The company also announces that it has sold full ownership of the Ocean House building, located on the outskirts of Brussels, to a private investor.

These sales are perfectly in line with Befimmo's new strategy, which aims to sell buildings that have become non-essential in order to concentrate on mixed-use, sustainable and user-centred projects in major urban centres.

Bought in 2006 from the Belgian State, these buildings from the Fedimmo portfolio are now sold. With this sale, Befimmo is disposing of approximately 100,000 m² of buildings located in regional cities throughout Belgium.

Strategic repositioning

The sales above-mentioned are a perfect example of the new strategy implemented by Befimmo. On the one hand, it invests in mixed and flexible properties that are well located and have the potential to create value, and on the other hand, it sells mature properties whose value has crystallised or that no longer fit its strategy. This is demonstrated by its investments in its subsidiary Silversquare, which now has 10 coworking spaces and will open two more in 2023.

As a result, the company is currently focusing on new projects that are user-centred, high-quality, ideally located, multifunctional and meet the highest standards of performance and flexibility.

The strategic repositioning of Befimmo is in full swing. Our core mission is now to acquire, develop and manage sustainable working and living ecosystems in growing cities, while creating value for our stakeholders. In this respect, we are delighted with the sales of the Fedimmo and Ocean House buildings, but also with the investments in our subsidiary Silversquare. - Jean-Philip Vroninks, CEO of Befimmo.