Befimmo SA: Alexandrite Monnet Belgian Bidco SA acquires control of 100% of Befimmo SA

Alexandrite Monnet Belgian Bidco SA (the “Bidder”) an entity wholly controlled by one of Brookfield’s real estate private funds announces today that during the final Additional Acceptance Period, 819,680 shares of Befimmo SA have been tendered to the public takeover offer.

Since the bid was reopened as a simplified squeeze-out the remaining shares of Befimmo SA that have not been tendered prior to closing of the final Additional Acceptance Period are being transferred to the Bidder by force of law. This means that the Bidder now controls 100% of the shares of Befimmo SA.

The offer price will be made payable later today. The shareholders that have not tendered their shares during the final Additional Acceptance Period will have to request payment of the offer price for their shares at the Deposit and Consignment Office. The funds required to pay the bid price for the shares thus transferred will be deposited with the Deposit and Consignment Office on behalf of their former owners.

Following the closing of the Additional Acceptance Period on 3 January 2023, Euronext has proceeded to the delisting of the Befimmo SA shares on 3 January 2023 after close of trading.

Brookfield’s advisors

Deutsche Bank AG and J.P. Morgan Securities plc are serving as joint financial advisors, as well as providing financing alongside BNP Paribas S.A. CBRE is acting as commercial advisor.

Kirkland & Ellis and Stibbe are acting as legal counsel. PwC is acting as sourcing, tax and financial acquisition advisor.

IHS Market is acting as proxy solicitor and Citigate Dewe Rogerson as communications advisor.

Befimmo’s advisors

Lazard acted as sole financial advisor to the Board of Directors of Befimmo, Cleary Gottlieb Steen & Hamilton LLP acted as legal counsel to the Board of Directors of Befimmo and DF King as Proxy Tender Solicitor/Information Agency.

 

Contact

Communications & Media
Marie Fuller
Brookfield
Tel: +44 (0)20 7408 8375
Email: marie.fuller@brookfield.com

Nick Orbaen
Citigate Dewe Rogerson
Tel: +32 468 10 06 23
Email: nick.orbaen@citigatedewerogerson.com

www.befimmo-offer.be

About Alexandrite Monnet Belgian Bidco SA

Alexandrite Monnet Belgian Bidco SA (formerly RE Invest Belgium SA) is a FIIS (fonds d’investissement immobilier spécialisé) under the laws of Belgium and an entity wholly controlled by one of Brookfield’s real estate private funds.

Brookfield is a leading global alternative asset manager with over $750 billion of assets under management across real estate, infrastructure, renewable power and transition, private equity and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.

Brookfield is one of the world’s largest owners and operators of real estate with over $260 billion of real estate assets globally, and an office portfolio of over 15 million square meters worldwide. In Europe, Brookfield’s real estate business comprises over $50 billion of assets across office, student housing, logistics, life sciences, residential, retail and hospitality.

About Befimmo

Befimmo is a real-estate investor, operator and developer and a Belgian Real-Estate Investment Trust (SIR-GVV). Focused on offices and mixed-use buildings and coworking spaces, our high-quality and performant portfolio is located in growing BeLux city centres.

Befimmo aims to create, manage and build thriving work & life environments and animate communities for a sustainable future. Our ambition is to create and operate high-quality, mixed-use projects in growing economic, academic and research hubs in BeLux. Our in house coworking partner Silversquare and our partnership with Sparks will allow us to deliver tailor-made coworking spaces and meeting venues. We want to accompany our clients throughout their real estate journey, offering them anultimate experience, as a one-stop-shop they can entrust with all their needs and expectations in terms of work and living space.

Befimmo’s value creation priority is about offering integrated hybrid, sustainable work & life solutions answering to the major trends shaping the world of tomorrow. ESG criteria have become a natural extension to this strategy and drives us towards innovation.

Its portfolio is worth about €2.9 billion (as at 30 September 2022) and comprises 60 offices and mixed-use buildings and 10 coworking spaces.