Befimmo completes the largest rental transaction on the Brussels office market since 10 years. It wins the public contract organised by the Flemish Government. The 70,000 m² of office space in the ZIN project is entirely pre-let. The 18-year lease will commence in 2023.
The ZIN project won the “be.exemplary 2019” award, organised by the Brussels authority (“Urban.brussels”) in the category “Large private projects”.
Befimmo sold the Pavilion building, located in the Brussels CBD (Leopold district), generating a capital gain of €10.0 million (€0.39 per share) in relation to the fair value as the fiscal year opened.
Acquisition of the Loi 44 building, located near the Joseph II building it offers great potential for value creation. When the lease expires (mid 2021), a new innovative complex will be developed.
Paradis Express: Befimmo and Matexi (residential developer) signed a cooperation agreement for the transfer of part of the land (0.6 ha) to be developed by Matexi who will handle the development of the residential spaces, shops and hospitality businesses.
Opening of the Silversquare Zaventem coworking space in Ikaros Park.
€69 million raised following the private placement of 1,266,300 treasury shares.
- Fair value of portfolio at 31 December 2019: €2,788.6 million.
