Cofinimmo is the foremost listed Belgian real estate company specialising in rental property. The company
owns a property portfolio worth over €4 billion, representing a total area of nearly 2,000,000m² spread over Belgium, The Netherlands, France, Germany and Spain. Its main
investment segments are healthcare properties (nursing and care homes, revalidation clinics, psychiatric clinics, medical office buildings,...) and offices, and property of distribution networks (portfolio of pubs let to
AB InBev
Anheuser-Busch InBev SA/NV, commonly known as AB InBev, is an American-Belgian multinational drink and brewing company based in Leuven, Belgium. AB InBev has a global functional management office in New York City, and regional headquarters ...
and portfolio of insurance branches let to MAAF). On 30.06.2019, Cofinimmo's total market capitalisation stood at 3.0 billion EUR.
Cofinimmo is listed on
Euronext Brussels
The Brussels Stock Exchange (french: Bourse de Bruxelles, nl, Beurs van Brussel), abbreviated to BSE, was founded in Brussels, Belgium, by decree of Napoleon in 1801. In 2002, the BSE merged with the Amsterdam, Lisbon and Paris stock exchanges ...
and a member of the
BEL20
The BEL 20 is the benchmark stock market index of Euronext Brussels. It tracks the performance of 20 most capitalized and liquid stocks traded in Belgium. In general, the index consists of a minimum of 10 and a maximum of 20 companies traded ...
index. The company benefits from the
REIT
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping ce ...
regime in Belgium (SIR/GVV), in France (SIIC) and in the Netherlands (FBI). Its activities are supervised by the Financial Services and Markets Authority (FSMA), the Belgian regulator.
On 30 June 2019, Cofinimmo's total market capitalisation amounted to more than EUR 3 billion. The company applies an investment policy aimed at offering a low-risk, socially responsible long-term investment that generates a regular, predictable and growing dividend.
History
Cofinimmo was founded in 1983 with a capital of 6 million EUR.
1994: Listing on the Brussels stock exchange, now called Euronext
1996: Adoption of Belgian SICAFI status
2005: First healthcare real estate investment in Belgium; Awarding of the first Public-Private Partnership (PPP): the
Antwerp courthouse
2007: Partnership with AB InBev Group for a portfolio of 1,068 pubs and restaurants located in Belgium and the Netherlands (Pubstone)
2008: Start-up in France in the healthcare real estate segment; Adoption of SIIC status (French REIT regime)
2011: Partnership with MAAF for a portfolio of 283 insurance agencies in France (Cofinimur I); First emission of convertible bonds
2012: Start-up in the Netherlands in the healthcare real estate segment; Adoption of FBI status (Dutch REIT regime)
2013: Start of reconversion works to transform office buildings into residential (Woluwe 34 and Livingstone I)
2014: Start-up in Germany in the healthcare real estate segment; Adoption of RREC status in Belgium
2015: Capital increase with preference rights in the amount of 285 million EUR; Continued investments in healthcare real estate in the Netherlands and Germany
2016: Continued investments in healthcare real estate in the Netherlands and Germany; Acquisition of five office buildings in Brussels Opening of the first Flex Corners® and Lounges®
2017: Issue of ‘Green and Social Bonds’; Continued investments in healthcare real estate in the Netherlands and Germany; Delivery of the reconversion works to transform an office building into a nursing and care home (Woluwe 106-108)
2018: Capital increase with irrevocable allocation rights in the amount of 155 million EUR; Acquisition of a portfolio of 17 nursing and care homes in Germany; 50% of global portfolio invested in healthcare real estate
2019: Start-up in Spain in the healthcare real estate segment
References
External links
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{{BEL20 companies
Companies based in Brussels
Companies listed on Euronext Brussels