Annual Report 2018
Annual Report 2018
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Highlights

  • January

    CSR: THE GROUP DONATES UP TO 1 %* OF ITS PROFITS

    CSR: THE GROUP DONATES UP TO 1 %* OF ITS PROFITS

    The Group has established a fund in view to financially support associations and charities in 2018. Its three fields of intervention are Health, Culture and Social Inclusion, by means of financing innovating initiatives for young people.

    * On an average of 5 years.

  • March

    OBJECTIVES ARE MET AND DIVIDENDS ARE INCREASED

    OBJECTIVES ARE MET AND DIVIDENDS ARE INCREASED

    The Group shows a net profit of 11 MEUR for 2017. As forecasted, this number reflects the transition that occurred over the past year: consolidation of gains, team reinforcement, acquisitions, as well as geographical and sectoral expansion. As a result, IMMOBEL confirms its intention to grant shareholders a dividend increased by 10 %.

  • May

    WIDENING OF PORTFOLIO IN FLANDERS

    WIDENING OF PORTFOLIO IN FLANDERS

    With the acquisition of 30 % of Urban Living SA, the Group further consolidates its forward- looking strategy in Belgium, especially in the Flandres region. It thus guarantees the potential for developing innovating and qualitative urban neighbourhoods.

  • July

    LEBEAU ACQUIRES A DUO OF LEADING ARCHITECTS

    LEBEAU ACQUIRES A DUO OF LEADING ARCHITECTS

    As part of the competition launched in March aiming to provide quality architecture for this exceptional area, the Anglo-Dutch duo MaccreanorLavington and Korteknie Stuhlmacher Architecten have won the jury over. This urban complex located in the Sablon neighbourhood and spreading over 41,500 m2 plans to connect the north to the south of the city.

  • July

    A NEW CFO FOR THE GROUP

    A new CFO for the Group

    Karel Breda has joined IMMOBEL as Chief Financial Officer. He had recently become CFO of Engie Solar for the Middle-East and Asia after spending most of his career leading international groups such as GDF Suez.

  • August

    IMMOBEL LUXEMBOURG WIDENS ITS PORTFOLIO

    IMMOBEL LUXEMBOURG WIDENS ITS PORTFOLIO

    The Group’s Luxembourg subsidiary announces the acquisition of the company Thomas SA, owner of the 5,700 m2 building located at 1 Rue Thomas Edison in Luxembourg. This building has great potential and benefits from an excellent situation, at the entrance to a neighbourhood undergoing redevelopment and in the vicinity of road access and of the future tramline.

  • August

    LUXURY LEISURE PROJECT: A NEW LINE OF BUSINESS IN MARBELLA

    LUXURY LEISURE PROJECT: A NEW LINE OF BUSINESS IN MARBELLA

    IMMOBEL and Fort Partners have entered into exclusive negotiations with the Four Seasons Group in view to develop a new luxury hotel complex in Marbella. This project embodies the Group’s desire to implement its diversification strategy and to invest in new sectors.

  • September

    EXCELLENT RESULTS FOR THE FIRST SEMESTER 2018

    EXCELLENT RESULTS FOR THE FIRST SEMESTER 2018

    The Group’s operating revenues for the first 2018 semester show an increase of 77 % and reach 97.7 MEUR, while its net result (Group share) reaches 15 MEUR. These amounts illustrate the solid performances of IMMOBEL’s portfolio, as well as the success of its strategy based on residential development and growth in Europe.

  • October

    BOND ISSUANCE OF EUR 100 MILLION IS TOTAL SUCCESS

    BOND ISSUANCE OF EUR 100 MILLION IS TOTAL SUCCESS

    The first 5- and 7-year loan bond launched by IMMOBEL intended for private investors is more than twice oversubscribed. This successful fund- raising confirms the Group’s financial strategy aiming to diversify its sources of funding in order to continue developing its international portfolio.

  • October

    LEGAL AWARDS FOR BUSINESSES

    LEGAL AWARDS FOR BUSINESSES

    The Group stood out during this competition organised by Leaders League, the Décideurs Magazine’s editor, which, since 2015, has gathered the business world’s most important legal players at European level. IMMOBEL set itself apart for the diversity of its accomplishments and for its exceptional progression over the past three years

  • November

    CEDET SOLD TO AN ASIAN FUND FOR EUR 129.5 MILLION

    CEDET SOLD TO AN ASIAN FUND FOR EUR 129.5 MILLION

    A fund managed by GLL Real Estate Partners on behalf of Korean investors is acquiring this iconic building in the centre of Warsaw. A beautiful office building spreading over more than 20,000 m2, Cedet was subject to a luxury renovation and was entirely leased before the project had even come to an end.

  • November

    SIGHTS SET ON THE FRENCH MARKET

    SIGHTS SET ON THE FRENCH MARKET

    The Group is widening its operational ground and intensifying its European expansion by opening subsidiaries in France. Looking to cementing its place on this very dynamic market, IMMOBEL has put together a dynamic 5-strong team, led by IMMOBEL France Managing Director, Commercial Property, Julien Michel, and supported by Nafilyan & Partners - a key player of the residential property market in the Île-de-France region. The Group also relies on a development plan for office, hotels, multi- product and trade activities, using its own funds and developing management activities available to third parties.

  • December

    BACK IN FORCE IN THE EUROPEAN QUARTER

    BACK IN FORCE IN THE EUROPEAN QUARTER

    Following its acquisition of Michaël Ostlund Property SA, owner of the Belliard 5-7 building located at the corner of Rue Belliard and Rue du Commerce at the heart of the European Quarter, the Group confirms its ambition to participate in the development of this fast-developing neighbourhood. Its expertise in terms of office space and its attention to new lifestyles enable it to plan for a sustainable, innovating and ambitious urban project from an architectural standpoint.