Cofinimmo
 | This article possibly contains original research. (June 2024) |
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| Company type | Société anonyme |
|---|---|
| Euronext Brussels: COFB
BEL 20 component | |
| Industry | Real estate |
| Founded | 1983 |
| Headquarters | Brussels, Belgium |
Key people | Jean-Pierre Hanin (CEO) |
| Website | www.cofinimmo.com |
Cofinimmo is the foremost listed Belgian real estate company specialising in rental property. The company owns a property portfolio spread across nine European countries (Belgium, France, the Netherlands, Germany, Spain, Finland, Ireland, Italy and the United Kingdom) with a value of approximately 6.2 billion EUR by 2023. It involves healthcare properties (75% of the real estate portfolio), offices (18%), and property of distribution networks (7%). The healthcare real estate portfolio has a value of approximately 4.6 billion EUR.
As an independent company applying the highest standards of corporate governance and sustainability, Cofinimmo offers tenant services and manages its portfolio through a team of approximately 155 employees in Brussels, Paris, Breda, Frankfurt and Madrid.
Cofinimmo is listed on Euronext Brussels and is part of the BEL20 index.
The company benefits from the REIT 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.
History[edit]
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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
