Message from the Executive Chair
2021 announced itself as the year of transition. At the start of the year, the massive vaccination drive brought a return to normal life within grasp. However, as autumn turned into winter, reality kicked in and it became clear that COVID and its impact on socio-economic life would not disappear overnight.
Next to the latest pandemic, in 2021 we faced several structural trends: the effects of climate change, rising environmental awareness, a need to address social inequality, and exploding digitalisation. The urban environment grapples with structural supply challenges because of increased urbanisation and an aging population. These megatrends impacted our business and society at large and will continue to do so in the long run.
Read the message from the Executive ChairOur strategy
Through both property developments and investments, Immobel Group aims to build sustainable and high-quality urban environments on the European property market to meet the needs of the people who live, work and spend leisure time there. Immobel delivers major mixed-use urban projects thanks to the variety of expertise within its staff.2021 Key figures
For cities
1,600,000 m² under development
> EUR 725 mio of market capitalisation
EUR 5.5 bio in gross development value (GDV)
> 85 projects under development
71% residential projects in portfolio
> 200 f/m talents
For people
2021 Highlights
ESG commitment
Since we are very aware that buildings become a part of cities for a very long time, we want our projects to be healthy living places. The current health crisis has shown us, more than ever, what will count in the future: the ability of places to contribute to our quality of life, to reduce our environmental footprint and to actively contribute to the vitality of the region.Magazine
What’s a city without its people?
Simply a collection of empty shells. At Immobel we are committed to co-create cities that live and breathe. Cities that are attractive places to live and work in, and to enjoy.
Places that inspire, connect, and bring peace and fulfillment. Everyone has their own individual story of what a city means to them. In the following articles we share some of these stories. We hope you enjoy reading how people are shaping or reshaping our cities, for the benefit of the users, the community, and the environment.
Shareholder information
Immobel aspires to a dividend increase of up to 10% every year, subject to the absence of any unforeseen exceptional events. For the 2021 financial year, the Board of Directors confirms an increase of 10%, bringing the dividend to EUR 3.05 per share.
Portfolio by property type
* Gross Development Value: the total expected turnover (group share) of all projects in the portfolio
15.9 %
ROE - average over 6 years
Dividend per share (€/share)
Activities by country
Belgium
2021 was again a very active year for Immobel in Belgium. We confirmed our leading market position with about 635,000 m² of residential and office projects under development.
France
2021 proved to be a more successful year for Immobel France than 2020 in terms of business activity. However, we have not yet returned to the pre-pandemic levels of 2017 to 2019.
Luxembourg
Despite the health crisis, demand in the Luxembourg residential market has increased, leading to upward pressure on prices. Customers are looking for comfortable outdoor spaces and are placing greater emphasis on single-family homes on the outskirts. During 2021 we worked on new acquisitions.
Poland
The impact of COVID-19 on construction work and sales activities remained fairly limited in Poland.
Germany
The German market has once again proved to be one of the most resilient. The impact of COVID-19 is still clearly noticeable in the office and hotel markets, but residential, logistics and retail are doing better. In the residential market in particular, which we focus on, there is an immense surplus of demand.
Spain
In 2021 the Spanish market was dynamic, especially in residential real estate and logistics. Immobel Spain’s main achievement in 2021 was approval of urban planning permission for the Marbella Four Seasons Resort.
United Kingdom
In 2020 and 2021 Immobel laid the groundwork for its investment management activity. Since early 2022, these activities are grouped in Immobel Capital Partners which operates from the United Kingdom.
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Sections
- Message from the Executive Chair Download the PDF (1.19 Mb)
- Key figures 2021 and shareholder information Download the PDF (0.42 Mb)
- Highlights Download the PDF (0.75 Mb)
- Who we are Download the PDF (1.31 Mb)
- Magazine : The people of our cities Download the PDF (7.37 Mb)
- Activities in Belgium Download the PDF (0.88 Mb)
- Activities in France Download the PDF (0.85 Mb)
- Activities in Luxembourg Download the PDF (0.94 Mb)
- Activities in Poland Download the PDF (0.57 Mb)
- Activities in Germany Download the PDF (0.94 Mb)
- Activities in Spain Download the PDF (0.40 Mb)
- Activities the United Kingdom Download the PDF (0.41 Mb)
Reports and documents
- ESG report Download the PDF (3.39 Mb)
- Management report Download the PDF (0.66 Mb)
- Corporate Governance Statement Download the PDF (0.83 Mb)
- Remuneration policy Download the PDF (0.84 Mb)
- Remuneration report Download the PDF (1.01 Mb)
- Consolidated & statutory condensed financial accounts Download the PDF (2.34 Mb)
- General information Download the PDF (0.59 Mb)