Immobel Capital Partners, the London-based investment management business of Immobel Group, announces the appointment of Maureen Mahr von Staszewski as Head of Pan European Office, with day to day responsibility for driving the growth and performance of its green office strategy.

Today, the General Meeting has approved the distribution of a dividend of EUR 3.05 gross per share in circulation, representing a 10% dividend increase.

Further to the resolutions taken today by the General Meeting, a dividend of EUR 3.05 gross per share in circulation will be paid for the fiscal year 2021, payable as from 27 April 2022 on presentation of coupon n° 32.

Strong full year results underline Immobel's resilient business model.

Immobel delivered a strong set of results achieving substantial growth in revenues.  Net profit group share grew to EUR 92.2 million up from EUR 33.3 million in 2020. The return on equity stood at 19%, well above the Company’s 15% target. EBITDA doubled from EUR 52.8 million to EUR 103.8 million.

Immobel Capital Partners, the investment management business of Immobel Group, the largest listed real estate developer in Belgium, announces it has signed a sale and purchase agreement[1] to acquire 50% of the White Rose Park from OIRP Investment 10, part of Orion Capital Managers. White Rose is a green office campus situated just outside of the City of Leeds.

The investment management activities of Immobel will be grouped within Immobel Capital Partners. It will operate under the leadership of newly appointed CEO Duncan Owen and his team based in London.