Immobel enters into a strategic agreement with ING.

Immobel increases its profit by more than 80% to EUR 102.4 million. 2019 was a year of strong growth for Immobel, completely in line with its strategy of prioritising profitability and recurring revenue. The company significantly outperformed its 2019 goals.

BPI Real Estate and Immobel plan to start the redevelopment of De Brouckère in the autumn of 2020

185,000 plants to provide a unique green experience

Sale of INFINITY landmark project to REAL I.S. expected to further drive H2 results

Immobel’s public issue aimed mainly at retail investors successfully closed and was oversubscribed almost six times

Immobel has confirmed its desire for diversification by creating Immobel Germany and naming Michael Henn as CEO of this subsidiary.  A leader on the Belgian property market and quoted on the Brussels stock exchange, Immobel is present in six European countries. Its portfolio of projects under development amounts to almost 1,000,000 m² with an estimated future sales value of 4.4 billion Euros.

Immobel hereby announces that on 4 October 2019 it will launch an issue of 7 ½ - year notes (the “7 ½ - year tranche”) for an aggregate minimum amount of 50,000,000 EUR and an aggregate maximum amount of 75,000,000 EUR.

Immobel’s revenues in the first half of 2019 increased by 44.1% to EUR 140.8 million while its EBITDA and net profit (Group share) amounted to EUR 67.2 million and EUR 56.4 million respectively. This results in a net profit of EUR 6.43/share compared to EUR 1.71/share during the same period last year.  This means that in the first six months alone it achieves a result equal to the annual result for the record year 2018.

Immobel Luxembourg announces the end of the marketing of INFINITY LIVING, its landmark residential project in Luxembourg.

Warszawa, 25 lipca 2019 r. – WeWork, największy na świecie operator elastycznych i nowoczesnych powierzchni biurowych, kontynuuje rozwój swojej działalności operacyjnej w Polsce.

Immobel brings forward the acquisition of Parisian property group Nafilyan, which it now fully owns. Expansion in France can now intensify.

As from 1st July, Marnix Galle, the current Executive Chairman of the Board of Directors, will temporarily combine his duties as Executive Chairman with those of Group CEO. The Group’s current CEO, Alexander Hodac, who, together with Marnix Galle, was the architect of Immobel’s transition following the merger with ALLFIN, will be leaving the Group on 30 June, in accordance with his commitment to stay three years after the merger. He will be taking up other professional challenges in the autumn.

2018 was a year of acquisition and consolidation for Immobel Luxembourg. The subsidiary of the group – which is the largest Belgian property development company listed on the Brussels Stock Exchange – recorded some excellent results and expanded its Luxembourg portfolio with the acquisition of 52,000m² of space in premium locations in the capital and its immediate surroundings.

For 2018, the Board of Directors proposed the payment of a dividend of 2.42 EUR per share in circulation.

Immobel achieves EUR 75.1 million EBITDA and EUR 56.8 million net profit - a record performance

Immobel has chosen STRABAG as the general contractor of Central Point – an office project located in the heart of the Polish capital, at the corner of Marszałkowska and Świętokrzyska streets.

The Cedet building which was developed by Immobel Poland qualified for the finalists of the prestigious MIPIM Awards 2019 in the category ‘Best Refurbished Building’. Cedet’s redevelopment and extension design is the work of a consortium of architectural studios: AMC Andrzej Chołdzyński - RKW Rhode Kellermann Wawrowsky. The construction was completed in May 2018.

The iconic Cedet building, located in central Warsaw, has been sold to a fund managed by GLL Real Estate Partners on behalf of Korean investors for EUR 129.5 million.

Alexander Hodac, CEO of Immobel, surrounded by his team, celebrates the success of the 100 MEUR issuance of retail bonds at the opening of the Brussels Stock Exchange on October 25th, 2018.

To take up this challenge, Immobel France Tertiaire, a lightweight structure made up of a few professionals with an in-depth knowledge of the French market, will develop the office, hotel, multi-product and commercial property business, investing  the Group’s own funds and undertaking management activities on behalf of third parties.

Immobel’s first public issue aimed mainly at private investors successfully closed and more than twice oversubscribed.

Spółka Immobel Poland, inwestor i deweloper słynący z realizacji spektakularnych projektów, zakończył rewitalizację i rozbudowę legendarnego CEDET-u, zlokalizowanego w samym sercu Warszawy przy ul. Kruczej 50.  

WeWork –  międzynarodowy dostawca przestrzeni, społeczności i usług, który zapewnia innowacyjną przestrzeń dla dużych i małych firm w ponad 20 krajach, w tym roku wprowadzi się do CEDETU.