IMMOBEL Luxembourg

IMMOBEL sells landmark Cedet building in Poland to Asian funds for EUR 129.5 million

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.

IMMOBEL conquering the French Market

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.

The INFINITY construction site has celebrated its first anniversary in October !

A look back in images at how this year has progressed.

IMMOBEL CELEBRATES RETAIL BOND ISSUANCE

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 25^th, 2018.

IMMOBEL wins at the Trophées du droit (legal awards) - Business Edition

At the fourth edition of the Trophées du Droit - Business Edition in Paris, IMMOBEL Group received a special mention rewarding its performance and its pioneering policy over the last three years.

Early closure of the EUR 100 million retail bond issue

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

IMMOBEL launches a bond-issue to retail investors of minimum 75 MEUR

IMMOBEL hereby announces that on 5 October 2018 it will launch an issue of 5-year and 7-year bonds (respectively the “5-year tranche” and the “7-year tranche”) for an aggregate minimum amount of 75 MEUR and an aggregate maximum amount of 100 MEUR.

IMMOBEL and Fort Partners are in exclusive talks with Four Seasons with the intention to develop a new resort in Marbella, Spain

However, as the transaction is still subject to different conditions precedent, IMMOBEL will communicate more in detail once appropriate.

IMMOBEL continues in its international growth and confirms its dividend increase of 10 %

IMMOBEL’s revenues in the first half of 2018 increased by 77 % to EUR 97.7 million while its net income (Group share), amounted to EUR 15 million.

IMMOBEL Luxembourg is broadening its real estate development portfolio in the capital

IMMOBEL Luxembourg announces the acquisition of Thomas S.A., owner of the administrative building located at 1 rue Thomas Edison in Luxembourg-Strassen.

IMMOBEL pays a dividend of 2.20 EUR per share in circulation

For 2017, the Board of Directors proposed the payment of a dividend of 2.20 EUR per share in circulation.

IMMOBEL acquires 30 % of Urban Living Belgium NV and expands its development portfolio, mainly in Flanders

Through this acquisition, IMMOBEL reinforces the implementation of its strategy and its desire to continue broadening its development portfolio in Belgium.

IMMOBEL increases its dividend by 10 % and achieves its objectives

IMMOBEL posts a net income of EUR 11 million for 2017.

This result is in line with our forecasts and reflects the transition of the past year: consolidation of acquisitions, strengthening of teams, acquisition of new plots and geographical and sectoral expansion.

IMMOBEL and REAL I.S. AG announce an agreement on the sale, under conditions, of the Luxemburg company INFINITY WORKING & SHOPPING SA

IMMOBEL Holding Luxembourg Sarl ("IMMOBEL") and REAL I.S. AG GESELLSCHAFT FÜR IMMOBILIEN ASSETMANAGEMENT ("REAL I.S. AG") announce an agreement concerning the transfer of 100% IMMOBEL shares in the company INFINITY WORKING & SHOPPING SA to the German asset manager and investor REAL I.S. AG.

IMMOBEL plans to acquire the French property group NAFILYAN & PARTNERS in three stages, thus confirming its international diversification strategy

Through this acquisition, IMMOBEL confirms the implementation of its strategy and its desire to continue developing its property portfolio in the European market. NAFILYAN & PARTNERS is one of the most dynamic residential property players in Ile-de-France.

INFINITY, one of the biggest building projects of the year gets under way

IMMOBEL Luxembourg announces the end of the earthworks and the start of
the building of its flagship project in Luxembourg.

IMMOBEL launches a number of new projects in Belgium,in Luxembourg and in Poland.

The Group reports net income of 5.3 MEUR for the first six months of 2017.

IMMOBEL pays a dividend of 2 EUR per share in circulation

For 2016, the Board of Directors proposed the payment of a dividend of 2 EUR per share in circulation.

IMMOBEL has successfully placed a 5-year 100 MEUR bond in one day

IMMOBEL has completed the book building of a private placement of bonds due 2022, and in one day raised 100 MEUR, the top of the target range, at a coupon of 3%.

Luxembourg takes to the heights: INFINITY officially begins its ascent

On Thursday 27 April, IMMOBEL LUXEMBOURG laid the first stone of the INFINITY project. The complex will cover 33,300m² and will be delivered in late 2019/ early 2020.