Befimmo continues its asset rotation strategy
Befimmo ensures a high-quality portfolio by investing in flexible office buildings in triple A locations with value-creating potential, and divesting where it can crystallise the value of mature buildings or where buildings no longer fit its strategy.
Today, Befimmo realised a next step in divesting non-strategic assets:
- with the disposal of the Planet II building located in the Brussels periphery. The property was sold to a Beligan real estate investor and developer at a value in line with the latest fair value as estimated by the independent real estate expert. The occupancy of the building was about 80% based on 3/6/9 leases.
- the sale of a Fedimmo property located in Lokeren. Since the beginning of the year, and in line with the plan, Befimmo sold 4 Fedimmo properties that reached the end of the lease.
About Befimmo
Befimmo is a real-estate investor and operator and a Belgian Real-Estate Investment Trust (SIR-GVV). Focused on office buildings, meeting centres and coworking spaces, our high-quality portfolio is located in Brussels, the main Belgian towns and cities, and the Grand Duchy of Luxembourg. It is worth about €2.8 billion and comprises 63 office buildings and 8 coworking spaces.
Befimmo aims to create environments where people can work, meet, share and live. We are a facilitator of enterprises, entrepreneurs, and their teams. In partnership with our specialised subsidiary Silversquare, we operate coworking spaces and are jointly developing a Belux network of flexible workspaces. Our goal is to become a one-stop-shop that offers organisations, businesses, entrepreneurs and their teams different office combinations fully in line with their needs and provides the full range of solutions for tomorrow’s hybrid work environment.
As an organisation that is human and responsible, we offer inspiring spaces and related services and facilities, in sustainable buildings. Our three commitments - ‘Provide and Rethink Workspaces’, ‘Transform Cities’ and ‘Be Responsible’ - form the basis of the integrated CSR ambitions summarised in our 2030 Action Plan.