Banimmo: Results of the first half-year of the financial year 2019
August 29 2019 - 12:48AM
Banimmo: Results of the first half-year of the financial year 2019
Highlights first half-year 2019
- Preparation of the start of 3 new projects: North Plaza 9 in
North district of Brussels, the new activity center of ING in
Louvain-La-Neuve and new offices on the ‘The Loop’ site in
Ghent
- Stable rental income of € 1,8 million
- The consolidated net result (IFRS) shows a loss of € 3.14
million
- Expected 2019 result: loss of € 3.30 million, taking into
account potential divestments
- The value of the property portfolio amounts to € 129.42 million
on a balance sheet total of € 140.1 million
- By the conclusion of 2 financings (a credit line and a
subordinated loan) with reference shareholder Patronale Life (total
€ 27.5 million) the company disposes of the necessary means to fund
its construction and development projects
- Laurent Calonne was appointed as new CEO in May 2019
Contact
BanimmoBischoffsheimlaan 33BE-1000 BrusselsTel.: +32 2 710
53 11 www.banimmo.be |
Laurent CalonneCEOLaurent.Calonne@banimmo.be |
Werner Van WalleChairman of the board of
directorsWerner.VanWalle@patronale-life.be |
On Banimmo
Banimmo is a listed property developer ‘pur
sang’ that focuses on the development of office buildings in
Belgium, through the redevelopment of sites with potential and the
construction of ‘built-to-suit’ projects for its customers. The
current property portfolio comprises ca. 65,000 m2 of buildings and
ca. 275,000 m2 of land and building reserves. The company
differentiates itself through focusing on sustainability and city
centres and their environment.Banimmo is listed on the regulated
market of Euronext Brussels (BANI).
- Banimmo_HJR_2019_ENG_web_PB
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