Traded as Euronext: BEFB Website en.befimmo.be Founded 30 August 1995 | Industry Real estate Headquarters Brussels, Belgium | |
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Type Publicly traded Société anonyme Key people Alain Devos (Chairman), Benoît De Blieck (CEO) Products Ownership and management of office space Stock price BEFB (EBR) € 52.11 -0.01 (-0.02%)1 Mar, 5:35 PM GMT+1 - Disclaimer Profiles | ||
Befimmo beno t de bliec
About Befimmo
Since 1995, Befimmo has been pursuing a policy of investing in quality buildings in ideal locations and letting them to reliable tenants. Since it was founded, and despite a property market that is by its very nature fluctuating, Befimmo has succeeded in sustaining that strategy. It aims to offer its shareholders a stable dividend of a yield level that is balanced in relation to the Company’s risk profile. Building on its experience, Befimmo will continue to work with the same philosophy of creating long-term value for the investors.
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Over time, Befimmo has specialised in particular in investing in office buildings mainly located in city centres, notably in Brussels. Today Befimmo’s portfolio consists of around a hundred office buildings, valued at about €2 billion, more than 65% of which are let long-term to Public Institutions, and almost 73% of which are located in Brussels.
Listed on NYSE Euronext Brussels and a member of the BEL 20 index, Befimmo has a market capitalisation currently superior to €1 billion.
History
On 30 August 1995, “Woluwe Garden D SA” was founded, a subsidiary of the Bernheim-Comofi group (now AG Real Estate), with the mission of buying and letting buildings. The company was originally devoted mainly to the management of a building named "Woluwe Garden D", at boulevard de la Woluwe No 24, Zaventem (St Stevens Woluwe).
The Bernheim-Comofi group then decided to expand its subsidiary’s property portfolio, which was then renamed Befimmo and converted into a Société en Commandite par Actions. On 29 November 1995, Befimmo was approved by the Banking, Finance and Insurance Commission: the first Belgian fixed-capital real-estate investment trust (Sicafi) was introduced on the stock market.
In 2012, Befimmo became a Limited Liability Company and by the end of 2014, the Company became a B-REIT.