Befimmo

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Befimmo SA
Type Publicly traded Société anonyme
Traded as EuronextBEFB
Industry Real estate
Founded 1995
Headquarters Brussels, Belgium
Key people Alain Devos (Chairman), Benoît De Blieck (CEO)
Products Ownership and management of office space

About Befimmo[edit]

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.

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[edit]

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.


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