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

Banimmo Bischoffsheimlaan 33 BE-1000 Brussels Tel.: +32 2 710 53 11 www.banimmo.be

Laurent Calonne CEO Laurent.Calonne@banimmo.be

Werner Van Walle Chairman of the board of directors Werner.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).

Attachment

• Banimmo_HJR_2019_ENG_web_PB