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Banimmo

Banimmo is a multinational company well known for offering property relocation services, which means that the company focused on the technical and commercial restoration of underrated or outdated buildings of a particular size (should have a principle of minimum of 5 Million euro together with labour) in the three major geographical markets on which it concentrates the most Belgium, France and Luxembourg. The company aims for Business to Business property assets, which comprises of mainly the office spaces, shopping centres and shopping malls together with more explicit commercial property assets, such as convention centres and centres for exhibition.

Once Company identifies all the potentially beneficial buildings, Banimmo carries out all the essential renovations, which may consist of structural work, at the same time keep hold of all the existing tenants as far as possible. All the refurbished spaces are rented out by the company with the support of brokers, which cooperates in an active role in their commercialisation. The endeavor is to add to & boost the property's value, based on threefold approach: first is escalating the possible rental value, the other is reducing the property management costs and lastly is diminishing the property's capitalization rates. After carrying out all this approach the property is resold to end investors. The company relies on an extensive range of competences, in the area of local networks, project management, as well as financial and tax expertise. A company with its sturdy equity base and the availability of outside financing, Banimmo is capable to raise significant financial resources and to carry out itself rapidly.

As far as some major accomplishment of Banimmo is considered, the income of the assets obtained in 2010 recompense with the rental income of the assets sold in 2011. In 2012 the company reported 11.6 Million Euro net rental income was reported from investment properties. During the first quarter of this year, Banimmo (NYSE Euronext BANI) has made major accomplishments with regard to the renting up of renovated areas. A new 'built to suit' operation was launched. After a first half year considered by some lettings, the 3rd quarter has been less dynamic on the letting side but during this quarter company finished 2 sales after an active first half year on the investment side. The company is signing of new leases or renegotiations for a total surface of 13,410 sqm. significant investment actions with a new construction or renovation prospective of 70,000 sqm replicating an augment of 39% of the prospect sellable surface. Within the structure of the proclaimed Bond Exchange Offer starting on May 2nd 2013, Banimmo (NYSE Euronext BANI) desires to offer the Financial Markets with an update of its financial information. The year 2013 began on a positive note with 3 important operations of which 2 sales and a 1 new built-to-suit.