Highlights first half-year 2020:
- No COVID-19 impact on rental income, limited impact on planning of construction sites in progress;
- Sale to
Belfius Insurance of 100% of the shares of MC2 Development SA, the company currently building ING’s new activity centre inLouvain-la-Neuve. The transfer of the shares will take place afterING occupies the building and has paid the first rent, foreseen in December 2021. - Bond loan of € 43.8 million repaid on
19 February 2020 , partially with own resources coming from the sale ofSAS Golf Hotel de Chantilly, and partially with a financing by Patronale Life; - Decrease of debt to € 53.3 million with a LTV-ratio of 43.3%;
- The occupancy rate of the portfolio of buildings on
30 June 2020 amounts to 83.74%, a decrease by 7.8% compared to31 December 2019 . This is a consequence of the departure of Unilever from the buildingNETWORKS Forest (previouslyDiamond Building ). - The rental income amounts to € 1.9 million, a slight increase in comparison with € 1.8 million on
30 June 2019 ; - The consolidated net result (IFRS) of the first half-year of 2020 records a loss of € 2.18 million, compared to a loss of € 3.14 million on
30 June 2019 ; - On
30 June 2020 the value of the real estate portfolio amounted to € 87.49 million, compared to a balance sheet total of € 117.7 million; - The Net Asset Value per share according to the accounts stands at € 3.87 on
30 June 2020 ; - The commercialization of NETWORKS Gent and NETWORKS NØR will continue in the second half-year of 2020.
For more information, contact:
Banimmo NV Laurent Calonne
Bischoffsheim 33 CEO Chairman of the board of directors
B-1000 Brussels laurent.calonne@banimmo.be Werner.VanWalle@patronale-life.be
T +32 2 710 53 11
This press release is available on the website of the company www.banimmo.be
On
The current real estate portfolio comprises approximately 38,500 m² of developed surfaces and a reserve of ca. 281,000 m² of development potential.
Attachment
- Banimmo PB_Half-year results 2020_ENG
© OMX, source