Cofinimmo is the foremost listed Belgian real estate company specialising in rental property. The company owns a property portfolio spread across nine European countries (Belgium, France, the Netherlands, Germany, Spain, Finland, Ireland, Italy and the United Kingdom) with a value of approximately 6.2 billion EUR by 2023. It involves healthcare properties (75% of the real estate portfolio), offices (18%), and property of distribution networks (7%). The healthcare real estate portfolio has a value of approximately 4.6 billion EUR.
As an independent company applying the highest standards of corporate governance and sustainability, Cofinimmo offers tenant services and manages its portfolio through a team of approximately 155 employees in Brussels, Paris, Breda, Frankfurt and Madrid.
The company benefits from the REIT regime in Belgium (RREC - Regulated Real Estate Company), in France (SIIC - Société d'Investissement Immobilier Cotée) and in the Netherlands (FBI - Fiscale Beleggingsinstelling). Its activities are supervised by the Financial Services and Markets Authority (FSMA), the Belgian regulator.
Cofinimmo was founded in 1983 with a capital of 6 million EUR.
1994: Listed on the Brussels stock exchange, now called Euronext Brussels
1996: Adopted Belgian SICAFI status
2005: First healthcare real estate investment in Belgium; First public-private partnership (PPP): the Antwerp courthouse
2007: Launched partnership with AB InBev Group for a portfolio of 1,068 pubs and restaurants located in Belgium and the Netherlands (Pubstone)
2008: First healthcare real estate investments in France; Adopted SIIC status (French REIT regime); First ISO 14001 certification
2011: Launched partnership with MAAF for a portfolio of 283 insurance agencies in France (Cofinimur I); Issued first convertible bonds
2012: First healthcare real estate investments in the Netherlands; Adopted FBI status (Dutch REIT regime)
2014: First healthcare real estate investments in Germany; Adopted RREC status in Belgium; First sustainability report based on GRI index
2015: Capital increase with preference rights in the amount of 285 million EUR; Continued investing in healthcare real estate in the Netherlands and Germany
2016: Continued investments in healthcare real estate in the Netherlands and Germany; Opened first Flex Corners® and The Lounge® sites; Issued green & social bonds
2018: Capital increase with irrevocable allocation rights in the amount of 155 million EUR; Accelerated investments in healthcare real estate (300 million EUR) ; Initiated the rebalancing of the office portfolio
2019: Launched the 30³ project, aimed at reducing the portfolio's energy intensity by 30% by 2030 from 2017 levels, based on SBTi (Science Based Targets initiative); Continued to accelerate investments in healthcare real estate (almost 500 million EUR); First healthcare real estate investments in Spain; Accelerated rebalancing of the office portfolio in the Brussels' CBD (Central Business District); Over 56% of the consolidated portfolio invested in healthcare real estate
2020: First healthcare real estate investments in Finland; Capital increases in the amount of nearly 143 million EUR; Issued a first 500 million EUR benchmark sustainable bond; More than 700 million EUR invested, including nearly 600 million EUR in healthcare real estate in Europe; 59% of the consolidated portfolio invested in healthcare real estate
2021: Almost 1 billion EUR invested in healthcare real estate in Europe; First healthcare real estate investments in Ireland, Italy and the United Kingdom; 67% of the consolidated portfolio invested in healthcare real estate; Contribution of the office portfolio into a subsidiary; Capital increases in the amount of nearly 565 million EUR; Partially disposed the Cofinimur I portfolio (property of distribution networks)
2022: Almost 550 million EUR invested in healthcare real estate in Europe; 70% of the consolidated portfolio invested in healthcare real estate; Capital increases in the amount of nearly 114 million EUR; Further disposal of part of the Cofinimur I portfolio; 76 million EUR divested in office buildings
2023: Inclusion in the new Euronext BEL ESG index and the Financial Times' 500 Europe's Climate Leaders list; 75% of the consolidated portfolio invested in healthcare real estate; Capital increases in the amount of nearly 247 million EUR; Completion of the disposal of the Cofinimur I portfolio; 40th anniversary of the group on 29.12.2023
