Banimmo: Results of the first half-year of the financial year 2020
27 Agosto 2020 - 5:40PM
Banimmo: Results of the first half-year of the financial year 2020
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 in Louvain-la-Neuve. The
transfer of the shares will take place after ING 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
of SAS 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 to 31 December 2019. This is a consequence of the
departure of Unilever from the building NETWORKS Forest (previously
Diamond 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 Werner
Van WalleBischoffsheim
33 CEO Chairman
of the board of directorsB-1000
Brussels laurent.calonne@banimmo.be Werner.VanWalle@patronale-life.beT
+32 2 710 53
11
This press release is available on the website of
the company www.banimmo.be
On BanimmoBanimmo is an important
player in the transformation of tertiary real estate assets and the
development of build-to-suit building that respond to the needs and
strict criteria of investors-users and tenants.The current real
estate portfolio comprises approximately 38,500 m² of developed
surfaces and a reserve of ca. 281,000 m² of development
potential.
- Banimmo PB_Half-year results 2020_ENG
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