IMMOBEL Belgium

IMMOBEL reinforces the international scope of its activities and management

As from 1^st July, Marnix Galle, the current Executive Chairman of the Board of Directors, will temporarily combine his duties as Executive Chairman with those of Group CEO.

The Group’s current CEO, Alexander Hodac, who, together with Marnix Galle, was the architect of IMMOBEL’s transition following the merger with ALLFIN, will be leaving the Group on 30 June, in accordance with his commitment to stay three years after the merger. He will be taking up other professional challenges in the autumn.

Four new developments in Luxembourg for IMMOBEL

2018 was a year of acquisition and consolidation for IMMOBEL Luxembourg. The subsidiary of the group – which is the largest Belgian property development company listed on the Brussels Stock Exchange – recorded some excellent results and expanded its Luxembourg portfolio with the acquisition of 52,000m² of space in premium locations in the capital and its immediate surroundings.

IMMOBEL pays a dividend of 2.42 EUR per share in circulation

For 2018, the Board of Directors proposed the payment of a dividend of 2.42 EUR per share in circulation.

IMMOBEL transfers ownership of Centre Étoile S.à.r.l, owner of the NOVA building to the Monceau Assurances group

IMMOBEL Holding Luxembourg S.à.r.l. (“IMMOBEL”) and Monceau International S.A. ("Monceau Assurances") announce the transfer of 100 % of IMMOBEL’s shareholding  in the company Centre Étoile S.à.r.l., owner of the current NOVA office building (formerly Centre Étoile) located at place de l’Étoile in Luxembourg, to the international insurance group and French real estate investor Monceau Assurances.