IMMOBEL is the largest Belgian property developer quoted on the stock exchange. The Group develops and sells innovative and inspired projects, responding to the needs of cities and their inhabitants.
Presentation
IMMOBEL pursues a dynamic and measured strategy in the acquisition and management of projects. In 2018 the Group is committed to develop its portfolio to create value.
Strategy
IMMOBEL’s revenues in the first half of 2019 increased by 44.1% to EUR 140.8 million while its EBITDA and net profit (Group share) amounted to EUR 67.2 million and EUR 56.4 million respectively. This results in a net profit of EUR 6.43/share compared to EUR 1.71/share during the same period last year. This means that in the first six months alone it achieves a result equal to the annual result for the record year 2018.
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IMMOBEL will be included in the BEL Mid index, the Mid-Cap stock Index of Euronext Brussels. The inclusion in this index will take effect as from 23 September 2019.
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IMMOBEL Luxembourg announces the end of the marketing of INFINITY LIVING, its landmark residential project in Luxembourg.
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IMMOBEL is announcing the sale of a plot of land in Wavre intended to accommodate the Saint-Pierre Clinic after its move from Ottignies. This transaction will enable the Clinic to move closer to Wavre and offer more mobility to its future patients. It is a great sale that adds to the Group’s various achievements already realised in 2019 and further underlines the performance of its teams.
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