IMMOBEL Poland

WeWork’s next stop: Central Point

Warsaw, 25 July 2019 – WeWork, global provider of flexible and modern office spaces, continues its expansion across Poland. The company leased 5,500 sqm in its new sixth location - Central Point, Warsaw, a project developed by Belgian-based IMMOBEL and scheduled for completion in mid-2021. WeWork was represented in the lease transaction by global real estate services firm Cushman & Wakefield.

Nafilyan fully acquired by IMMOBEL

IMMOBEL brings forward the acquisition of Parisian property group Nafilyan, which it now fully owns. Expansion in France can now intensify.

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.

MMOBEL 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.

Annual Results 2018

IMMOBEL achieves EUR 75.1 million EBITDA and EUR 56.8 million net profit - a record performance

IMMOBEL’s flagship Central Point project in Warsaw

IMMOBEL has chosen STRABAG as the general contractor of Central Point – an office project located in the heart of the Polish capital, at the corner of Marszałkowska and Świętokrzyska streets.

Cedet has been nominated as finalist for the MIPIM Awards 2019 in the category “Best Refurbished Building”

The Cedet building which was developed by IMMOBEL Poland qualified for the finalists of the prestigious MIPIM Awards 2019 in the category ‘Best Refurbished Building’. Cedet’s redevelopment and extension design is the work of a consortium of architectural studios: AMC Andrzej Chołdzyński - RKW Rhode Kellermann Wawrowsky. The construction was completed in May 2018.

IMMOBEL enters the German market and continues its pan-European growth strategy

The IMMOBEL Group today announces the acquisition of 89,9 % of the shares in the company Europe-Allee Wohnen gsp GmbH, owner of the prestigious EDEN project planned for the centre of Frankfurt. This acquisition in the German market, which is the largest European economy, is in line with the announcement on the intensification of the Group's international diversification.

IMMOBEL sells landmark Cedet building in Poland to Asian funds for EUR 129.5 million

The iconic Cedet building, located in central Warsaw, has been sold to a fund managed by GLL Real Estate Partners on behalf of Korean investors for EUR 129.5 million.

IMMOBEL conquering the French Market

To take up this challenge, IMMOBEL France Tertiaire, a lightweight structure made up of a few professionals with an in-depth knowledge of the French market, will develop the office, hotel, multi-product and commercial property business, investing  the Group’s own funds and undertaking management activities on behalf of third parties.

IMMOBEL CELEBRATES RETAIL BOND ISSUANCE

Alexander Hodac, CEO of IMMOBEL, surrounded by his team, celebrates the success of the 100 MEUR issuance of retail bonds at the opening of the Brussels Stock Exchange on October 25^th, 2018.

Early closure of the EUR 100 million retail bond issue

IMMOBEL’s first public issue aimed mainly at private investors successfully closed and more than twice oversubscribed.

The legendary CEDET building in Warsaw will be open again. The first customers can visit the revitalised place already in May.

IMMOBEL Poland, an investor and developer famous for its spectacular projects, completed revitalisation and development of the legendary CEDET building located in the very heart of Warsaw, at ul. Krucza 50.

Immobel introduces WeWork to Poland. An original community company has chosen Cedet as its first location in Central Europe.

WeWork – an international space, community and services provider, which provides innovative space to large and small companies  in more than 20 countries will move into CEDET. The company, whose services are used by more than240,000  people, wiill occupy nearly 3900 m2 of space on the first and second floor of the building. The new tenant will also have an internal 275 m2 patio for its sole use. Along with the opening of the WeWork headquarters, Warsaw will become the 12^th city in Europe, whose resourceful residents will be able to use such exceptional spaces.

The construction of Central Point – an office building located at the intersection of Marszałkowska and Świętokrzyska Streets – is about to start. The first stage of the construction is going to be implemented by Warbud SA

On 12 April, IMMOBEL Poland and Warbud S.A. signed a contract for the first stage of construction works in the Central Point project.

IMMOBEL increases its dividend by 10 % and achieves its objectives

IMMOBEL posts a net income of EUR 11 million for 2017.

This result is in line with our forecasts and reflects the transition of the past year: consolidation of acquisitions, strengthening of teams, acquisition of new plots and geographical and sectoral expansion.

Close to 8,000 m² of office space leased in CEDET

Immobel Poland marks a very successful end to 2017. Just before Christmas, the company not only signed a lease contract with Smyk, bringing a previous retail tenant back to the refurbished CEDET, but also attracted partners who will lease more than half of the office space in the building.

Cedet to feature an original 1956 neon sign . The reconstructed façade of the building evokes the years of its splendour

The modernised and expanded Cedet (CDT) will be put into operation at the turn of the first and second quarters of this year.  From the beginning of the work, the investor’s intention was to reproduce the original appearance of the building before the fire in 1975. Immobel Poland also decided to recreate the original neon sign construction, which for years was a characteristic feature of the building’s façade. At the beginning of the new year, the renovated sweeping serpentine was hung on the side of the building.by Aleje Jerozolimskie.

Smyk homecoming. The company will open its flagship, near 1,500-metre store in the refurbished CEDET building

Just before Christmas this year, 40 years after opening ‘the largest kids store in Poland’, Smyk representatives and the investor, Immobel Poland, signed the lease agreement.