Befimmo

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Company profile

Befimmo is the second-largest SICAFI (REIT) in Belgium, with a €2.2bn portfolio. In 2006, Befimmo won the tender for the Fedimmo (Belgian government) portfolio (€725m at 5.5% NIY). The initial contract duration (17 years) significantly enhanced Befimmo’s defensive profile. In late 2012, shareholders approved the internalisation of property management and the conversion of the company structure into an NV, improving corporate governance and increasing management control over the portfolio.