Brief: Immobel Confirms Dividend Of 2.66 Euros For 2019
27/04/2020 17:48
April 27 (Reuters) - COMPAGNIE IMMMOBILIERE DE BELGIQUE SA
IMMO.BR :
* IMMOBEL RETAINS FOCUS ON RESIDENTIAL AND OFFICE REAL
ESTATE IN
EUROPEAN PRIME LOCATIONS DURING COVID-19 PERIOD
* COMPANY CONFIRMS THE PAYMENT OF DIVIDEND FOR 2019 OF EUR
2.66
* THE COMPANY CONTINUES ITS PROVEN GROWTH STRATEGY AND HAS
SIGNED
A STRATEGIC DEAL WITH ING
* HAD CONTRACTED 65% OF TARGETED SALES FOR 2020 AS AT THE
END OF
MARCH AND IT IS ON TRACK WITH THE PERMIT APPLICATIONS FOR ITS
NEW PROJECTS
* AS PER END OF MARCH, COMPANY HAD SECURED NEW PROJECTS
REPRESENTING GDV OF SOME EUR 340 MILLION
* ON COVID-19: WELL POSITIONED TO CONTINUE ITS PROVEN AND
SUCCESSFUL GROWTH STRATEGY
* IN LIGHT OF THE COVID-19 EPIDEMIC, THE COMPANY HAS ALSO
REVIEWED
ITS FIXED COSTS, WHICH COULD BE REDUCED BY UP TO 30% IF
NECESSARY
* IN GERMANY, CONSTRUCTION SITES NOT IMPACTED IN GENERAL,
AND AS
RESULT EDEN PROJECT IN FRANKFURT WAS NEVER HALTED
* IN BELGIUM, LARGER CONSTRUCTION SITES WERE HALTED AT THE
START
OF THE LOCKDOWN BUT HAVE RESUMED IN THE MEANTIME
* PORTFOLIO AT THE END OF 2019 CONSISTED OF SOME EUR 4.5 B
GDV
WORTH OF PROJECTS, OF WHICH RESIDENTIAL REAL ESTATE ASSETS IN
PRIME LOCATIONS ACROSS MAJOR EUROPEAN CITIES ACCOUNTED FOR
AROUND 75%
Source text for Eikon: ID:nNDL1PPdx3
Further company coverage: IMMO.BR
(Gdansk Newsroom)
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