Founded in 1983, Cofinimmo was originally an investor in office real estate. In 2005, riding on demographic trends, Cofinimmo moved into healthcare real estate with a diversification in terms of country, operator and medical speciality.
At the end of 2007, Cofinimmo acquired an entire portfolio of pubs in Belgium and the Netherlands, owned until then by Immobrew SA, a subsidiary of AB InBev and renamed Pubstone SA.
In December 2011 Cofinimmo acquired a portfolio of insurance services agencies in France, rented to the group MAAF, a subsidiary of the French insurance group Covéa. This acquisition was made by a newly established subsidiary of Cofinimmo, named Cofinimur I.
Today, the company has a portfolio spread across Belgium, France, the Netherlands, Germany, Spain, Finland and Ireland. Healthcare properties represent more than 59% of the overall portfolio and is expected to grow significantly.
|1994:||Listing on the Brussels Stock Exchange, now called Euronext|
|1996:||Adoption of the Belgian SICAFI status (Belgian REIT regime)|
|2005:||Diversification of the portfolio. First investment in healthcare real estate in Belgium|
|2007:||Acquisition of the property of a first distribution network (sale and lease back with AB InBev)|
|2008:||Start of activities in France, in the healthcare real estate segment. Adoption of SIIC status (French REIT regime)|
|2011:||Acquisition of the property of a second distribution network (sale and lease back with MAAF)|
|2012:||Start of activities in the Netherlands in the healthcare real estate segment. Adoption of FBI status (Dutch REIT regime)|
|2014:||Start of activities in Germany in the healthcare real estate segment. Adoption of RREC status in Belgium|
|2015:||Capital increase with preference rights in the amount of 285 million EUR|
|2016:||Inaugural issue of 'Green & Social Bonds' - private placement of 55 million EUR|
|2018:||Capital increase for an amount of 155 million EUR. 50% of global portfolio invested in healthcare real estate. Start of rebalancing of the office portfolio towards Brussels CBD|
|2019:||Start of activities in Spain in the healthcare real estate segment|
|2020:||Start of activities in Finland in the healthcare real estate segment. Launch of project 30³, aimed at reducing by 2030 the portfolio’s energy intensity by 30% compared to the 2017 level. Capital increases in the amount of nearly 143 million EUR. Issue of a 500 million EUR benchmark-sized sustainable bond|
|2021:||Start of activities in Ireland in the healthcare real estate segment|