Our mission & strategy
With attention to social developments, Cofinimmo has the mission of making high-quality care, living and working environments available to its partners-tenants, from which users benefit directly.
“Caring, Living and Working - Together in Real Estate” is the expression of this mission.
More specifically, Cofinimmo’s mission is to:
- offer its shareholders a long-term, low-risk and socially responsible investment that generates recurring, predictable and growing dividends;
- offer its direct tenants premium care, living and working spaces that meet current standards and are ready to meet their ever-evolving needs and desires. Its tenants’ residents, their clients and their staff benefit indirectly from Cofinimmo’s services;
- offer its employees opportunities for collective and personal development in an atmosphere respectful of all and in a fulfilling work and life environment.
Beyond the stakeholders mentioned above, the community itself greatly benefits from Cofinimmo’s services on a multitude of levels, whether in healthcare, the working world or simply in places where people exchange and share. Furthermore, Cofinimmo participates in the enhancement and renovation of public and parapublic property thanks to large-scale projects undertaken in the framework of public-private partnerships.
Healthcare real estate
Cofinimmo’s strategy involves consolidating its leadership in European healthcare real estate.
The growth of the Group will go hand-in-hand with diversification, already started, in the healthcare sector itself: once restricted to nursing and care homes, it now offers other types of assets accessible to an investor endowed with expertise and substantial experience in healthcare real estate such as Cofinimmo.
Furthermore, diversification will also take place on a geographical level through the extension of the group’s activities beyond the countries currently covered, namely Belgium, France, the Netherlands, Germany and Spain.
Given the above, it is clear that the share of healthcare real estate in Cofinimmo’s global portfolio, which has already reached approximately 56%, is destined to grow significantly.
Property of distribution networks and PPPs
Property of distribution networks, as well as public-private partnerships (PPPs), share with healthcare real estate the characteristic of generating high, predictable and indexed cash flows through generally very long-term contracts. As such, they fit perfectly within the Group’s strategy.
Property of distribution networks and PPPs, however, are two niche markets that only occasionally present opportunities. As such, they cannot be counted on as a growth engine in the forthcoming years.
Nevertheless, with these markets being only accessible to a limited number of sufficiently qualified investors, Cofinimmo intends to study opportunities as soon as they arise.
Since its establishment in 1983, Cofinimmo has been a major player in the Brussels office market, which is composed of different sub-segments.
It is in this market that the company has built its expertise in real estate over the past 35 years. Specifically, Cofinimmo’s staff is well-versed in the A to Z management of major projects encompassing the design, construction, renovation, reconversion and development of sites, with the goal of either renting or selling. It is an expert in every aspect of the building life cycle. This know-how has expanded from offices to healthcare real estate, property of distribution networks and PPPs, which benefit from the synergies thus created.
After having divested large office spaces which are considered as term risks, Cofinimmo is emphasising the rebalancing of its offices portfolio by reducing its presence in the Brussels decentralised zone to the benefit of high-quality buildings located in the Central Business District (‘CBD’). The vacancy rate in this sector, which is weaker than the average in the Brussels market, makes it possible to obtain higher net returns.
Benefits of the strategy for stakeholders: