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Sustainable development
In line with European Directives, public authorities are required to
set an example in terms of sustainable development.
Buildings built as part of public tenders therefore have a high level
of energy performance.
Cofinimmo provides its expertise in the matter during the construc-
tion and the operation stages.
Building
E-Level
Major features
Courthouse - Antwerp
Not applicable at the time of
construction
•
Night cooling
•
Fixed external solar protection
•
Superior insulation
Fire station - Antwerp
Not applicable for this type
of building
Police station - Dendermonde
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•
IPassive building
•
Solar panels covering the whole roof
•
Type D ventilation system
•
Rainwater harvesting
•
Energy recovery systems in lifts
•
Geothermal energy
Police station - Hekla
Not applicable at the time of
construction
Prison - Leuze-en-Hainaut
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•
Type D ventilation system with heat recovery
•
“Green” roofs
•
Rainwater harvesting for sanitary installations
•
Photovoltaic panels
Student housing - Brussels
Not applicable
•
New high-performance external woodwork
•
Increased façade insulation
•
Rainwater harvesting in 36 units
•
Double flow ventilation with heat recovery
•
Condensing boilers
transferred to the Agency free of charge at the end of the lease. The
annual rent due by the Agency stands at €12.1 million, and com-
prises an investment fee (€7.6 million) and maintenance and facility
management fees (€4.5 million). The contract with the Agency
stipulates that Cofinimmo is responsible for the building’s technical
maintenance services as well as auxiliary services. Cofinimmo
subcontracts these services to specialised firms.
Cofinimmo’s net investment, after the sale of 90% of the investment
fees due by the Agency over 25 years, represents €12.4 million
under the financial lease receivables item of its balance sheet.
The anticipated internal rate of return (IRR) for Cofinimmo amounts
to 10%, after deduction of the annual amortisation of the principal
amount of the receivable.
For more information, see the 2012 Annual Financial Report,
page 53.
Cofinimmo is one of the few European listed real estate
companies to engage in Public-Private Partnerships
in real estate.
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