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2015
IN BRIEF
FINANCE
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Strengthening of financial and debt structure:
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Capital increase with preferential subscription rights of 285.4 million EUR.
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Private bond placement for 190 million EUR.
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Renewal of bilateral and syndicated bank loans for 749 million EUR.
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Restructuring of interest rate hedging instruments.
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Thanks to these operations, Cofinimmo has:
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a higher market capitalisation (2.1 billion EUR versus 1.7 billion EUR at
31.12.2014);
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a longer average debt maturity (5.3 years versus 3.4 years at 31.12.2014);
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a lower cost of debt (2.9% versus 3.4% at 31.12.2014);
•
an increased Standard & Poor’s rating (from BBB- to BBB for the long term
and from A-3 to A-2 for the short term).
PORTFOLIO
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ACQUISITIONS
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The Netherlands: three medical office buildings, two care centres for disabled
people and a rehabilitation centre.
•
Germany: two sport and wellness centres and a rehabilitation clinic.
•
Belgium: extension of a nursing home.
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RENOVATIONS / CONSTRUCTIONS / EXTENSIONS
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Healthcare real estate: 23,140 m².
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Offices: 35,250 m².
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NEW PARTNERSHIPS
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Treureal as technical advisor for asset management in Germany.
•
Camelot Europe for temporary occupancy of vacant buildings.