Annual Report 2016

Immobel Group
Annual Report 2016
IMMO € %
en

Our activities in Belgium

Overview

  • Offices
  • Residential
  • Landbanking
135.500 m²
office space
± 4.000
residential units
425ha
landbanking

Market Analysis

  • Offices

    • Office demand increases more than 30% year-over-year
    • Brussels demand driven by the Belgian public sector and let action from corporates
    • New space leasing well in Antwerp

  • Residential

    • Population, income growth and low interest rates support increasing transaction prices
    • Larger regional cities experience strong recent price growth
    • Typical apartment exit values in Brussels range from 2,200 EUR/m² to 4,000 EUR/m²

  • Landbanking

    • 30% more apartments in 10 years
    • 1 out 4 housing units is an apartment
    • Building permits increased by 18.1%
Download the market analysis

Our projects in 2016

Offices

  • MÖBIUS - Brussels
    • Negotiations for the sale to an owner-occupier subject to the condition precedent of obtaining the permit
    • Negotiations finalised on 12 September 2016 still subject to the conditions precedent of obtaining the permit
  • BLACK PEARL - Brussels
    • Rental (usufruct) to the European Commission
    • Work of first installations
    • Sale to REAL I.S.
    • Occupation by the European Commission
  • CHAMBON - Brussels
    • Offices: sale and delivery of Carmen and provisional sales agreement on the Beyaert building
  • GATEWAY - Zaventem
    • Construction completed – provisional reception in December 2016
    • Building totally let to Deloitte for a fixed 18-year period
    • Sold to Befimmo
  • BELAIR RAC 2 - Brussels
    • Rental for a fixed 18-year period to the Brussels Capital Region
    • Sale of all shares of RAC 2 SA to REAL I.S.

Residential

  • BELLA VITA - Waterloo
    • Inauguration of the site
    • Residential: first occupants moved in; 265 units out of 269 sold
  • RIVERVIEW - Nieuwpoort
    • Sale of 70% of the units and marketing still underway
    • Delivery scheduled for end of summer 2017
  • CHAMBON - Brussels
    • Hotel: opening of the easyHotel
    • Residential: delivery of Orfeo & Tosca; 2 lofts still to be sold
  • ERNEST - Ixelles
    • Phase 1: Delivery underway
      Residential: student and senior housing: 100% of the units sold and delivered (2015);
      Apartments: more than 90% of the units sold, marketing underway
    • Phase 2: Residential: awaiting permit expected in Q1 2017, favourable discussions in March 2016, pre-selling underway;
      Hotel: sale – provisional sales contract signed in January 2017 (agreement in December 2016); Awaiting the necessary verifications (subject to a suspensive permit clause), permit expected Q2 2017
  • BELAIR RAC 4 - Brussels
    • New partner: Minerva and Skyline group replacing BREEVAST
    • Permit request lodged
  • O’SEA - Oostende
    • Phase 1: Start of marketing in August following granting of permit for 19,000 m² of O’Sea Charme
    • Sale of 18 residential units
  • PARC SENY - Auderghem
    • Management of several appeals against the planning permit and presentation of a modified project with a new architectural bureau (Archi 2000)
    • Lodging and obtention of a modified planning and environmental permit request
    • Start of demolition works
  • LAKE FRONT - Knokke-Heist
    • Phase 1: start of delivery in November 2016
    • Phase 2: start of construction works in May 2016; sale of 72% of the units
  • ROYAL LOUISE - Brussels
    • Permit request lodged in January 2016
    • Modified plans presented in December 2016
  • GREENHILL PARK - Woluwé-Saint-Pierre
    • Permit granting procedure underway
    • Commercialization started in December: 4 units or a level of 8% sold
  • CHIEN VERT - Woluwé-Saint-Pierre
    • Planning permit obtained and modified permit request lodged
  • ÎLOT SAINT-ROCH - Nivelles
    • Pre-project underway
    • Preliminary public information meeting on November 29th 2016
  • PARC SAINTE-ANNE - Auderghem
    • Construction work started
    • Marketing underway: 16 units sold out of 26
  • 3 RUISSEAUX AND GRAND PRÉ RESIDENCES - Chastre
    • Sale of all the apartments except one on the ground floor of the Trois Ruisseaux residence
    • Definitive reception of the common and private areas formalised in December
  • RÉSIDENCE GEORGE GRARD - Oostduinkerke
    • Construction and sales ongoing
    • Building covered and partially closed at the end of 2016
    • 7 apartments sold out of 23
  • CLOS BOURGEOIS - Berchem-Sainte-Agathe
    • 63 apartments sold out of 78
    • Provisional reception of the sold apartments and common areas
  • DUINENZICHT - Bredene
    • All apartments sold (49 units)
  • DOMAINE DES VALLÉES - Grez-Doiceau
    • First 65 notarial deeds signed
    • Phase 1 (residential): 116 units sold out of 169
    • Works on infrastructure and buildings continuing (houses and apartments) at a good pace
  • CLOS DE LA CHARMERAIE - Brussels
    • Phase 1: 3 houses and 1 apartment sold
    • Phases 2 and 3 of development sold on to a builder
  • VESALIUS - Leuven
    • Sale of more than 85% of the units
  • ‘T ZOUT - Kosijde
    • Waiting for the building permit
    • Finalization of the building permit file (architecture, authorizations,…)
  • LEBEAU - Brussels
    • Sketches and conceptualization in progress for the definition of the program
  • UNIVERSALIS PARK - Brussels
    • Start of commercialization Q4 2016
    • Planning permission obtained to build a first phase of 140 units on lot 3
    • Planning permission to subdivide the first phase in 161 units is expected for Q1 2017
    • Work in progress since Q2 2016
    • The permit has been the subject of an action for annulment
    • Planning permission to subdivide lot 2 is pending and expected for Q4 2017
    • Planning permission application filed to an urban planning permit for the central park of lot 3
    • The new draft of the PPAS initiated by the Commune of Ixelles should be approved in the first half of 2018
  • KONINGSLAAN - Knokke-Heist
    • Signature of an agreement at the end of 2016 between AGSO Knokke and the neighbour who benefited from a right of use
    • Signature of the first acquisition contract for part of the site
    • Optimization of the plans and preparation of the permit request dossier
  • FLINT - Leuven
    • Reception of the common and privative parts in August and September
  • VAARTKOM - Leuven
    • Acquisition of the project
    • Negotiations with the operator for residential services
    • Negotiations with a buyer-occupant for the offices

Landbanking

  • VERGER DE FAYENBOIS - Grivegnée
    • End of infrastructure works at the end of the year and provisional reception obtained
    • Signature for the sale of the first 19 lots of which 10 notarial deeds
    • Conventions signed with builders for 51 lots
  • GINGELOM - Limbourg
    • End of infrastructure works and provisional reception obtained in May
    • Sales agreements for first 4 lots signed
    • Modified building permit request lodged in order to make use of parts of the extra lots
  • MIDDELKERKE - West Flanders
    • Start of infrastructures works after completion of archaeological research
  • WAREMME - Liège
    • Excellent sales year : 19 agreements signed
  • GEEL - Anvers
    • 14 sales deeds enacted and 5 provisional agreements signed
  • EGHEZÉE - Namur
    • A great deal of interest for this new parcel:18 sales completed
  • LONTZEN - Liège
    • Marketing of 9 lots
    • Definitive reception of the roadways
  • WAVRE 5 SAPINS - Wavre
    • Two permits granted
    • Programming of the infrastructure works for the spring
  • SEILLES BELLE VUE - Andenne
    • Worksite finished at the beginning of the year
    • Marketing of 13 lots
  • ASSE - Asse
    • Infrastructure works
    • Pre-sale of 14 parcels to a builder
  • SOIGNIES - Soignies
    • Marketing of 11 lots : 2 contracts concluded and 9 reservations signed
    • Provisional reception of the roadways in November 2016