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Leasinvest – (Belgium LEAS/L3R)
Tuesday, 12 July 2011 07:43

LeasInvest owns high-quality offices, retail and logistics properties in Belgium and Luxembourg with a portfolio comprising about 55 buildings (40 in Belgium and 15 in Luxembourg), with approx 350k sqm of space worth approx €500m including Leasinvest Immo Lux (mid-2011). Major shareholders are Ackermans & Van Haaren Group (@30%) and AXA Belgium (@30%). It became a real estate investment trust (Bevak/Sicafi) and listed in 1999/2000 and acquired a handful of buildings in 2000/1; merged by absorption with Brussimmo and Ekiport in 2002/3; cut a deal with AXA Belgium and acquired another couple of buildings in 2004/5; acquired just over half (going upto @95%+) of Leasinvest Immo Lux (ex-Dexia Immo Lux with about 15 buildings in Luxembourg), and all of Leasinvest Immo Lux Conseil (ex-Dexia Immo Lux Conseil), and bought a portfolio of buildings from Extensa Group via a contribution in kind from AXA Belgium in 2005/6; renamed Dexia Immo Lux as Leasinvest Immo Lux and Dexia Immo Lux Conseil as Leasinvest Immo Lux Conseil and bought a couple more buildings in 2006/7; acquired some retail via a deal with Retail Estates, bought Canal Logistics Brussels, Montimmo SA, and delisted Leasinvest Immo Lux in 2007/8; and has been busy buying, selling and developing since.

LeasInvest Website Link

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Last Updated on Tuesday, 30 July 2013 03:14