COFINIMMO

What we do: Cofinimmo is a leading Belgian real estate investment trust (REIT) specializing in rental properties, with a strong focus on healthcare real estate—about 77% of its portfolio—as well as offices and distribution network properties. The company owns and manages a diversified portfolio valued at approximately 6 billion EUR, spread across Belgium, France, the Netherlands, Germany, Spain, Finland, Ireland, Italy, and the United Kingdom. Cofinimmo’s healthcare assets include nursing and care homes, rehabilitation centers, psychiatric and acute care clinics, while its office portfolio is concentrated in high-quality buildings in Brussels’ Central Business District. The company also invests in public-private partnerships and manages properties for public authorities, such as courthouses and prisons. Cofinimmo is publicly listed on Euronext Brussels (BEL20) and operates under REIT regimes in Belgium, France, and the Netherlands, regulated by the Belgian Financial Services and Markets Authority (FSMA). The company is recognized for its commitment to sustainability, corporate governance, and providing long-term, low-risk investments with regular and growing dividends.

Where we are located: Cofinimmo’s headquarters is located at Boulevard de la Woluwe, 1200 Brussels, Belgium. The company also maintains offices in Paris, Breda, Frankfurt, and Madrid to support its international operations.

Short history: Founded in 1983, Cofinimmo initially focused on office investments in Brussels. In 2005, the company shifted its strategy toward healthcare real estate, responding to demographic trends. Major milestones include the acquisition of a portfolio of cafes/restaurants in Belgium and the Netherlands in 2007, and a portfolio of insurance agencies in France in 2011. Cofinimmo has consistently expanded its geographic footprint, entering new European markets throughout the 2010s and 2020s. The company has been listed on the Brussels Stock Exchange (now Euronext) since 1994.

Organization & culture: Cofinimmo employs around 150–155 people across its European offices. The company fosters a collaborative, inclusive, and innovative workplace culture, emphasizing teamwork, diversity, and personal development. Cofinimmo is committed to integrity, respect, and responsible growth, investing in its employees as its greatest asset. The company has been certified as a Great Place to Work, reflecting its focus on employee well-being and professional growth.

Recent developments: In 2024, healthcare real estate represents 77% of Cofinimmo’s portfolio, with continued growth expected in this segment. The office portfolio has been recentered on Brussels’ CBD, with a net divestment of 97 million EUR. Cofinimmo was listed among the 500 World’s Most Sustainable Companies by Time magazine and is one of only two Belgian real estate companies in this ranking. It was also recognized as one of Europe’s Climate Leaders by the Financial Times and received the Impact Award 2024 from Trends magazine in the Climate & Energy category.