Successful capital increase
At 30 June 2007, the "fair value"[1] of the consolidated portfolio was €1 803.7 million. The occupancy rate of the whole portfolio was 95.1% compared to 93.6% one year previously and 94.7% at the start of the fiscal year.
Further information
For any further information, please contact the registered office:
Benoît De Blieck
Managing Director
Befimmo S.A.
Statutory Manager of the Befimmo SCA Sicafi
Chaussée de Wavre 1945
1160 Brussels.
Tel.: 02/679.38.60
Fax: 02/679.38.66
E-mail: b.deblieck@befimmo.be
[1] These values are established in accordance with standard IAS 40 which requires investment property to be booked at "fair value". "Fair value" is obtained by deducting from the "investment value" the average costs for transactions recorded over the past three years, corresponding to 2.5% for property worth more than €2.5 million and 10% (Flanders) or 12.5% (Wallonia) for property worth less than €2.5 million.
The full press release can be downloaded from the following link: