Befimmo S.A.

• Raising €69 million, Befimmo successfully completed a sale of c1.3m treasury shares
• The transaction received strong interest from new and existing Long Only and Real Estate specialist investors
• The total offering of 1,266,300 treasury shares via an accelerated bookbuild represents 4.48% of outstanding shares
• The shares were priced at a 3.7% discount to the last price pre-market halt, indicating strong demand in line with the  share price performance over the last 6 months
• The proceeds of the transaction will allow management to strengthen their ongoing investment strategy and invest in accretive opportunities from an identified pipeline of c€100m of acquisitions. Simultaneously, the company will invest in the ongoing growth of its co-working solution Silversquare. 

About Befimmo

• Befimmo S.A. is a Belgian REIT listed on the Brussels Stock Exchange and is being led by a fully dedicated internal management team
• The company is headed up by Benoît de Blieck (CEO) and Laurent Carlier (CFO) who oversee a strategy of high-quality workspaces that are mainly located in Brussels, key Belgian cities and Luxembourg
• Through Silversquare Befimmo aims to develop a network of interconnected workspaces in Belgium and Luxembourg

• Kempen has advised on Real Estate transactions in 13 different countries in Europe since 2017
• This transaction underpins our #1 position in European Real Estate ECM since 2011
• The deal represents Kempen’s 8th real estate ECM transaction for the year, including deals with WDP, Vonovia, Arima, Tritax Eurobox and Aedifica, totaling over €1.7 billion