(Sponsored) Banimmo - Not the BANI you remember
A fully integrated real estate developer that successfully turned aroundBanimmo (‘BANI') is a Belgian listed fully integrated real estate company (developer and investor). It is primarily focused on the Belgian office market. Currently, BANI has over 290k sqm of development potential and ca. 53k sqm of investment properties. The rental income allows to balance the cyclical nature of being a real estate developer. After being plagued by financial issues, the company was acquired by insurer Patronale Life in 2018. With a new management team at the helm, BANI turned around, as the company has become structurally profitable.Investment CaseBANI's 290k sqmBanimmo SA is a Belgium-based real estate investment company. The Company aims at acquiring and reconditioning undervalued commercial properties, such as retail space and shopping centers, exhibition and conference centers in Belgium and Luxembourg. Banimmo renovates the properties it acquires in order to maximize lease value and lower operating costs, looks for new tenants and then sells the properties to a final investor. Banimmo SA's property portfolio consists of properties in Brussels, Antwerp, Colombes, Zaventem, among others. Its investments include offices, retail space, hotel and conference centers as well as building plots, among others. Its portfolio includes the Snc Les Jardins Des Quais, approximately 52 acres in Namur and is thus a co-developer of an office project with Thomas & Piron.
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