Half year
Results 2023
Investor Presentation
September 15th 2023
FOR CITIES FOR PEOPLE
summAry
Oxy | Brussels
01 | MACRO-ECONOMIC and real estate ENVIRONMENT | 04 | FINANCIAL PERFORMANCE |
02 | highlights | 05 | OUTLOOK |
03 | PORTFOLIO OVERVIEW | 06 | APPENDIX |
Immobel
at a glance
As experts in high-quality real estate projects in major European cities, we create
attractive urban environments that meet clients' expectations
and the needs of today and tomorrow. With more than 160 years of experience, we dare to claim that we have the agility to invest and the drive to improve living and working environments.
Ambitious ESG policy based on three pillars on asset level:
1For the users
2For the neighbourhood
3For the environment
EUR 350 million | 59 |
Market Capitalisation1 | Projects under development |
> 1,400,000 m2 | EUR 5.7 billion |
Under development | |
Gross development value2 |
73% | > 150 |
Residential projects in | Devoted team |
portfolio | members in Europe |
- As of 30 June 2023
- Sales value or gross development value: total expected future turnover (Group share) of all projects in the current portfolio (including projects subject to conditions precedent for which the management judges there is a high likelihood of completion).
3
macro-economic
environment
Slachthuissite | Antwerp
01 Macro-economic and real estate environment
Economic Growth
Global economy is cooling as monetary policy tightens
GDP - (Q1 2023 = 100)
• The globaleconomyslows as tighter monetarypolicycontinuesto feed through
• Anyrecession in major developedmarkets is currently expected to be mild
• With real disposable incomesstagnant and interest expenditurerising, householdconsumptionshouldkeep falling
• Investment,with construction, is also likelyto suffer as the housingmarket weakens
5 | Source : Capital Economics |