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Asset/Investment Management
brederode.be

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About Brederode

Brederode is an investment management company that actively manages a portfolio of listed and private equity investments. The Company seeks to provide dividend income, and appreciation on the disposal of investments. Brederode invests in listed companies it judges to be undervalued. The Company's private equity investments are fixed-term partnerships in companies in Europe and the US.

Brederode Headquarter Location

32, Boulevard Joseph II

Luxembourg, 1840,

Belgium

+352 26 25 99 71

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Latest Brederode News

Befimmo SA - Befimmo crystallises value by granting a 99-year leasehold on the Brederode complex - Embargo 13.03.2017 5.40 PM

Mar 13, 2017

March 13, 2017 12:46 multilang-release Befimmo SA - Brederode - Embargo 13 03 2017 - 5.45 PM.pdf Befimmo announces the signing of a private agreement* granting CBRE Global Investors (on behalf of one of its SMA** clients) a 99-year leasehold on the Brederode complex, for an amount of €122 million, corresponding to a yield of 3.69%. As at 31 December 2016, the Brederode complex***, located in the centre of Brussels, was occupied for a residual weighted average duration of 13.61 years. At that date, the average occupancy rate of the complex was 86.62%. This operation will generate a net capital gain of about €0.8 per share and reduce the LTV ratio**** by -3.3% (in absolute terms). It will have an impact on the EPRA earnings forecast***** of -€0.08 per share in 2017, -€0.13 per share in 2018 and -€0.12 per share in 2019. Taking account of the operation, on the basis of the figures as at 31 December 2016, the weighted average duration of contracts in the Befimmo portfolio would amount to 7.93 years (compared with 8.07 years) and the occupancy rate of the properties available for lease would be 95.02% (compared with 94.79%). As announced previously, this operation is in line with Befimmo's objective of punctually crystallising value, in a Brussels office market where the search for yields in an environment of low interest rates creates opportunities for quality properties, which are well-located and occupied on a long-term basis. ____________________________________________________ * The passing of the notarial deed is expected before the end of March 2017. ** "Separate Managed Accounts". *** This concerns the Brederode 13 (11,340 m²), Brederode 9 (6,864 m²) and Namur 48 (1,517 m²) buildings. **** Loan-to-value (LTV): [(nominal financial debts - cash)/fair value of portfolio]. Calculated using the LTV ratio as at 31 December 2016. ***** For more information, please see page 31 of the press release on the Befimmo annual results 2016, published on 16 February 2017 on the Befimmo website ( www.befimmo.be ). These forecasts will be updated in the Befimmo Annual Financial Report 2016 to be published on 24 March 2017. Please click on the following link to download the press release: Attachments:

Brederode Acquisitions

1 Acquisition

Brederode acquired 1 company. Their latest acquisition was Medi-Globe on March 02, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/2/2016

Acq - Fin

2

Date

3/2/2016

Investment Stage

Companies

Valuation

Total Funding

Note

Acq - Fin

Sources

2

Brederode Team

2 Team Members

Brederode has 2 team members, including current Managing Director, Luigi Santambrogio.

Name

Work History

Title

Status

Luigi Santambrogio

Managing Director

Current

Axel van der Mersch

Managing Director

Current

Name

Luigi Santambrogio

Axel van der Mersch

Work History

Title

Managing Director

Managing Director

Status

Current

Current

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