Immobel hopes to raise up to €100 mln through bond issue

Listed Belgian developer Immobel has mandated BNP Paribas Fortis and Degroof Petercam to arrange a series of investor meetings in Brussels, Paris and Luxembourg as it prepares to issue bonds valued at up to €100 million. “With the intention of launching a bond issue, Immobel confirms its financial strategy and its commitment to pursue the development of its real estate portfolio in Belgium as well as abroad,” the company said in a communiqué. In Poland, Immobel is known for projects including the ongoing revitalization of the CEDET building in downtown Warsaw.

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