Log in
Log in
Or log in with
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Belgium
  4. Euronext Bruxelles
  5. Immobel NV
  6. News
  7. Summary
    IMMO   BE0003599108


Real-time Euronext Bruxelles  -  11:35:20 2023-02-03 am EST
53.10 EUR   -0.75%
2022Immobel : has closed the sale of Commerce 46, a BREEAM Outstanding office building located at the heart of the European quarter in Brussels
2022An unknown buyer acquired Michael Ostlund Property SA from Immobel SA.
2022Allianz Real Estate Germany GmbH completed the acquisition of Commerce 46 in Brussels from Immobel SA.
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Decarbonisation of the real estate sector: a necessity

10/31/2022 EST

Decarbonising the real estate sector is a must, not an option, and it will only succeed by collaborating. Read our opinion document at the occasion of the inaugural C Change summit in Rotterdam on 12 October 2022. - By Sven Lenaerts

C Change: what is it?

C Change is a ULI-led programme to mobilise the European real estate industry to decarbonise. The C Change Summit was an important milestone and a call for collaboration. C stands for climate but also for collaboration and for real change. It was formed in late 2021 by a group of leading real estate players that was united in its aim to focus on collaboration to ensure that the entire sector has access to practical solutions and education on decarbonisation. Immobel, as one of the founding partners, is convinced that the sector needs common languages, common tools and access to knowledge in order to speed up the path to decarbonisation.

Renovate existing buildings

Real estate's environmental footprint represents 40% of global carbon emissions. Therefore, the sector needs better ways to develop, build and operate buildings and the focus should be on both operational and embodied carbon.

Regulations have pushed the sector for new buildings to be operationally close to net zero while property owners have been improving the energy efficiency of their stock to attract tenants willing to pay a premium. However, buildings also comprise embodied carbon in their construction and source materials.

The best way to avoid embodied carbon is obviously to focus on the renovation of the existing stock. Operationally, this means reducing energy consumption through retrofitting to improve insulation levels, integrate efficient systems and technology, and where possible, meeting energy demands with renewable sources.

A strong preference for renovation of existing buildings instead of demolition combined with a circular approach to minimise the embodied carbon lies at the heart of Immobel's strategy both in its development activities and its investments activities.

Urban reconversion

Urban reconversion projects such as Isala and Oxy in Brussels or Tati and Saint-Antoine in Paris all aim for the lowest embodied carbon emissions and a fossil free energy concept as part of a holistic sustainability approach recognised by international labels such as BREEAM or HQEand WELL. Through its "Green Office Impact Strategy" strategy, Immobel Capital Partners is committed to a carbon-neutral use of its assets by 2030.

As a methodology, Immobel uses LifeCycle Asessments (LCA) at the very initial design stages to improve the way we build. This may seem obvious, but the sector has not yet adopted this approach as a standard and there is a clear need to work with common standards. The LCA studies will push the industry to calculate emissions, but these calculations should not be limited to documenting the carbon footprint of a building. LCA has the potential to become a progressive design tool that supports our teams in improving the energy efficiency or for guiding towards alternative choices for steel, cement, and other materials with high carbon emissions.

In addition to LCA, every renovation project at Immobel will be subject to an inventory for reuse in the conception phase in order to optimise reuse and upcycling of materials on site or elsewhere.

Collaborating to initiate the movement

The C Change summit can be seen as the start of a movement that will drive the sector to move beyond individual actions and collaborate to create change within the industry by providing knowledge, tools and education on decarbonization topics and to avoid duplication and fragmented solutions.

The summit was an opportunity to address two important interventions points which require collective industry attention to be game-changing:

  • a common industry methodology to assess transitional climate risks as part of property valuations to avoid stagnation of our investment markets and stranded assets.
  • practical ways to improve alignment between tenants and landlords to create common goals for decarbonising and retrofitting.
More info

Find out more about why the industry must collaborate on decarbonisation to support our cities, in the ULI C Change report 'Breaking the value deadlock: enabling action on decarbonisation': C Change | ULI Europe

Immobel calls upon all stakeholders in the value chain to become part of the C-change movement and to go for real change.


IMMOBEL - Compagnie Immobilière de Belgique SA published this content on 31 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2022 17:03:03 UTC.

ę Publicnow 2022
All news about IMMOBEL NV
2022Immobel : has closed the sale of Commerce 46, a BREEAM Outstanding office building located..
2022An unknown buyer acquired Michael Ostlund Property SA from Immobel SA.
2022Allianz Real Estate Germany GmbH completed the acquisition of Commerce 46 in Brussels f..
2022Immobel : France werkt samen met Nestore aan de tijdelijke bezetting van zijn project 16 S..
2022Decarbonisation Of The Real Estate S : a necessity
2022Immobel : Résultats d'Immobel pour le premier semestre 2022 - Business model résilient dan..
2022IMMOBEL NV : Slide show half-year results
2022IMMOBEL NV : 1st-half-year results
2022IMMOBEL NV : Half-year report
2022Immobel : Capital Partners nomme Andrew MacDonald en qualité de Head of Finance & Joint Ve..
More news
Sales 2022 598 M 649 M 649 M
Net income 2022 59,0 M 64,0 M 64,0 M
Net Debt 2022 850 M 922 M 922 M
P/E ratio 2022 9,03x
Yield 2022 6,08%
Capitalization 530 M 575 M 575 M
EV / Sales 2022 2,31x
EV / Sales 2023 1,75x
Nbr of Employees 227
Free-Float 40,7%
Duration : Period :
Immobel NV Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends IMMOBEL NV
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 1
Last Close Price 53,10 €
Average target price 76,00 €
Spread / Average Target 43,1%
EPS Revisions
Managers and Directors
Marnix Galle Executive Chairman & Chief Executive Officer
Karel Didier Patrick Hugo Breda Group Chief Financial Officer
Rudi op Ĺt Roodt Chief Technical Officer
Filip Depaz Chief Operational Officer
JoŰlle Micha Compliance Officer & Head-Corporate Affairs