TINC increases its participation in Windfarm Kroningswind (NL) and invests in the business service center "Obelisc" (B) 03 July 2023

TINC, de infrastructure investor listed on Euronext Brussels, acquires an additional 27,27 % participation in Windfarm Kroningswind (NL) from joint initiative taker TDP NV. TINC now holds 100 % of the 80 MW onshore windfarm located on the island of Goeree-Overflakkee in the Netherlands. TINC's initial 72,73 % investment in the windfarm dates from 2019. The windfarm became fully operational at the end of 2022.

TINC also acquires a 50 % participation in the business service center Obelisc from a number of the original developers of this business service center (TDP NV, B.S.I. en Foremost Immo), together with the family Mariën who increases also their participation to 50 %. The business service center Obelisc is located on the Tech Lane Ghent Science Park in the Vlaamse Biotech cluster (B). It is designed as a research building offering office space, specialised lab space and ancillary services to life-science businesses. The business service center is operational and includes customers such as Johnson & Johnson (www.obelisc.be).

Together both acquisitions represent an investment of circa € 27,3 million for TINC.

"With these acquisitions TINC grows and diversifies its portfolio with operational participations in the important investment segments of energy infrastructure and selective real estate. Both acquisitions contribute immediately to the result of TINC and are an excellent fit with key investment themes that guide the investments of TINC: contributing to the transition to a low-carbon economy (Windfarm Kroningswind) and supporting the knowledge economy by facilitating research with specialized infrastructure (business service center Obelisc). In doing so, TINC continues to invest in sustainable infrastructure for the world of tomorrow" - Manu Vandenbulcke, CEO TINC.

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Annexe 03.07.2023

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TINC Comm. VA published this content on 03 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 July 2023 05:59:08 UTC.