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Banimmo is a property repositioning company, which means that it specialised in the technical and commercial renovation of under-valued or obsolete buildings of a certain size (in principle at least € 5.000.000 including work) in the three geographical markets on which it focuses, namely Belgium, France and Luxembourg.
It targets B2B property assets, that is to say office buildings, shopping centres and shoping malls as well as more specific commercial property, such as conference and exhibition centres.
After having identified potentially profitable buildings, Banimmo carries out the necessary renovations, which may involve structural work, while retaining, as far as possible, existing tenants. The renovated spaces are rented by Banimmo which, with the support of brokers, plays an active role in their commercialisation. The aim is to increase the property's value, based on threefold approach: increasing the potential rental value, cutting property management costs and reducing the property's capitalisation rates. Finally, the property is resold to end investors.
To that end, Banimmo relies on a wide range of competences, in the area of local networks, project management, as well as financial and tax expertise.
Thanks to its strong equity base and the availibility of external financing, Banimmo is able to raise substantial financial resources and to commit itself rapidly.
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