The FSMA (Financial Services and Markets Authority) has formally confirmed to the Company on 1 October 2014 that it meets all conditions of the Law of 12 May 2014 with regard to regulated real estate companies (the "RREC Law") to obtain a licence as a public regulated real estate company ("public RREC"), under certain conditions precedent, and if the "indirect real estate" is brought below the legal threshold of 20% of the consolidated assets of the Company[1]:
#_ftn1.

The Company has brought its "indirect real estate" meanwhile to below the legal threshold of 20% of the consolidated assets of the Company. On 4 November 2014 the FSMA has granted Leasinvest Real Estate ("LRE") a licence as a public RREC under certain conditions precedent.

The Extraordinary General Meeting of shareholders of LRE ("EGM") held today, 6 November 2014, has unanimously approved the change of status from a public sicafi into a public RREC, in accordance with the RREC Law.

As no single exit right has been exercised and all conditions precedent to which the amendments to the articles of association by the EGM and the licence granted by the FSMA were subjected have been met, LRE benefits immediately as of today of the public RREC status.

LRE is pleased with the approval of this new status by its shareholders. This will allow LRE to continue its current activities in the interest of the Company, its shareholders and other stakeholders, and to consequently position itself as a B-REIT (Belgian Real Estate Investment Trust) in order to optimise its visibility and its understanding by international investors.

 

Leasinvest Real Estate SCA

Partnership limited by Shares

Public Regulated Real Estate Company under Belgian law

Registered office in 1070 Brussels (Anderlecht), Route de Lennik 451

Register of legal persons Brussels 0436.323.915

(the "Company")

  

For more information, contact:

Leasinvest Real Estate

Jean-Louis Appelmans

CEO

T: +32 3 238 98 77

E: jeanlouis.appelmans@leasinvest.be:
mailto:jeanlouis.appelmans@leasinvest.be

 

Leasinvest Real Estate SCA

Regulated real estate company Leasinvest Real Estate SCA invests in high quality and well-located retail buildings, offices and logistics buildings in the Grand Duchy of Luxembourg and in Belgium. At present the real estate portfolio of Leasinvest comprises 32 sites of which 18 are located in the Grand Duchy of Luxembourg and 14 in Belgium, with a total real estate value of € 709 million.

The regulated real estate company is listed on Euronext Brussels and has a market capitalization of approximately € 435 million (value 5 November 2014).

[1]:
#_ftnref1 For more information we refer to the Information memorandum and the Press release of 3 October 2014 of the Company with regard to the "proposal for amendment of the status into a Public Regulated Real Estate Company" as published on the website of the Company (www.leasinvest.be).

LRE_BRREC_approval by EGM:
http://hugin.info/134797/R/1869436/657305.pdf


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Leasinvest Real Estate Comm. VA via Globenewswire
HUG#1869436