Update shared on02 Jun 2025
UPDATE – 02 June 2025: Proximus plans to sell over 60%, approximately 500 of its buildings by 2035, totaling around 500,000 square metres (5,381,955 square feet). The company aims to raise over €500 million from these sales by 2027.
For reference, in 2024, Proximus reported a net income of €447 million, up from €357 million in 2023, reflecting a 25% year-over-year increase.
As of early May 2025, Proximus' stock price has risen by approximately €1, representing a 15% increase since the beginning of the month.
Following the €500 million divestment, the company will retain around 40% of its real estate portfolio, approximately 330 buildings in its patrimony.
It's important to note that the €500 million target from the planned sales likely reflects the current market value of the assets being sold.
The total value of Proximus' real estate portfolio could be estimated at around €880 million, combining the €500 million from planned sales and the estimated €380 million for the remaining properties.
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