CB Richard Ellis Belgium acted as adviser for Inbev on the sale of 90% of Immobrew to Cofinimmo for a total amount of EUR 419 mln. Immobrew owns a portfolio of 824 pubs and some residential sites in Belgium and 245 pubs and some residential real estate in the Netherlands. Cofinimmo acquired the assets through a sale-and-leaseback deal covering a rental period of 27 years.

CB Richard Ellis Belgium acted as adviser for Inbev on the sale of 90% of Immobrew to Cofinimmo for a total amount of EUR 419 mln. Immobrew owns a portfolio of 824 pubs and some residential sites in Belgium and 245 pubs and some residential real estate in the Netherlands. Cofinimmo acquired the assets through a sale-and-leaseback deal covering a rental period of 27 years.

CB Richard Ellis' mission consisted in the valuation of all the real estate assets and structuration of the deal. According to the adviser, the sale-and-leaseback deal allows Inbev to release capital and to reinvest it in their core-business: the brewing industry. 'The sale and leaseback represent principally two advantages: first it allows the company to free some assets and to re-invest this in its core-business, which provides a better profitability, and secondly this technique gives more flexibility to the company: as a tenant the company can easily change its real estate facilities if needed,' said Gaétan Clermont, managing director of CB Richard Ellis.