private company industry real estate founded 1824 as part of fortis ag since 2002 as fortis real estate since 2010 as ag real estate headquarters brussels belgium area served europe united states key people serge fautr ceo products real estate development asset management property management real estate financing public private partnerships ppp public car park management revenue 526 4 million total assets 6 billion 2012 incl . agi total equity 1.5 billion 2012 number of employees 2 600 2016 website ag real estate ag real estate former fortis real estate is a wholly owned subsidiary of ag insurance ageas and the largest real estate group in belgium headquartered in brussels . ag real estate has a portfolio under management of over 6 billion that incorporates office buildings shopping malls logistics properties residential properties and shares in real estate investment funds both listed and unlisted . 1 2 its core activities include real estate development asset management property management real estate financing and public car park management . ag real estate is a parent company of interparking one of europe s best known premier car parking facility operators . ag real estate is one of the principal shareholders of the sicafis fixed capital real estate investment trusts befimmo a former bel20 company and ascencio . the multinational has approximately 2 600 employees in over ten countries . contents 1 history 2 activities 2.1 development 2.2 investment & property management 2.3 real estate financing 2.4 public car park management by interparking 3 references 4 external links history edit ag re originally part of fortis to diversify its holdings and support its actuarial reserves fortis has continuously invested in real estate . since its creation in 1824 these investments have always been managed by a department specialised in real estate . in 2000 ag assurances g n rales changed its name to become fortis ag . the fortis ag real estate team was reinforced by bringing together all of its in house real estate skills . a new entity was constituted fortis real estate . on 12 july 2002 fortis real estate has acquired the bernheim comofi group active in the fields of public car park management through an 85 % stake in interparking asset management real estate development and property management . in may 2006 fortis real estate and groupe mestdagh joined forces to create ascencio a reit specialised in commercial real estate in city outskirts in belgium and france . on 1 july 2006 fortis ag and fortis banque assurances merged to form fortis insurance belgium the parent company of fortis real estate . after the demise and dismantlement of the fortis group fortis insurance belgium changed its name to ag insurance as of 22 june 2009 . on 21 september 2010 fortis real estate followed suit to become ag real estate . 3 activities edit development edit skyline of the northern quarter with the botanical garden of brussels in the foreground the group has completed developments of more than 2 million m of office residential and retail space in europe . several high rise buildings in the northern quarter the central business district of brussels were developed by ag real estate . the northern quarter is characterized by high rise buildings most around 100 meters tall including the botanic tower ag real estates headquarters building . over half of the twenty tallest buildings in belgium are located in the northern quarter . their activities are focused on different areas urban renewal sustainable communities turnkey projects and public private partnerships . since 2008 ag real estate is involved in several ppp projects including a leading role in the fast track nl scholen van morgen schools of tomorrow initiative . schools of tomorrow is a public private partnership ppp in charge of the design build and finance of 165 school infrastructure projects comprising 200 buildings in the flanders the northern region of belgium . with construction of most projects scheduled for completion by the end of 2016 the program also includes the maintenance of all constructions and technical installations during the first 30 years of use after which the ownership is transferred to the individual schools at no cost . the 1.5 billion eur program encompasses 625 000 m total gross building area mostly new build and some renovation and an additional 300 000 m of landscaping . 4 ag real estate france develops a 113 000 m2 logistics platform for castorama on a site in saint martin de crau . it will be the largest logistics platform ever built in france on a turnkey lease basis . 5 in september 2013 ag real estate france started the development of an office building in montrouge in the hauts de seine district west of paris which is scheduled for completion at the end of 2015 . 6 investment & property management edit ag real estate s portfolio contains direct and indirect real estate holdings primarily but not exclusively in europe as well as investments across all asset classes . 7 the company is the originator of around ten real estate certificates with a total value of 500 million and two real estate investment funds reits with fixed capital befimmo and ascensio . befimmo is a sicafi specialising in investing in office buildings located mainly in city centres notably in brussels . its portfolio currently consists of around a hundred office buildings with a total area of around 850 000 m . the fair value of its portfolio amounts to 2.04 billion as at 30 june 2013 . befimmo s market capitalization equals about 944 million euros . 8 ascensio is also a sicafi specialising in investing in commercial properties . its portfolio contains around 100 sites and is valued at 260 million . 9 through its wholly owned subsidiary devimo consult ag real estate offers proactive operational management for shopping centres besides the day to day management of its own assets . devimo consult is a multi disciplinary company that specializes in the professional management running and development counselling of shopping centers and retail parks . in june 2009 ag real estate acquired 50 % of trade mart brussels a permanent business to business center for fashion and interior professionals . 10 in april 2013 ag real estate has bought a 20 % stake in the french retail centre group frey listed at euronext paris . 11 12 real estate financing edit pine street 70 ag real estate is active both as an equity investor as well as a debt investor across the entire risk spectrum . the company provides financing solutions for mature real estate holdings as well as development projects . the assets it finances are primarily office buildings and retail space located in france and the benelux . ag real estate especially focuses on providing long term financing solutions particularly during the operational phase of its projects in the form of public private partnerships ppp . in 2011 ag real estate and its parent company ag insurance provided a 117 5 million mezzanine loan in connection with the 210 million acquisition of 70 pine street the fifth tallest building in new york city by eastbridge group originally co founded by the late ronny bruckner a former member of the board of directors of ageas . in april 2013 the company acquired a stake of 33 % of downtown holding dth a company which is focused exclusively on multifamily residential property conversion projects in the financial districts in the manhattan borough of new york city . downtown holding currently works on development of a former aig building a downtown manhattan landmark . 13 public car park management by interparking edit ag real estate provides under the interparking brand also public car park management . interparking s portfolio includes car parks in city centres airports train stations hospitals commercial and business centres and tourist attractions . with more than 290 000 parking spaces in 350 cities across 9 different countries interparking is one of europe s most successful car parking facility operators serving 85 million customers a year with a staff of nearly 2 100 . through its subsidiaries of the contipark group interparking is now number one on the german market . 14 references edit ag real estate un portefeuillle toujours plus diversifi . le soir . retrieved 2013 10 19 . vooruitzicht ag real estate wordt woningbouwer de tijd 1 march 2011 dead link ag real estate history retrieved 10 october 2013 . agrealestate.eu . retrieved 2014 07 29 . smet wil verzekeraars betrekken bij financiering scholenbouw . de standaard . retrieved 2013 10 19 . ag real estate france and prd launch construction of france s largest logistics building for castorama pdf press release . ag real estate . 2013 10 10 . ag real estate construction started on white office building in montrouge paris press release . ageas . 2013 09 20 . archived from the original on 2013 10 29 . ageas your partner in insurance for more than 180 years pdf in dutch . ageas . march 2012 . archived from the original pdf on 2013 10 24 . befimmo sicafi kerncijfers 2012 de tijd in dutch . tijd.be . retrieved 2014 07 29 . fautr serge 2012 09 21 . real estate important for ag insurance pdf speech . ageas club lunch . brussels belgium . archived from the original pdf on 2013 10 22 . conf rence d jeuner in french . retrieved 2014 08 30 . fortis real estate koopt helft trade mart . de tijd . retrieved 2013 10 19 . fcredit agricole sa s frey sa credit agricole assurances and ag real estate acquire stakes in frey sa . reuters . archived from the original on 2013 10 20 . retrieved 2013 10 19 . verledens laurenz 2013 05 01 . ag real estate participeert in franse retailpark ontwikkelaar . trends.be economie . knack in dutch . ag real estate investit 200 millions de dollars manhattan . trends . retrieved 2013 10 19 . parking operator interparking pdf . topmanagement.net . retrieved 2013 10 19 . external links edit official website retrieved from https en.wikipedia.org w 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