History of AG Real Estate in Timeline

By Popular Timelines Editorial Team · Updated: February 12, 2026

AG Real Estate, a subsidiary of AG Insurance (Ageas), is the largest real estate group in Belgium, with headquarters in Brussels. It manages a diverse portfolio exceeding €6 billion, including office buildings, shopping malls, logistics and residential properties, and investments in listed and unlisted real estate funds.

2000: AG becomes Fortis AG and Fortis Real Estate is constituted

In 2000, Assurances Générales (AG) changed its name to Fortis AG. The Fortis AG real estate team was reinforced, and a new entity named Fortis Real Estate was constituted.

July 2002: Fortis Real Estate acquired the Bernheim-Comofi group

On July 12, 2002, Fortis Real Estate acquired the Bernheim-Comofi group, which was active in Public Car Park Management, Asset Management, Real Estate Development, and Property Management.

May 2006: Fortis Real Estate and Groupe Mestdagh create Ascencio

In May 2006, Fortis Real Estate and Groupe Mestdagh joined forces to create Ascencio, a REIT specialized in commercial real estate in city outskirts in Belgium and France.

July 2006: Fortis AG and Fortis Banque Assurances merged

On July 1, 2006, Fortis AG and Fortis Banque Assurances merged to form Fortis Insurance Belgium, which became the parent company of Fortis Real Estate.

2008: AG Real Estate involved in PPP projects

Since 2008, AG Real Estate has been involved in several PPP projects, including a leading role in the fast-track Schools of Tomorrow initiative.

June 2009: Fortis Insurance Belgium changed its name to AG Insurance

After the demise and dismantlement of the Fortis group, Fortis Insurance Belgium changed its name to AG Insurance as of June 22, 2009.

June 2009: AG Real Estate acquired 50% of Trade Mart Brussels

In June 2009, AG Real Estate acquired 50% of Trade Mart Brussels, a permanent business-to-business center for Fashion and Interior professionals.

September 2010: Fortis Real Estate becomes AG Real Estate

On September 21, 2010, Fortis Real Estate changed its name to AG Real Estate.

2011: AG Real Estate provided mezzanine loan for acquisition of 70 Pine Street

In 2011, AG Real Estate and AG Insurance provided a $117.5 million mezzanine loan in connection with the $210 million acquisition of 70 Pine Street by Eastbridge Group.

April 2013: AG Real Estate bought a stake in Frey

In April 2013, AG Real Estate bought a 20% stake in the French retail centre group Frey, listed at Euronext Paris.

April 2013: Acquisition of a stake of 33% of Downtown Holding

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.

June 2013: Befimmo portfolio fair value reported

As at June 30, 2013, Befimmo's portfolio fair value amounts to €2.04 billion.

September 2013: AG Real Estate France started the development of an office building

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.

2015: Scheduled completion of an office building in Montrouge at the end of 2015

The completion of the office building development in Montrouge by AG Real Estate France is scheduled for the end of 2015.

2016: Scheduled completion of most Schools of Tomorrow projects by the end of 2016

Construction of most projects for the Schools of Tomorrow initiative is 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.