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<!--Created by Sigma Conso, Powered by IRIS Carbon, Unique Code 626681ac54148f0774fc81da, Generated At Mon, 25 Apr 2022 11:14:00 GMT-->
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfChangesInEquityTable" xlink:label="StatementOfChangesInEquityTable" xlink:title="StatementOfChangesInEquityTable" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfChangesInEquityTable" xml:lang="en" id="label_StatementOfChangesInEquityTable">Statement of changes in equity [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityTable" xlink:to="label_StatementOfChangesInEquityTable" xlink:title="Label : StatementOfChangesInEquityTable to label_StatementOfChangesInEquityTable" />
    <link:loc xlink:type="locator" xlink:href="http://www.esma.europa.eu/taxonomy/2020-03-16/esef_cor.xsd#esef_cor_LineItemsNotDimensionallyQualifiedPlaceholder" xlink:label="LineItemsNotDimensionallyQualifiedPlaceholder" xlink:title="LineItemsNotDimensionallyQualifiedPlaceholder" />
    <link:label xlink:type="resource" xlink:label="label_LineItemsNotDimensionallyQualifiedPlaceholder" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LineItemsNotDimensionallyQualifiedPlaceholder" xml:lang="en" id="label_LineItemsNotDimensionallyQualifiedPlaceholder">Line items not dimensionally qualified placeholder</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LineItemsNotDimensionallyQualifiedPlaceholder" xlink:to="label_LineItemsNotDimensionallyQualifiedPlaceholder" xlink:title="Label : LineItemsNotDimensionallyQualifiedPlaceholder to label_LineItemsNotDimensionallyQualifiedPlaceholder" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherIncome" xlink:label="OtherIncome" xlink:title="OtherIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherIncome" xml:lang="en" id="label_OtherIncome">Other income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncome" xlink:to="label_OtherIncome" xlink:title="Label : OtherIncome to label_OtherIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherIncome_1" xml:lang="en" id="label_OtherIncome_1">Other operating income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncome" xlink:to="label_OtherIncome_1" xlink:title="Label : OtherIncome to label_OtherIncome_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CostOfSales" xlink:label="CostOfSales" xlink:title="CostOfSales" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSales" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSales" xml:lang="en" id="label_CostOfSales">Cost of sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSales" xlink:to="label_CostOfSales" xlink:title="Label : CostOfSales to label_CostOfSales" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSales_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CostOfSales_1" xml:lang="en" id="label_CostOfSales_1">Cost of sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSales" xlink:to="label_CostOfSales_1" xlink:title="Label : CostOfSales to label_CostOfSales_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherFinanceCost" xlink:label="OtherFinanceCost" xlink:title="OtherFinanceCost" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherFinanceCost" xml:lang="en" id="label_OtherFinanceCost">Other finance cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceCost" xlink:to="label_OtherFinanceCost" xlink:title="Label : OtherFinanceCost to label_OtherFinanceCost" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceCost_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherFinanceCost_1" xml:lang="en" id="label_OtherFinanceCost_1">Other financial expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceCost" xlink:to="label_OtherFinanceCost_1" xlink:title="Label : OtherFinanceCost to label_OtherFinanceCost_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="IncomeTaxExpenseContinuingOperations" xlink:title="IncomeTaxExpenseContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxExpenseContinuingOperations" xml:lang="en" id="label_IncomeTaxExpenseContinuingOperations">Tax expense (income)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseContinuingOperations" xlink:to="label_IncomeTaxExpenseContinuingOperations" xlink:title="Label : IncomeTaxExpenseContinuingOperations to label_IncomeTaxExpenseContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxExpenseContinuingOperations_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncomeTaxExpenseContinuingOperations_1" xml:lang="en" id="label_IncomeTaxExpenseContinuingOperations_1">Income taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseContinuingOperations" xlink:to="label_IncomeTaxExpenseContinuingOperations_1" xlink:title="Label : IncomeTaxExpenseContinuingOperations to label_IncomeTaxExpenseContinuingOperations_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:label="ProfitLossAttributableToNoncontrollingInterests" xlink:title="ProfitLossAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossAttributableToNoncontrollingInterests" xml:lang="en" id="label_ProfitLossAttributableToNoncontrollingInterests">Profit (loss), attributable to non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToNoncontrollingInterests" xlink:to="label_ProfitLossAttributableToNoncontrollingInterests" xlink:title="Label : ProfitLossAttributableToNoncontrollingInterests to label_ProfitLossAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToNoncontrollingInterests_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossAttributableToNoncontrollingInterests_1" xml:lang="en" id="label_ProfitLossAttributableToNoncontrollingInterests_1">Share of non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToNoncontrollingInterests" xlink:to="label_ProfitLossAttributableToNoncontrollingInterests_1" xlink:title="Label : ProfitLossAttributableToNoncontrollingInterests to label_ProfitLossAttributableToNoncontrollingInterests_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:label="OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:title="OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xml:lang="en" id="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation">Other comprehensive income, net of tax, exchange differences on translation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:to="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation to label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_1" xml:lang="en" id="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_1">Currency translation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:to="label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_1" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation to label_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:label="ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:title="ComprehensiveIncomeAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComprehensiveIncomeAttributableToNoncontrollingInterests" xml:lang="en" id="label_ComprehensiveIncomeAttributableToNoncontrollingInterests">Comprehensive income, attributable to non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="label_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:title="Label : ComprehensiveIncomeAttributableToNoncontrollingInterests to label_ComprehensiveIncomeAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1" xml:lang="en" id="label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1">Share of non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1" xlink:title="Label : ComprehensiveIncomeAttributableToNoncontrollingInterests to label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueAndOperatingIncome" xlink:label="RevenueAndOperatingIncome" xlink:title="RevenueAndOperatingIncome" />
    <link:label xlink:type="resource" xlink:label="label_RevenueAndOperatingIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_RevenueAndOperatingIncome" xml:lang="en" id="label_RevenueAndOperatingIncome">OPERATING INCOME</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueAndOperatingIncome" xlink:to="label_RevenueAndOperatingIncome" xlink:title="Label : RevenueAndOperatingIncome to label_RevenueAndOperatingIncome" />
    <link:label xlink:type="resource" xlink:label="label_RevenueAndOperatingIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueAndOperatingIncome_1" xml:lang="en" id="label_RevenueAndOperatingIncome_1">Revenue and other operating income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueAndOperatingIncome" xlink:to="label_RevenueAndOperatingIncome_1" xlink:title="Label : RevenueAndOperatingIncome to label_RevenueAndOperatingIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_RevenueAndOperatingIncome_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevenueAndOperatingIncome_2" xml:lang="en" id="label_RevenueAndOperatingIncome_2">Operating income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueAndOperatingIncome" xlink:to="label_RevenueAndOperatingIncome_2" xlink:title="Label : RevenueAndOperatingIncome to label_RevenueAndOperatingIncome_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForProvisions" xlink:label="AdjustmentsForProvisions" xlink:title="AdjustmentsForProvisions" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForProvisions" xml:lang="en" id="label_AdjustmentsForProvisions">Adjustments for provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForProvisions" xlink:to="label_AdjustmentsForProvisions" xlink:title="Label : AdjustmentsForProvisions to label_AdjustmentsForProvisions" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForProvisions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForProvisions_1" xml:lang="en" id="label_AdjustmentsForProvisions_1">Change in provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForProvisions" xlink:to="label_AdjustmentsForProvisions_1" xlink:title="Label : AdjustmentsForProvisions to label_AdjustmentsForProvisions_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:label="CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:title="CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xml:lang="en" id="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital">Cash flows from (used in) operations before changes in working capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:title="Label : CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_1" xml:lang="en" id="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_1">CASH FLOW FROM OPERATIONS BEFORE CHANGES IN WORKING CAPITAL</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_1" xlink:title="Label : CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital to label_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:label="InterestReceivedClassifiedAsOperatingActivities" xlink:title="InterestReceivedClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_InterestReceivedClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestReceivedClassifiedAsOperatingActivities" xml:lang="en" id="label_InterestReceivedClassifiedAsOperatingActivities">Interest received, classified as operating activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestReceivedClassifiedAsOperatingActivities" xlink:to="label_InterestReceivedClassifiedAsOperatingActivities" xlink:title="Label : InterestReceivedClassifiedAsOperatingActivities to label_InterestReceivedClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_InterestReceivedClassifiedAsOperatingActivities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestReceivedClassifiedAsOperatingActivities_1" xml:lang="en" id="label_InterestReceivedClassifiedAsOperatingActivities_1">Interest received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestReceivedClassifiedAsOperatingActivities" xlink:to="label_InterestReceivedClassifiedAsOperatingActivities_1" xlink:title="Label : InterestReceivedClassifiedAsOperatingActivities to label_InterestReceivedClassifiedAsOperatingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:label="OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:title="OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xml:lang="en" id="label_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities">Other inflows (outflows) of cash, classified as operating activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:to="label_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:title="Label : OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities to label_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_1" xml:lang="en" id="label_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_1">Other financing cash flows</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:to="label_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_1" xlink:title="Label : OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities to label_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="CashFlowsFromUsedInOperatingActivities" xlink:title="CashFlowsFromUsedInOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInOperatingActivities" xml:lang="en" id="label_CashFlowsFromUsedInOperatingActivities">Cash flows from (used in) operating activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperatingActivities" xlink:to="label_CashFlowsFromUsedInOperatingActivities" xlink:title="Label : CashFlowsFromUsedInOperatingActivities to label_CashFlowsFromUsedInOperatingActivities" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperatingActivities" xlink:to="label_CashFlowsFromUsedInOperatingActivities_1" xlink:title="Label : CashFlowsFromUsedInOperatingActivities to label_CashFlowsFromUsedInOperatingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="CashFlowsFromUsedInInvestingActivities" xlink:title="CashFlowsFromUsedInInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInInvestingActivities" xml:lang="en" id="label_CashFlowsFromUsedInInvestingActivities">Cash flows from (used in) investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInInvestingActivities" xlink:to="label_CashFlowsFromUsedInInvestingActivities" xlink:title="Label : CashFlowsFromUsedInInvestingActivities to label_CashFlowsFromUsedInInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInInvestingActivities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsFromUsedInInvestingActivities_1" xml:lang="en" id="label_CashFlowsFromUsedInInvestingActivities_1">CASH FROM INVESTING ACTIVITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInInvestingActivities" xlink:to="label_CashFlowsFromUsedInInvestingActivities_1" xlink:title="Label : CashFlowsFromUsedInInvestingActivities to label_CashFlowsFromUsedInInvestingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="CashFlowsFromUsedInFinancingActivities" xlink:title="CashFlowsFromUsedInFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInFinancingActivities" xml:lang="en" id="label_CashFlowsFromUsedInFinancingActivities">Cash flows from (used in) financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivities" xlink:to="label_CashFlowsFromUsedInFinancingActivities" xlink:title="Label : CashFlowsFromUsedInFinancingActivities to label_CashFlowsFromUsedInFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInFinancingActivities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsFromUsedInFinancingActivities_1" xml:lang="en" id="label_CashFlowsFromUsedInFinancingActivities_1">CASH FROM FINANCING ACTIVITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInFinancingActivities" xlink:to="label_CashFlowsFromUsedInFinancingActivities_1" xlink:title="Label : CashFlowsFromUsedInFinancingActivities to label_CashFlowsFromUsedInFinancingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:label="IncreaseDecreaseInCashAndCashEquivalents" xlink:title="IncreaseDecreaseInCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInCashAndCashEquivalents" xml:lang="en" id="label_IncreaseDecreaseInCashAndCashEquivalents">Increase (decrease) in cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalents" xlink:to="label_IncreaseDecreaseInCashAndCashEquivalents" xlink:title="Label : IncreaseDecreaseInCashAndCashEquivalents to label_IncreaseDecreaseInCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInCashAndCashEquivalents_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IncreaseDecreaseInCashAndCashEquivalents_1" xml:lang="en" id="label_IncreaseDecreaseInCashAndCashEquivalents_1">NET INCREASE OR DECREASE (-) IN CASH AND CASH EQUIVALENTS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalents" xlink:to="label_IncreaseDecreaseInCashAndCashEquivalents_1" xlink:title="Label : IncreaseDecreaseInCashAndCashEquivalents to label_IncreaseDecreaseInCashAndCashEquivalents_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AssetsAbstract" xlink:label="AssetsAbstract" xlink:title="AssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsAbstract" xml:lang="en" id="label_AssetsAbstract">Assets [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsAbstract" xlink:to="label_AssetsAbstract" xlink:title="Label : AssetsAbstract to label_AssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AssetsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsAbstract_1" xml:lang="en" id="label_AssetsAbstract_1">ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsAbstract" xlink:to="label_AssetsAbstract_1" xlink:title="Label : AssetsAbstract to label_AssetsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssets" xlink:label="NoncurrentAssets" xlink:title="NoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentAssets" xml:lang="en" id="label_NoncurrentAssets">Non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssets" xlink:to="label_NoncurrentAssets" xlink:title="Label : NoncurrentAssets to label_NoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssets_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NoncurrentAssets_1" xml:lang="en" id="label_NoncurrentAssets_1">NON-CURRENT ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssets" xlink:to="label_NoncurrentAssets_1" xlink:title="Label : NoncurrentAssets to label_NoncurrentAssets_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:label="IntangibleAssetsOtherThanGoodwill" xlink:title="IntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IntangibleAssetsOtherThanGoodwill" xml:lang="en" id="label_IntangibleAssetsOtherThanGoodwill">Intangible assets other than goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsOtherThanGoodwill" xlink:to="label_IntangibleAssetsOtherThanGoodwill" xlink:title="Label : IntangibleAssetsOtherThanGoodwill to label_IntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsOtherThanGoodwill_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IntangibleAssetsOtherThanGoodwill_1" xml:lang="en" id="label_IntangibleAssetsOtherThanGoodwill_1">Intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsOtherThanGoodwill" xlink:to="label_IntangibleAssetsOtherThanGoodwill_1" xlink:title="Label : IntangibleAssetsOtherThanGoodwill to label_IntangibleAssetsOtherThanGoodwill_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RightofuseAssets" xlink:label="RightofuseAssets" xlink:title="RightofuseAssets" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RightofuseAssets" xml:lang="en" id="label_RightofuseAssets">Right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssets" xlink:to="label_RightofuseAssets" xlink:title="Label : RightofuseAssets to label_RightofuseAssets" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RightofuseAssets_1" xml:lang="en" id="label_RightofuseAssets_1">Right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssets" xlink:to="label_RightofuseAssets_1" xlink:title="Label : RightofuseAssets to label_RightofuseAssets_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentFinancialAssets" xlink:label="OtherNoncurrentFinancialAssets" xlink:title="OtherNoncurrentFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentFinancialAssets" xml:lang="en" id="label_OtherNoncurrentFinancialAssets">Other non-current financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentFinancialAssets" xlink:to="label_OtherNoncurrentFinancialAssets" xlink:title="Label : OtherNoncurrentFinancialAssets to label_OtherNoncurrentFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentFinancialAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNoncurrentFinancialAssets_1" xml:lang="en" id="label_OtherNoncurrentFinancialAssets_1">Other non-current financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentFinancialAssets" xlink:to="label_OtherNoncurrentFinancialAssets_1" xlink:title="Label : OtherNoncurrentFinancialAssets to label_OtherNoncurrentFinancialAssets_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxAssets" xlink:label="DeferredTaxAssets" xlink:title="DeferredTaxAssets" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxAssets" xml:lang="en" id="label_DeferredTaxAssets">Deferred tax assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssets" xlink:to="label_DeferredTaxAssets" xlink:title="Label : DeferredTaxAssets to label_DeferredTaxAssets" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredTaxAssets_1" xml:lang="en" id="label_DeferredTaxAssets_1">Deferred tax assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssets" xlink:to="label_DeferredTaxAssets_1" xlink:title="Label : DeferredTaxAssets to label_DeferredTaxAssets_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAssets" xlink:label="CurrentAssets" xlink:title="CurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAssets" xml:lang="en" id="label_CurrentAssets">Current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssets" xlink:to="label_CurrentAssets" xlink:title="Label : CurrentAssets to label_CurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssets_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentAssets_1" xml:lang="en" id="label_CurrentAssets_1">CURRENT ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssets" xlink:to="label_CurrentAssets_1" xlink:title="Label : CurrentAssets to label_CurrentAssets_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Inventories" xlink:label="Inventories" xlink:title="Inventories" />
    <link:label xlink:type="resource" xlink:label="label_Inventories" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Inventories" xml:lang="en" id="label_Inventories">Current inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Inventories" xlink:to="label_Inventories" xlink:title="Label : Inventories to label_Inventories" />
    <link:label xlink:type="resource" xlink:label="label_Inventories_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Inventories_1" xml:lang="en" id="label_Inventories_1">Inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Inventories" xlink:to="label_Inventories_1" xlink:title="Label : Inventories to label_Inventories_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxAssetsCurrent" xlink:label="CurrentTaxAssetsCurrent" xlink:title="CurrentTaxAssetsCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTaxAssetsCurrent" xml:lang="en" id="label_CurrentTaxAssetsCurrent">Current tax assets, current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssetsCurrent" xlink:to="label_CurrentTaxAssetsCurrent" xlink:title="Label : CurrentTaxAssetsCurrent to label_CurrentTaxAssetsCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssetsCurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTaxAssetsCurrent_1" xml:lang="en" id="label_CurrentTaxAssetsCurrent_1">Tax receivables</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Assets" xlink:label="Assets" xlink:title="Assets" />
    <link:label xlink:type="resource" xlink:label="label_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Assets" xml:lang="en" id="label_Assets">Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="label_Assets" xlink:title="Label : Assets to label_Assets" />
    <link:label xlink:type="resource" xlink:label="label_Assets_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Assets_1" xml:lang="en" id="label_Assets_1">TOTAL ASSETS</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapital" xlink:label="IssuedCapital" xlink:title="IssuedCapital" />
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    <link:label xlink:type="resource" xlink:label="label_IssuedCapital_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuedCapital_1" xml:lang="en" id="label_IssuedCapital_1">Share capital</link:label>
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    <link:label xlink:type="resource" xlink:label="label_OtherReserves" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherReserves" xml:lang="en" id="label_OtherReserves">Other reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReserves" xlink:to="label_OtherReserves" xlink:title="Label : OtherReserves to label_OtherReserves" />
    <link:label xlink:type="resource" xlink:label="label_OtherReserves_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherReserves_1" xml:lang="en" id="label_OtherReserves_1">Reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReserves" xlink:to="label_OtherReserves_1" xlink:title="Label : OtherReserves to label_OtherReserves_1" />
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    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentLiabilities" xml:lang="en" id="label_NoncurrentLiabilities">Non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilities" xlink:to="label_NoncurrentLiabilities" xlink:title="Label : NoncurrentLiabilities to label_NoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NoncurrentLiabilities_1" xml:lang="en" id="label_NoncurrentLiabilities_1">NON-CURRENT LIABILITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilities" xlink:to="label_NoncurrentLiabilities_1" xlink:title="Label : NoncurrentLiabilities to label_NoncurrentLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:label="NoncurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:title="NoncurrentRecognisedLiabilitiesDefinedBenefitPlan" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan" xml:lang="en" id="label_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan">Non-current net defined benefit liability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:to="label_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:title="Label : NoncurrentRecognisedLiabilitiesDefinedBenefitPlan to label_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan_1" xml:lang="en" id="label_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan_1">Employee benefit obligations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:to="label_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan_1" xlink:title="Label : NoncurrentRecognisedLiabilitiesDefinedBenefitPlan to label_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="DeferredTaxLiabilities" xlink:title="DeferredTaxLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxLiabilities" xml:lang="en" id="label_DeferredTaxLiabilities">Deferred tax liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilities" xlink:to="label_DeferredTaxLiabilities" xlink:title="Label : DeferredTaxLiabilities to label_DeferredTaxLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredTaxLiabilities_1" xml:lang="en" id="label_DeferredTaxLiabilities_1">Deferred tax liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilities" xlink:to="label_DeferredTaxLiabilities_1" xlink:title="Label : DeferredTaxLiabilities to label_DeferredTaxLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LongtermBorrowings" xlink:label="LongtermBorrowings" xlink:title="LongtermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongtermBorrowings" xml:lang="en" id="label_LongtermBorrowings">Non-current portion of non-current borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings" xlink:title="Label : LongtermBorrowings to label_LongtermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongtermBorrowings_1" xml:lang="en" id="label_LongtermBorrowings_1">Financial debts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings_1" xlink:title="Label : LongtermBorrowings to label_LongtermBorrowings_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:label="NoncurrentDerivativeFinancialLiabilities" xlink:title="NoncurrentDerivativeFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentDerivativeFinancialLiabilities" xml:lang="en" id="label_NoncurrentDerivativeFinancialLiabilities">Non-current derivative financial liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentDerivativeFinancialLiabilities" xlink:to="label_NoncurrentDerivativeFinancialLiabilities" xlink:title="Label : NoncurrentDerivativeFinancialLiabilities to label_NoncurrentDerivativeFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentDerivativeFinancialLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentDerivativeFinancialLiabilities_1" xml:lang="en" id="label_NoncurrentDerivativeFinancialLiabilities_1">Derivative financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentDerivativeFinancialLiabilities" xlink:to="label_NoncurrentDerivativeFinancialLiabilities_1" xlink:title="Label : NoncurrentDerivativeFinancialLiabilities to label_NoncurrentDerivativeFinancialLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilities" xlink:label="CurrentLiabilities" xlink:title="CurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentLiabilities" xml:lang="en" id="label_CurrentLiabilities">Current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilities" xlink:to="label_CurrentLiabilities" xlink:title="Label : CurrentLiabilities to label_CurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentLiabilities_1" xml:lang="en" id="label_CurrentLiabilities_1">CURRENT LIABILITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilities" xlink:to="label_CurrentLiabilities_1" xlink:title="Label : CurrentLiabilities to label_CurrentLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentProvisions" xlink:label="CurrentProvisions" xlink:title="CurrentProvisions" />
    <link:label xlink:type="resource" xlink:label="label_CurrentProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentProvisions" xml:lang="en" id="label_CurrentProvisions">Current provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentProvisions" xlink:to="label_CurrentProvisions" xlink:title="Label : CurrentProvisions to label_CurrentProvisions" />
    <link:label xlink:type="resource" xlink:label="label_CurrentProvisions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentProvisions_1" xml:lang="en" id="label_CurrentProvisions_1">Provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentProvisions" xlink:to="label_CurrentProvisions_1" xlink:title="Label : CurrentProvisions to label_CurrentProvisions_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShorttermBorrowings" xlink:label="ShorttermBorrowings" xlink:title="ShorttermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShorttermBorrowings" xml:lang="en" id="label_ShorttermBorrowings">Current borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermBorrowings" xlink:to="label_ShorttermBorrowings" xlink:title="Label : ShorttermBorrowings to label_ShorttermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShorttermBorrowings_1" xml:lang="en" id="label_ShorttermBorrowings_1">Financial debts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermBorrowings" xlink:to="label_ShorttermBorrowings_1" xlink:title="Label : ShorttermBorrowings to label_ShorttermBorrowings_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentContractLiabilities" xlink:label="CurrentContractLiabilities" xlink:title="CurrentContractLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentContractLiabilities" xml:lang="en" id="label_CurrentContractLiabilities">Current contract liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentContractLiabilities" xlink:to="label_CurrentContractLiabilities" xlink:title="Label : CurrentContractLiabilities to label_CurrentContractLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentContractLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentContractLiabilities_1" xml:lang="en" id="label_CurrentContractLiabilities_1">Contract liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentContractLiabilities" xlink:to="label_CurrentContractLiabilities_1" xlink:title="Label : CurrentContractLiabilities to label_CurrentContractLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:label="CurrentTaxLiabilitiesCurrent" xlink:title="CurrentTaxLiabilitiesCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTaxLiabilitiesCurrent" xml:lang="en" id="label_CurrentTaxLiabilitiesCurrent">Current tax liabilities, current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxLiabilitiesCurrent" xlink:to="label_CurrentTaxLiabilitiesCurrent" xlink:title="Label : CurrentTaxLiabilitiesCurrent to label_CurrentTaxLiabilitiesCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxLiabilitiesCurrent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTaxLiabilitiesCurrent_1" xml:lang="en" id="label_CurrentTaxLiabilitiesCurrent_1">Tax liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxLiabilitiesCurrent" xlink:to="label_CurrentTaxLiabilitiesCurrent_1" xlink:title="Label : CurrentTaxLiabilitiesCurrent to label_CurrentTaxLiabilitiesCurrent_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities" xlink:label="EquityAndLiabilities" xlink:title="EquityAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAndLiabilities" xml:lang="en" id="label_EquityAndLiabilities">Equity and liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilities" xlink:to="label_EquityAndLiabilities" xlink:title="Label : EquityAndLiabilities to label_EquityAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_EquityAndLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_EquityAndLiabilities_1" xml:lang="en" id="label_EquityAndLiabilities_1">TOTAL EQUITY AND LIABILITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilities" xlink:to="label_EquityAndLiabilities_1" xlink:title="Label : EquityAndLiabilities to label_EquityAndLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilitiesAbstract" xlink:label="EquityAndLiabilitiesAbstract" xlink:title="EquityAndLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAndLiabilitiesAbstract" xml:lang="en" id="label_EquityAndLiabilitiesAbstract">Equity and liabilities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilitiesAbstract" xlink:to="label_EquityAndLiabilitiesAbstract" xlink:title="Label : EquityAndLiabilitiesAbstract to label_EquityAndLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EquityAndLiabilitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityAndLiabilitiesAbstract_1" xml:lang="en" id="label_EquityAndLiabilitiesAbstract_1">EQUITY AND LIABILITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilitiesAbstract" xlink:to="label_EquityAndLiabilitiesAbstract_1" xlink:title="Label : EquityAndLiabilitiesAbstract to label_EquityAndLiabilitiesAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="http://www.esma.europa.eu/taxonomy/2020-03-16/esef_cor.xsd#esef_cor_NotesAccountingPoliciesAndMandatoryTags" xlink:label="NotesAccountingPoliciesAndMandatoryTags" xlink:title="NotesAccountingPoliciesAndMandatoryTags" />
    <link:label xlink:type="resource" xlink:label="label_NotesAccountingPoliciesAndMandatoryTags" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesAccountingPoliciesAndMandatoryTags" xml:lang="en" id="label_NotesAccountingPoliciesAndMandatoryTags">Notes, accounting policies and mandatory tags – this item MUST be used as a starting point for markups of disclosures in the notes to the financial statements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesAccountingPoliciesAndMandatoryTags" xlink:to="label_NotesAccountingPoliciesAndMandatoryTags" xlink:title="Label : NotesAccountingPoliciesAndMandatoryTags to label_NotesAccountingPoliciesAndMandatoryTags" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:label="NameOfReportingEntityOrOtherMeansOfIdentification" xlink:title="NameOfReportingEntityOrOtherMeansOfIdentification" />
    <link:label xlink:type="resource" xlink:label="label_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NameOfReportingEntityOrOtherMeansOfIdentification" xml:lang="en" id="label_NameOfReportingEntityOrOtherMeansOfIdentification">Name of reporting entity or other means of identification</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NameOfReportingEntityOrOtherMeansOfIdentification" xlink:to="label_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:title="Label : NameOfReportingEntityOrOtherMeansOfIdentification to label_NameOfReportingEntityOrOtherMeansOfIdentification" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DomicileOfEntity" xlink:label="DomicileOfEntity" xlink:title="DomicileOfEntity" />
    <link:label xlink:type="resource" xlink:label="label_DomicileOfEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DomicileOfEntity" xml:lang="en" id="label_DomicileOfEntity">Domicile of entity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DomicileOfEntity" xlink:to="label_DomicileOfEntity" xlink:title="Label : DomicileOfEntity to label_DomicileOfEntity" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LegalFormOfEntity" xlink:label="LegalFormOfEntity" xlink:title="LegalFormOfEntity" />
    <link:label xlink:type="resource" xlink:label="label_LegalFormOfEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LegalFormOfEntity" xml:lang="en" id="label_LegalFormOfEntity">Legal form of entity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalFormOfEntity" xlink:to="label_LegalFormOfEntity" xlink:title="Label : LegalFormOfEntity to label_LegalFormOfEntity" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CountryOfIncorporation" xlink:label="CountryOfIncorporation" xlink:title="CountryOfIncorporation" />
    <link:label xlink:type="resource" xlink:label="label_CountryOfIncorporation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CountryOfIncorporation" xml:lang="en" id="label_CountryOfIncorporation">Country of incorporation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CountryOfIncorporation" xlink:to="label_CountryOfIncorporation" xlink:title="Label : CountryOfIncorporation to label_CountryOfIncorporation" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AddressOfRegisteredOfficeOfEntity" xlink:label="AddressOfRegisteredOfficeOfEntity" xlink:title="AddressOfRegisteredOfficeOfEntity" />
    <link:label xlink:type="resource" xlink:label="label_AddressOfRegisteredOfficeOfEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AddressOfRegisteredOfficeOfEntity" xml:lang="en" id="label_AddressOfRegisteredOfficeOfEntity">Address of entity's registered office</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AddressOfRegisteredOfficeOfEntity" xlink:to="label_AddressOfRegisteredOfficeOfEntity" xlink:title="Label : AddressOfRegisteredOfficeOfEntity to label_AddressOfRegisteredOfficeOfEntity" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PrincipalPlaceOfBusiness" xlink:label="PrincipalPlaceOfBusiness" xlink:title="PrincipalPlaceOfBusiness" />
    <link:label xlink:type="resource" xlink:label="label_PrincipalPlaceOfBusiness" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrincipalPlaceOfBusiness" xml:lang="en" id="label_PrincipalPlaceOfBusiness">Principal place of business</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrincipalPlaceOfBusiness" xlink:to="label_PrincipalPlaceOfBusiness" xlink:title="Label : PrincipalPlaceOfBusiness to label_PrincipalPlaceOfBusiness" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:label="DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:title="DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xml:lang="en" id="label_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities">Description of nature of entity's operations and principal activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:to="label_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:title="Label : DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities to label_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="ComponentsOfEquityAxis" xlink:title="ComponentsOfEquityAxis" />
    <link:label xlink:type="resource" xlink:label="label_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComponentsOfEquityAxis" xml:lang="en" id="label_ComponentsOfEquityAxis">Components of equity [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComponentsOfEquityAxis" xlink:to="label_ComponentsOfEquityAxis" xlink:title="Label : ComponentsOfEquityAxis to label_ComponentsOfEquityAxis" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityMember" xlink:label="EquityMember" xlink:title="EquityMember" />
    <link:label xlink:type="resource" xlink:label="label_EquityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMember" xml:lang="en" id="label_EquityMember">Equity [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMember" xlink:to="label_EquityMember" xlink:title="Label : EquityMember to label_EquityMember" />
    <link:label xlink:type="resource" xlink:label="label_EquityMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityMember_1" xml:lang="en" id="label_EquityMember_1">TOTAL EQUITY</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMember" xlink:to="label_EquityMember_1" xlink:title="Label : EquityMember to label_EquityMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapitalMember" xlink:label="IssuedCapitalMember" xlink:title="IssuedCapitalMember" />
    <link:label xlink:type="resource" xlink:label="label_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IssuedCapitalMember" xml:lang="en" id="label_IssuedCapitalMember">Issued capital [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapitalMember" xlink:to="label_IssuedCapitalMember" xlink:title="Label : IssuedCapitalMember to label_IssuedCapitalMember" />
    <link:label xlink:type="resource" xlink:label="label_IssuedCapitalMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuedCapitalMember_1" xml:lang="en" id="label_IssuedCapitalMember_1">CAPITAL</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapitalMember" xlink:to="label_IssuedCapitalMember_1" xlink:title="Label : IssuedCapitalMember to label_IssuedCapitalMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RetainedEarningsMember" xlink:label="RetainedEarningsMember" xlink:title="RetainedEarningsMember" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetainedEarningsMember" xml:lang="en" id="label_RetainedEarningsMember">Retained earnings [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_RetainedEarningsMember" xlink:title="Label : RetainedEarningsMember to label_RetainedEarningsMember" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RetainedEarningsMember_1" xml:lang="en" id="label_RetainedEarningsMember_1">RETAINED EARNINGS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_RetainedEarningsMember_1" xlink:title="Label : RetainedEarningsMember to label_RetainedEarningsMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MergerReserveMember" xlink:label="MergerReserveMember" xlink:title="MergerReserveMember" />
    <link:label xlink:type="resource" xlink:label="label_MergerReserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MergerReserveMember" xml:lang="en" id="label_MergerReserveMember">Merger reserve [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MergerReserveMember" xlink:to="label_MergerReserveMember" xlink:title="Label : MergerReserveMember to label_MergerReserveMember" />
    <link:label xlink:type="resource" xlink:label="label_MergerReserveMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MergerReserveMember_1" xml:lang="en" id="label_MergerReserveMember_1">ACQUISITION RESERVE</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MergerReserveMember" xlink:to="label_MergerReserveMember_1" xlink:title="Label : MergerReserveMember to label_MergerReserveMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:label="ReserveOfExchangeDifferencesOnTranslationMember" xlink:title="ReserveOfExchangeDifferencesOnTranslationMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfExchangeDifferencesOnTranslationMember" xml:lang="en" id="label_ReserveOfExchangeDifferencesOnTranslationMember">Reserve of exchange differences on translation [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="label_ReserveOfExchangeDifferencesOnTranslationMember" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslationMember to label_ReserveOfExchangeDifferencesOnTranslationMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslationMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfExchangeDifferencesOnTranslationMember_1" xml:lang="en" id="label_ReserveOfExchangeDifferencesOnTranslationMember_1">CURRENCY TRANSLATION</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="label_ReserveOfExchangeDifferencesOnTranslationMember_1" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslationMember to label_ReserveOfExchangeDifferencesOnTranslationMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:label="ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:title="ReserveOfRemeasurementsOfDefinedBenefitPlansMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xml:lang="en" id="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember">Reserve of remeasurements of defined benefit plans [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:to="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:title="Label : ReserveOfRemeasurementsOfDefinedBenefitPlansMember to label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember_1" xml:lang="en" id="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember_1">RESERVE FOR DEFINED BENEFIT PLANS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:to="label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember_1" xlink:title="Label : ReserveOfRemeasurementsOfDefinedBenefitPlansMember to label_ReserveOfRemeasurementsOfDefinedBenefitPlansMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterestsMember" xlink:label="NoncontrollingInterestsMember" xlink:title="NoncontrollingInterestsMember" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestsMember" xml:lang="en" id="label_NoncontrollingInterestsMember">Non-controlling interests [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestsMember" xlink:to="label_NoncontrollingInterestsMember" xlink:title="Label : NoncontrollingInterestsMember to label_NoncontrollingInterestsMember" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestsMember_1" xml:lang="en" id="label_NoncontrollingInterestsMember_1">NON CONTROLLING INTERESTS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestsMember" xlink:to="label_NoncontrollingInterestsMember_1" xlink:title="Label : NoncontrollingInterestsMember to label_NoncontrollingInterestsMember_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:label="IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:title="IncreaseDecreaseThroughTransfersAndOtherChangesEquity" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xml:lang="en" id="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity">Increase (decrease) through other changes, equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:title="Label : IncreaseDecreaseThroughTransfersAndOtherChangesEquity to label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_1" xml:lang="en" id="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_1">Other changes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_1" xlink:title="Label : IncreaseDecreaseThroughTransfersAndOtherChangesEquity to label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ChangesInEquity" xlink:label="ChangesInEquity" xlink:title="ChangesInEquity" />
    <link:label xlink:type="resource" xlink:label="label_ChangesInEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChangesInEquity" xml:lang="en" id="label_ChangesInEquity">Increase (decrease) in equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInEquity" xlink:to="label_ChangesInEquity" xlink:title="Label : ChangesInEquity to label_ChangesInEquity" />
    <link:label xlink:type="resource" xlink:label="label_ChangesInEquity_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ChangesInEquity_1" xml:lang="en" id="label_ChangesInEquity_1">Changes in the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInEquity" xlink:to="label_ChangesInEquity_1" xlink:title="Label : ChangesInEquity to label_ChangesInEquity_1" />
    <link:loc xlink:type="locator" xlink:href="549300GAV4HKKFJA8W67-2021-12-31.xsd#immo_CostOfCommercialisation" xlink:label="CostOfCommercialisation" xlink:title="CostOfCommercialisation" />
    <link:label xlink:type="resource" xlink:label="label_CostOfCommercialisation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfCommercialisation" xml:lang="en" id="label_CostOfCommercialisation">Cost of Commercialisation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfCommercialisation" xlink:to="label_CostOfCommercialisation" xlink:title="Label : CostOfCommercialisation to label_CostOfCommercialisation" />
    <link:label xlink:type="resource" xlink:label="label_CostOfCommercialisation_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CostOfCommercialisation_1" xml:lang="en" id="label_CostOfCommercialisation_1">Cost of commercialisation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfCommercialisation" xlink:to="label_CostOfCommercialisation_1" xlink:title="Label : CostOfCommercialisation to label_CostOfCommercialisation_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfCommercialisation_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfCommercialisation_2" xml:lang="en" id="label_CostOfCommercialisation_2">The amount of cost of commercialisation.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfCommercialisation" xlink:to="label_CostOfCommercialisation_2" xlink:title="Label : CostOfCommercialisation to label_CostOfCommercialisation_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdministrativeExpense" xlink:label="AdministrativeExpense" xlink:title="AdministrativeExpense" />
    <link:label xlink:type="resource" xlink:label="label_AdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdministrativeExpense" xml:lang="en" id="label_AdministrativeExpense">Administrative expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeExpense" xlink:to="label_AdministrativeExpense" xlink:title="Label : AdministrativeExpense to label_AdministrativeExpense" />
    <link:label xlink:type="resource" xlink:label="label_AdministrativeExpense_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AdministrativeExpense_1" xml:lang="en" id="label_AdministrativeExpense_1">Administration costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdministrativeExpense" xlink:to="label_AdministrativeExpense_1" xlink:title="Label : AdministrativeExpense to label_AdministrativeExpense_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:title="ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xml:lang="en" id="label_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod">Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="label_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:title="Label : ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod to label_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" xml:lang="en" id="label_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1">JOINT VENTURES AND ASSOCIATES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="label_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" xlink:title="Label : ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod to label_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromInterest" xlink:label="RevenueFromInterest" xlink:title="RevenueFromInterest" />
    <link:label xlink:type="resource" xlink:label="label_RevenueFromInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueFromInterest" xml:lang="en" id="label_RevenueFromInterest">Interest income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromInterest" xlink:to="label_RevenueFromInterest" xlink:title="Label : RevenueFromInterest to label_RevenueFromInterest" />
    <link:label xlink:type="resource" xlink:label="label_RevenueFromInterest_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevenueFromInterest_1" xml:lang="en" id="label_RevenueFromInterest_1">Interest income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromInterest" xlink:to="label_RevenueFromInterest_1" xlink:title="Label : RevenueFromInterest to label_RevenueFromInterest_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestExpense" xlink:label="InterestExpense" xlink:title="InterestExpense" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpense" xml:lang="en" id="label_InterestExpense">Interest expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpense" xlink:to="label_InterestExpense" xlink:title="Label : InterestExpense to label_InterestExpense" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpense_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestExpense_1" xml:lang="en" id="label_InterestExpense_1">Interest expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpense" xlink:to="label_InterestExpense_1" xlink:title="Label : InterestExpense to label_InterestExpense_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherExpenseByNature" xlink:label="OtherExpenseByNature" xlink:title="OtherExpenseByNature" />
    <link:label xlink:type="resource" xlink:label="label_OtherExpenseByNature" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherExpenseByNature" xml:lang="en" id="label_OtherExpenseByNature">Other expenses, by nature</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenseByNature" xlink:to="label_OtherExpenseByNature" xlink:title="Label : OtherExpenseByNature to label_OtherExpenseByNature" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:label="InvestmentAccountedForUsingEquityMethod" xlink:title="InvestmentAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentAccountedForUsingEquityMethod" xml:lang="en" id="label_InvestmentAccountedForUsingEquityMethod">Investments accounted for using equity method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentAccountedForUsingEquityMethod" xlink:to="label_InvestmentAccountedForUsingEquityMethod" xlink:title="Label : InvestmentAccountedForUsingEquityMethod to label_InvestmentAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentAccountedForUsingEquityMethod_1" xml:lang="en" id="label_InvestmentAccountedForUsingEquityMethod_1">Investments in joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentAccountedForUsingEquityMethod" xlink:to="label_InvestmentAccountedForUsingEquityMethod_1" xlink:title="Label : InvestmentAccountedForUsingEquityMethod to label_InvestmentAccountedForUsingEquityMethod_1" />
    <link:loc xlink:type="locator" xlink:href="549300GAV4HKKFJA8W67-2021-12-31.xsd#immo_NonCurrentAdvancesToJointVenturesAndAssociates" xlink:label="NonCurrentAdvancesToJointVenturesAndAssociates" xlink:title="NonCurrentAdvancesToJointVenturesAndAssociates" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentAdvancesToJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonCurrentAdvancesToJointVenturesAndAssociates" xml:lang="en" id="label_NonCurrentAdvancesToJointVenturesAndAssociates">Non-current Advances to Joint Ventures and Associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentAdvancesToJointVenturesAndAssociates" xlink:to="label_NonCurrentAdvancesToJointVenturesAndAssociates" xlink:title="Label : NonCurrentAdvancesToJointVenturesAndAssociates to label_NonCurrentAdvancesToJointVenturesAndAssociates" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentAdvancesToJointVenturesAndAssociates_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NonCurrentAdvancesToJointVenturesAndAssociates_1" xml:lang="en" id="label_NonCurrentAdvancesToJointVenturesAndAssociates_1">Advances to joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentAdvancesToJointVenturesAndAssociates" xlink:to="label_NonCurrentAdvancesToJointVenturesAndAssociates_1" xlink:title="Label : NonCurrentAdvancesToJointVenturesAndAssociates to label_NonCurrentAdvancesToJointVenturesAndAssociates_1" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentAdvancesToJointVenturesAndAssociates_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NonCurrentAdvancesToJointVenturesAndAssociates_2" xml:lang="en" id="label_NonCurrentAdvancesToJointVenturesAndAssociates_2">The amount of non-current advances to joint ventures and associates.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentAdvancesToJointVenturesAndAssociates" xlink:to="label_NonCurrentAdvancesToJointVenturesAndAssociates_2" xlink:title="Label : NonCurrentAdvancesToJointVenturesAndAssociates to label_NonCurrentAdvancesToJointVenturesAndAssociates_2" />
    <link:loc xlink:type="locator" xlink:href="549300GAV4HKKFJA8W67-2021-12-31.xsd#immo_CurrentAdvancesToJointVenturesAndAssociates" xlink:label="CurrentAdvancesToJointVenturesAndAssociates" xlink:title="CurrentAdvancesToJointVenturesAndAssociates" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAdvancesToJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAdvancesToJointVenturesAndAssociates" xml:lang="en" id="label_CurrentAdvancesToJointVenturesAndAssociates">Current Advances to Joint Ventures and Associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAdvancesToJointVenturesAndAssociates" xlink:to="label_CurrentAdvancesToJointVenturesAndAssociates" xlink:title="Label : CurrentAdvancesToJointVenturesAndAssociates to label_CurrentAdvancesToJointVenturesAndAssociates" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAdvancesToJointVenturesAndAssociates_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentAdvancesToJointVenturesAndAssociates_1" xml:lang="en" id="label_CurrentAdvancesToJointVenturesAndAssociates_1">Advances to joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAdvancesToJointVenturesAndAssociates" xlink:to="label_CurrentAdvancesToJointVenturesAndAssociates_1" xlink:title="Label : CurrentAdvancesToJointVenturesAndAssociates to label_CurrentAdvancesToJointVenturesAndAssociates_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAdvancesToJointVenturesAndAssociates_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentAdvancesToJointVenturesAndAssociates_2" xml:lang="en" id="label_CurrentAdvancesToJointVenturesAndAssociates_2">The amount of current advances to joint ventures and associates.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAdvancesToJointVenturesAndAssociates" xlink:to="label_CurrentAdvancesToJointVenturesAndAssociates_2" xlink:title="Label : CurrentAdvancesToJointVenturesAndAssociates to label_CurrentAdvancesToJointVenturesAndAssociates_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:label="TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:title="TradeAndOtherCurrentPayablesToTradeSuppliers" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeAndOtherCurrentPayablesToTradeSuppliers" xml:lang="en" id="label_TradeAndOtherCurrentPayablesToTradeSuppliers">Current trade payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:to="label_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:title="Label : TradeAndOtherCurrentPayablesToTradeSuppliers to label_TradeAndOtherCurrentPayablesToTradeSuppliers" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentPayablesToTradeSuppliers_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TradeAndOtherCurrentPayablesToTradeSuppliers_1" xml:lang="en" id="label_TradeAndOtherCurrentPayablesToTradeSuppliers_1">Trade payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:to="label_TradeAndOtherCurrentPayablesToTradeSuppliers_1" xlink:title="Label : TradeAndOtherCurrentPayablesToTradeSuppliers to label_TradeAndOtherCurrentPayablesToTradeSuppliers_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentLoansAndReceivables" xlink:label="NoncurrentLoansAndReceivables" xlink:title="NoncurrentLoansAndReceivables" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLoansAndReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentLoansAndReceivables" xml:lang="en" id="label_NoncurrentLoansAndReceivables">Non-current loans and receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLoansAndReceivables" xlink:to="label_NoncurrentLoansAndReceivables" xlink:title="Label : NoncurrentLoansAndReceivables to label_NoncurrentLoansAndReceivables" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLoansAndReceivables" xlink:label="CurrentLoansAndReceivables" xlink:title="CurrentLoansAndReceivables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLoansAndReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentLoansAndReceivables" xml:lang="en" id="label_CurrentLoansAndReceivables">Current loans and receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLoansAndReceivables" xlink:to="label_CurrentLoansAndReceivables" xlink:title="Label : CurrentLoansAndReceivables to label_CurrentLoansAndReceivables" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:title="AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xml:lang="en" id="label_AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss">Adjustments for depreciation and amortisation expense and impairment loss (reversal of impairment loss) recognised in profit or loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="label_AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:title="Label : AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss to label_AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_1" xml:lang="en" id="label_AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_1">Amortisation, depreciation and impairment of assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="label_AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_1" xlink:title="Label : AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss to label_AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperations" xlink:label="CashFlowsFromUsedInOperations" xlink:title="CashFlowsFromUsedInOperations" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowsFromUsedInOperations" xml:lang="en" id="label_CashFlowsFromUsedInOperations">Cash flows from (used in) operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperations" xlink:to="label_CashFlowsFromUsedInOperations" xlink:title="Label : CashFlowsFromUsedInOperations to label_CashFlowsFromUsedInOperations" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowsFromUsedInOperations_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashFlowsFromUsedInOperations_1" xml:lang="en" id="label_CashFlowsFromUsedInOperations_1">CASH FLOW FROM OPERATIONS BEFORE PAID INTERESTS AND PAID TAXES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowsFromUsedInOperations" xlink:to="label_CashFlowsFromUsedInOperations_1" xlink:title="Label : CashFlowsFromUsedInOperations to label_CashFlowsFromUsedInOperations_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Equity" xlink:label="Equity" xlink:title="Equity" />
    <link:label xlink:type="resource" xlink:label="label_Equity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Equity" xml:lang="en" id="label_Equity">TOTAL EQUITY</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity" xlink:title="Label : Equity to label_Equity" />
    <link:label xlink:type="resource" xlink:label="label_Equity_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Equity_1" xml:lang="en" id="label_Equity_1">Equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_1" xlink:title="Label : Equity to label_Equity_1" />
    <link:label xlink:type="resource" xlink:label="label_Equity_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_Equity_2" xml:lang="en" id="label_Equity_2">Equity at beginning of period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_2" xlink:title="Label : Equity to label_Equity_2" />
    <link:label xlink:type="resource" xlink:label="label_Equity_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_Equity_3" xml:lang="en" id="label_Equity_3">Equity at end of period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_3" xlink:title="Label : Equity to label_Equity_3" />
    <link:loc xlink:type="locator" xlink:href="549300GAV4HKKFJA8W67-2021-12-31.xsd#immo_EquityBeforeTreasuryShares" xlink:label="EquityBeforeTreasuryShares" xlink:title="EquityBeforeTreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_EquityBeforeTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityBeforeTreasuryShares" xml:lang="en" id="label_EquityBeforeTreasuryShares">Equity before treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityBeforeTreasuryShares" xlink:to="label_EquityBeforeTreasuryShares" xlink:title="Label : EquityBeforeTreasuryShares to label_EquityBeforeTreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_EquityBeforeTreasuryShares_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EquityBeforeTreasuryShares_1" xml:lang="en" id="label_EquityBeforeTreasuryShares_1">The total amount of equity before deducting the carrying value of treasury shares.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityBeforeTreasuryShares" xlink:to="label_EquityBeforeTreasuryShares_1" xlink:title="Label : EquityBeforeTreasuryShares to label_EquityBeforeTreasuryShares_1" />
    <link:label xlink:type="resource" xlink:label="label_EquityBeforeTreasuryShares_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_EquityBeforeTreasuryShares_2" xml:lang="en" id="label_EquityBeforeTreasuryShares_2">Equity before treasury shares at beginning of period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityBeforeTreasuryShares" xlink:to="label_EquityBeforeTreasuryShares_2" xlink:title="Label : EquityBeforeTreasuryShares to label_EquityBeforeTreasuryShares_2" />
    <link:label xlink:type="resource" xlink:label="label_EquityBeforeTreasuryShares_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_EquityBeforeTreasuryShares_3" xml:lang="en" id="label_EquityBeforeTreasuryShares_3">Equity before treasury shares at end of period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityBeforeTreasuryShares" xlink:to="label_EquityBeforeTreasuryShares_3" xlink:title="Label : EquityBeforeTreasuryShares to label_EquityBeforeTreasuryShares_3" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TreasuryShares" xlink:label="TreasuryShares" xlink:title="TreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_TreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TreasuryShares" xml:lang="en" id="label_TreasuryShares">Treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasuryShares" xlink:to="label_TreasuryShares" xlink:title="Label : TreasuryShares to label_TreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_TreasuryShares_1" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:title="label_TreasuryShares_1" xml:lang="en" id="label_TreasuryShares_1">Treasury shares at beginning of period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasuryShares" xlink:to="label_TreasuryShares_1" xlink:title="Label : TreasuryShares to label_TreasuryShares_1" />
    <link:label xlink:type="resource" xlink:label="label_TreasuryShares_2" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:title="label_TreasuryShares_2" xml:lang="en" id="label_TreasuryShares_2">Treasury shares at end of period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TreasuryShares" xlink:to="label_TreasuryShares_2" xlink:title="Label : TreasuryShares to label_TreasuryShares_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:label="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:title="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xml:lang="en" id="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl">Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:to="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:title="Label : IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl to label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_1" xml:lang="en" id="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_1">Scope changes</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTradeReceivables" xlink:label="CurrentTradeReceivables" xlink:title="CurrentTradeReceivables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTradeReceivables" xml:lang="en" id="label_CurrentTradeReceivables">Current trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivables" xlink:to="label_CurrentTradeReceivables" xlink:title="Label : CurrentTradeReceivables to label_CurrentTradeReceivables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivables_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTradeReceivables_1" xml:lang="en" id="label_CurrentTradeReceivables_1">Trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivables" xlink:to="label_CurrentTradeReceivables_1" xlink:title="Label : CurrentTradeReceivables to label_CurrentTradeReceivables_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentContractAssets" xlink:label="CurrentContractAssets" xlink:title="CurrentContractAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentContractAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentContractAssets" xml:lang="en" id="label_CurrentContractAssets">Current contract assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentContractAssets" xlink:to="label_CurrentContractAssets" xlink:title="Label : CurrentContractAssets to label_CurrentContractAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentContractAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentContractAssets_1" xml:lang="en" id="label_CurrentContractAssets_1">Contract assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentContractAssets" xlink:to="label_CurrentContractAssets_1" xlink:title="Label : CurrentContractAssets to label_CurrentContractAssets_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:label="IncreaseDecreaseInWorkingCapital" xlink:title="IncreaseDecreaseInWorkingCapital" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInWorkingCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInWorkingCapital" xml:lang="en" id="label_IncreaseDecreaseInWorkingCapital">Increase (decrease) in working capital</link:label>
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    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInWorkingCapital_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncreaseDecreaseInWorkingCapital_1" xml:lang="en" id="label_IncreaseDecreaseInWorkingCapital_1">Change in working capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInWorkingCapital" xlink:to="label_IncreaseDecreaseInWorkingCapital_1" xlink:title="Label : IncreaseDecreaseInWorkingCapital to label_IncreaseDecreaseInWorkingCapital_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:label="InterestPaidClassifiedAsOperatingActivities" xlink:title="InterestPaidClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_InterestPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestPaidClassifiedAsOperatingActivities" xml:lang="en" id="label_InterestPaidClassifiedAsOperatingActivities">Interest paid, classified as operating activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidClassifiedAsOperatingActivities" xlink:to="label_InterestPaidClassifiedAsOperatingActivities" xlink:title="Label : InterestPaidClassifiedAsOperatingActivities to label_InterestPaidClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_InterestPaidClassifiedAsOperatingActivities_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestPaidClassifiedAsOperatingActivities_1" xml:lang="en" id="label_InterestPaidClassifiedAsOperatingActivities_1">Paid interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidClassifiedAsOperatingActivities" xlink:to="label_InterestPaidClassifiedAsOperatingActivities_1" xlink:title="Label : InterestPaidClassifiedAsOperatingActivities to label_InterestPaidClassifiedAsOperatingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:label="IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:title="IncomeTaxesPaidRefundClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xml:lang="en" id="label_IncomeTaxesPaidRefundClassifiedAsOperatingActivities">Income taxes paid (refund), classified as operating activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:to="label_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:title="Label : IncomeTaxesPaidRefundClassifiedAsOperatingActivities to label_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_1" xml:lang="en" id="label_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_1">Paid taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:to="label_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_1" xlink:title="Label : IncomeTaxesPaidRefundClassifiedAsOperatingActivities to label_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:label="PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:title="PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xml:lang="en" id="label_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets">Purchase of property, plant and equipment, intangible assets other than goodwill, investment property and other non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:to="label_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:title="Label : PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets to label_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_1" xml:lang="en" id="label_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_1">Acquisitions of intangible, tangible and other non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:to="label_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_1" xlink:title="Label : PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets to label_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:label="RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:title="RepaymentsOfBorrowingsClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xml:lang="en" id="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities">Repayments of borrowings, classified as financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:title="Label : RepaymentsOfBorrowingsClassifiedAsFinancingActivities to label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_1" xml:lang="en" id="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_1">Repayment of financial debts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_1" xlink:title="Label : RepaymentsOfBorrowingsClassifiedAsFinancingActivities to label_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="DividendsPaidClassifiedAsFinancingActivities" xlink:title="DividendsPaidClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaidClassifiedAsFinancingActivities" xml:lang="en" id="label_DividendsPaidClassifiedAsFinancingActivities">Dividends paid, classified as financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidClassifiedAsFinancingActivities" xlink:to="label_DividendsPaidClassifiedAsFinancingActivities" xlink:title="Label : DividendsPaidClassifiedAsFinancingActivities to label_DividendsPaidClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidClassifiedAsFinancingActivities_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DividendsPaidClassifiedAsFinancingActivities_1" xml:lang="en" id="label_DividendsPaidClassifiedAsFinancingActivities_1">Gross dividends paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidClassifiedAsFinancingActivities" xlink:to="label_DividendsPaidClassifiedAsFinancingActivities_1" xlink:title="Label : DividendsPaidClassifiedAsFinancingActivities to label_DividendsPaidClassifiedAsFinancingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OperatingExpense" xlink:label="OperatingExpense" xlink:title="OperatingExpense" />
    <link:label xlink:type="resource" xlink:label="label_OperatingExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:title="label_OperatingExpense" xml:lang="en" id="label_OperatingExpense">OPERATING EXPENSES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingExpense" xlink:to="label_OperatingExpense" xlink:title="Label : OperatingExpense to label_OperatingExpense" />
    <link:label xlink:type="resource" xlink:label="label_OperatingExpense_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OperatingExpense_1" xml:lang="en" id="label_OperatingExpense_1">Operating expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingExpense" xlink:to="label_OperatingExpense_1" xlink:title="Label : OperatingExpense to label_OperatingExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_OperatingExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OperatingExpense_2" xml:lang="en" id="label_OperatingExpense_2">Operating expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OperatingExpense" xlink:to="label_OperatingExpense_2" xlink:title="Label : OperatingExpense to label_OperatingExpense_2" />
    <link:loc xlink:type="locator" xlink:href="549300GAV4HKKFJA8W67-2021-12-31.xsd#immo_AdjustmentsForOperatingExpense" xlink:label="AdjustmentsForOperatingExpense" xlink:title="AdjustmentsForOperatingExpense" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForOperatingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForOperatingExpense" xml:lang="en" id="label_AdjustmentsForOperatingExpense">Adjustments for Operating Expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForOperatingExpense" xlink:to="label_AdjustmentsForOperatingExpense" xlink:title="Label : AdjustmentsForOperatingExpense to label_AdjustmentsForOperatingExpense" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForOperatingExpense_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForOperatingExpense_1" xml:lang="en" id="label_AdjustmentsForOperatingExpense_1">Adjustments for operating expense to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForOperatingExpense" xlink:to="label_AdjustmentsForOperatingExpense_1" xlink:title="Label : AdjustmentsForOperatingExpense to label_AdjustmentsForOperatingExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForOperatingExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForOperatingExpense_2" xml:lang="en" id="label_AdjustmentsForOperatingExpense_2">Operating expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForOperatingExpense" xlink:to="label_AdjustmentsForOperatingExpense_2" xlink:title="Label : AdjustmentsForOperatingExpense to label_AdjustmentsForOperatingExpense_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterests" xlink:label="NoncontrollingInterests" xlink:title="NoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterests" xml:lang="en" id="label_NoncontrollingInterests">Non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterests" xlink:to="label_NoncontrollingInterests" xlink:title="Label : NoncontrollingInterests to label_NoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterests_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterests_1" xml:lang="en" id="label_NoncontrollingInterests_1">NON-CONTROLLING INTERESTS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterests" xlink:to="label_NoncontrollingInterests_1" xlink:title="Label : NoncontrollingInterests to label_NoncontrollingInterests_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherAdjustmentsToReconcileProfitLoss" xlink:label="OtherAdjustmentsToReconcileProfitLoss" xlink:title="OtherAdjustmentsToReconcileProfitLoss" />
    <link:label xlink:type="resource" xlink:label="label_OtherAdjustmentsToReconcileProfitLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAdjustmentsToReconcileProfitLoss" xml:lang="en" id="label_OtherAdjustmentsToReconcileProfitLoss">Other adjustments to reconcile profit (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAdjustmentsToReconcileProfitLoss" xlink:to="label_OtherAdjustmentsToReconcileProfitLoss" xlink:title="Label : OtherAdjustmentsToReconcileProfitLoss to label_OtherAdjustmentsToReconcileProfitLoss" />
    <link:loc xlink:type="locator" xlink:href="549300GAV4HKKFJA8W67-2021-12-31.xsd#immo_IncreaseDecreaseThroughCashFlowHedgingEquity" xlink:label="IncreaseDecreaseThroughCashFlowHedgingEquity" xlink:title="IncreaseDecreaseThroughCashFlowHedgingEquity" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughCashFlowHedgingEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughCashFlowHedgingEquity" xml:lang="en" id="label_IncreaseDecreaseThroughCashFlowHedgingEquity">Increase (Decrease) Through Cash Flow Hedging Equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughCashFlowHedgingEquity" xlink:to="label_IncreaseDecreaseThroughCashFlowHedgingEquity" xlink:title="Label : IncreaseDecreaseThroughCashFlowHedgingEquity to label_IncreaseDecreaseThroughCashFlowHedgingEquity" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughCashFlowHedgingEquity_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughCashFlowHedgingEquity_1" xml:lang="en" id="label_IncreaseDecreaseThroughCashFlowHedgingEquity_1">Cash flow hedging</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughCashFlowHedgingEquity" xlink:to="label_IncreaseDecreaseThroughCashFlowHedgingEquity_1" xlink:title="Label : IncreaseDecreaseThroughCashFlowHedgingEquity to label_IncreaseDecreaseThroughCashFlowHedgingEquity_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughCashFlowHedgingEquity_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughCashFlowHedgingEquity_2" xml:lang="en" id="label_IncreaseDecreaseThroughCashFlowHedgingEquity_2">The increase (decrease) in equity resulting from cash flow hedging.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughCashFlowHedgingEquity" xlink:to="label_IncreaseDecreaseThroughCashFlowHedgingEquity_2" xlink:title="Label : IncreaseDecreaseThroughCashFlowHedgingEquity to label_IncreaseDecreaseThroughCashFlowHedgingEquity_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" xlink:label="IncreaseDecreaseThroughTreasuryShareTransactions" xlink:title="IncreaseDecreaseThroughTreasuryShareTransactions" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTreasuryShareTransactions" xlink:to="label_IncreaseDecreaseThroughTreasuryShareTransactions" xlink:title="Label : IncreaseDecreaseThroughTreasuryShareTransactions to label_IncreaseDecreaseThroughTreasuryShareTransactions" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTreasuryShareTransactions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughTreasuryShareTransactions_1" xml:lang="en" id="label_IncreaseDecreaseThroughTreasuryShareTransactions_1">Transactions on treasury shares</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Revenue" xlink:label="Revenue" xlink:title="Revenue" />
    <link:label xlink:type="resource" xlink:label="label_Revenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Revenue" xml:lang="en" id="label_Revenue">Revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Revenue" xlink:to="label_Revenue" xlink:title="Label : Revenue to label_Revenue" />
    <link:label xlink:type="resource" xlink:label="label_Revenue_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Revenue_1" xml:lang="en" id="label_Revenue_1">Revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Revenue" xlink:to="label_Revenue_1" xlink:title="Label : Revenue to label_Revenue_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:label="GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:title="GainsLossesRecognisedWhenControlInSubsidiaryIsLost" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:to="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:title="Label : GainsLossesRecognisedWhenControlInSubsidiaryIsLost to label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToOwnersOfParent" xlink:to="label_ProfitLossAttributableToOwnersOfParent" xlink:title="Label : ProfitLossAttributableToOwnersOfParent to label_ProfitLossAttributableToOwnersOfParent" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToOwnersOfParent" xlink:to="label_ProfitLossAttributableToOwnersOfParent_1" xlink:title="Label : ProfitLossAttributableToOwnersOfParent to label_ProfitLossAttributableToOwnersOfParent_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:label="ComprehensiveIncomeAttributableToOwnersOfParent" xlink:title="ComprehensiveIncomeAttributableToOwnersOfParent" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="label_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:title="Label : ComprehensiveIncomeAttributableToOwnersOfParent to label_ComprehensiveIncomeAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToOwnersOfParent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComprehensiveIncomeAttributableToOwnersOfParent_1" xml:lang="en" id="label_ComprehensiveIncomeAttributableToOwnersOfParent_1">SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="label_ComprehensiveIncomeAttributableToOwnersOfParent_1" xlink:title="Label : ComprehensiveIncomeAttributableToOwnersOfParent to label_ComprehensiveIncomeAttributableToOwnersOfParent_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="EquityAttributableToOwnersOfParent" xlink:title="EquityAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAttributableToOwnersOfParent" xml:lang="en" id="label_EquityAttributableToOwnersOfParent">Equity attributable to owners of parent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParent" xlink:to="label_EquityAttributableToOwnersOfParent" xlink:title="Label : EquityAttributableToOwnersOfParent to label_EquityAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParent_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_EquityAttributableToOwnersOfParent_1" xml:lang="en" id="label_EquityAttributableToOwnersOfParent_1">EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParent" xlink:to="label_EquityAttributableToOwnersOfParent_1" xlink:title="Label : EquityAttributableToOwnersOfParent to label_EquityAttributableToOwnersOfParent_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromSaleOrIssueOfTreasuryShares" xlink:label="ProceedsFromSaleOrIssueOfTreasuryShares" xlink:title="ProceedsFromSaleOrIssueOfTreasuryShares" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOrIssueOfTreasuryShares" xlink:to="label_ProceedsFromSaleOrIssueOfTreasuryShares" xlink:title="Label : ProceedsFromSaleOrIssueOfTreasuryShares to label_ProceedsFromSaleOrIssueOfTreasuryShares" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromSaleOrIssueOfTreasuryShares" xlink:to="label_ProceedsFromSaleOrIssueOfTreasuryShares_1" xlink:title="Label : ProceedsFromSaleOrIssueOfTreasuryShares to label_ProceedsFromSaleOrIssueOfTreasuryShares_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceIncomeCost" xlink:label="FinanceIncomeCost" xlink:title="FinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceIncomeCost" xml:lang="en" id="label_FinanceIncomeCost">Finance income (cost)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncomeCost" xlink:to="label_FinanceIncomeCost" xlink:title="Label : FinanceIncomeCost to label_FinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncomeCost_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_FinanceIncomeCost_1" xml:lang="en" id="label_FinanceIncomeCost_1">NET FINANCIAL COSTS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncomeCost" xlink:to="label_FinanceIncomeCost_1" xlink:title="Label : FinanceIncomeCost to label_FinanceIncomeCost_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:label="EquityAttributableToOwnersOfParentMember" xlink:title="EquityAttributableToOwnersOfParentMember" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAttributableToOwnersOfParentMember" xml:lang="en" id="label_EquityAttributableToOwnersOfParentMember">Equity attributable to owners of parent [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParentMember" xlink:to="label_EquityAttributableToOwnersOfParentMember" xlink:title="Label : EquityAttributableToOwnersOfParentMember to label_EquityAttributableToOwnersOfParentMember" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParentMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityAttributableToOwnersOfParentMember_1" xml:lang="en" id="label_EquityAttributableToOwnersOfParentMember_1">EQUITY TO BE ALLOCATED TO OWNERS OF THE COMPANY</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParentMember" xlink:to="label_EquityAttributableToOwnersOfParentMember_1" xlink:title="Label : EquityAttributableToOwnersOfParentMember to label_EquityAttributableToOwnersOfParentMember_1" />
    <link:loc xlink:type="locator" xlink:href="549300GAV4HKKFJA8W67-2021-12-31.xsd#immo_DividendsAndOtherBeneficiariesPaid" xlink:label="DividendsAndOtherBeneficiariesPaid" xlink:title="DividendsAndOtherBeneficiariesPaid" />
    <link:label xlink:type="resource" xlink:label="label_DividendsAndOtherBeneficiariesPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsAndOtherBeneficiariesPaid" xml:lang="en" id="label_DividendsAndOtherBeneficiariesPaid">Dividends and other beneficiaries paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsAndOtherBeneficiariesPaid" xlink:to="label_DividendsAndOtherBeneficiariesPaid" xlink:title="Label : DividendsAndOtherBeneficiariesPaid to label_DividendsAndOtherBeneficiariesPaid" />
    <link:label xlink:type="resource" xlink:label="label_DividendsAndOtherBeneficiariesPaid_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsAndOtherBeneficiariesPaid_1" xml:lang="en" id="label_DividendsAndOtherBeneficiariesPaid_1">The amount of dividends and other beneficiaries paid.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsAndOtherBeneficiariesPaid" xlink:to="label_DividendsAndOtherBeneficiariesPaid_1" xlink:title="Label : DividendsAndOtherBeneficiariesPaid to label_DividendsAndOtherBeneficiariesPaid_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsAndOtherBeneficiariesPaid" xlink:to="label_DividendsAndOtherBeneficiariesPaid_2" xlink:title="Label : DividendsAndOtherBeneficiariesPaid to label_DividendsAndOtherBeneficiariesPaid_2" />
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    <link:label xlink:type="resource" xlink:label="label_NumberOfTreasurySharesSold" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfTreasurySharesSold" xml:lang="en" id="label_NumberOfTreasurySharesSold">Number of treasury shares sold</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTreasurySharesSold" xlink:to="label_NumberOfTreasurySharesSold" xlink:title="Label : NumberOfTreasurySharesSold to label_NumberOfTreasurySharesSold" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfTreasurySharesSold_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfTreasurySharesSold_1" xml:lang="en" id="label_NumberOfTreasurySharesSold_1">Number of treasury shares sold</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTreasurySharesSold" xlink:to="label_NumberOfTreasurySharesSold_1" xlink:title="Label : NumberOfTreasurySharesSold to label_NumberOfTreasurySharesSold_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfTreasurySharesSold_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfTreasurySharesSold_2" xml:lang="en" id="label_NumberOfTreasurySharesSold_2">The number of treasury shares sold during the period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTreasurySharesSold" xlink:to="label_NumberOfTreasurySharesSold_2" xlink:title="Label : NumberOfTreasurySharesSold to label_NumberOfTreasurySharesSold_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfSharesIssued" xlink:label="NumberOfSharesIssued" xlink:title="NumberOfSharesIssued" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesIssued" xlink:to="label_NumberOfSharesIssued" xlink:title="Label : NumberOfSharesIssued to label_NumberOfSharesIssued" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesIssued_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesIssued_1" xml:lang="en" id="label_NumberOfSharesIssued_1">Number of ordinary shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesIssued" xlink:to="label_NumberOfSharesIssued_1" xlink:title="Label : NumberOfSharesIssued to label_NumberOfSharesIssued_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid" xlink:title="Label : DividendsPaid to label_DividendsPaid" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaid_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPaid_1" xml:lang="en" id="label_DividendsPaid_1">Amount paid out as dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid_1" xlink:title="Label : DividendsPaid to label_DividendsPaid_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:label="ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:title="ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" />
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties" xlink:label="CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties" xlink:title="CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAdvancesAndLoansMadeToRelatedParties" xlink:to="label_CashAdvancesAndLoansMadeToRelatedParties" xlink:title="Label : CashAdvancesAndLoansMadeToRelatedParties to label_CashAdvancesAndLoansMadeToRelatedParties" />
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    <link:label xlink:type="resource" xlink:label="label_DividendsReceivedClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsReceivedClassifiedAsInvestingActivities" xml:lang="en" id="label_DividendsReceivedClassifiedAsInvestingActivities">Dividends received, classified as investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsReceivedClassifiedAsInvestingActivities" xlink:to="label_DividendsReceivedClassifiedAsInvestingActivities" xlink:title="Label : DividendsReceivedClassifiedAsInvestingActivities to label_DividendsReceivedClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_DividendsReceivedClassifiedAsInvestingActivities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsReceivedClassifiedAsInvestingActivities_1" xml:lang="en" id="label_DividendsReceivedClassifiedAsInvestingActivities_1">Dividends received from joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsReceivedClassifiedAsInvestingActivities" xlink:to="label_DividendsReceivedClassifiedAsInvestingActivities_1" xlink:title="Label : DividendsReceivedClassifiedAsInvestingActivities to label_DividendsReceivedClassifiedAsInvestingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfSharesOutstanding" xlink:label="NumberOfSharesOutstanding" xlink:title="NumberOfSharesOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesOutstanding" xml:lang="en" id="label_NumberOfSharesOutstanding">Number of shares outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesOutstanding" xlink:to="label_NumberOfSharesOutstanding" xlink:title="Label : NumberOfSharesOutstanding to label_NumberOfSharesOutstanding" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding" xlink:label="IncreaseDecreaseInNumberOfSharesOutstanding" xlink:title="IncreaseDecreaseInNumberOfSharesOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInNumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInNumberOfSharesOutstanding" xml:lang="en" id="label_IncreaseDecreaseInNumberOfSharesOutstanding">Increase (decrease) in number of shares outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInNumberOfSharesOutstanding" xlink:to="label_IncreaseDecreaseInNumberOfSharesOutstanding" xlink:title="Label : IncreaseDecreaseInNumberOfSharesOutstanding to label_IncreaseDecreaseInNumberOfSharesOutstanding" />
    <link:loc xlink:type="locator" xlink:href="549300GAV4HKKFJA8W67-2021-12-31.xsd#immo_NumberOfTreasuryShares" xlink:label="NumberOfTreasuryShares" xlink:title="NumberOfTreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfTreasuryShares" xml:lang="en" id="label_NumberOfTreasuryShares">Number of treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTreasuryShares" xlink:to="label_NumberOfTreasuryShares" xlink:title="Label : NumberOfTreasuryShares to label_NumberOfTreasuryShares" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfTreasuryShares_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfTreasuryShares_1" xml:lang="en" id="label_NumberOfTreasuryShares_1">The number of entity’s own equity instruments, held by the entity or other members of the consolidated group.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTreasuryShares" xlink:to="label_NumberOfTreasuryShares_1" xlink:title="Label : NumberOfTreasuryShares to label_NumberOfTreasuryShares_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfTreasuryShares_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfTreasuryShares_2" xml:lang="en" id="label_NumberOfTreasuryShares_2">Number of treasury shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTreasuryShares" xlink:to="label_NumberOfTreasuryShares_2" xlink:title="Label : NumberOfTreasuryShares to label_NumberOfTreasuryShares_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherFinanceIncome" xlink:label="OtherFinanceIncome" xlink:title="OtherFinanceIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherFinanceIncome" xml:lang="en" id="label_OtherFinanceIncome">Other finance income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceIncome" xlink:to="label_OtherFinanceIncome" xlink:title="Label : OtherFinanceIncome to label_OtherFinanceIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherFinanceIncome_1" xml:lang="en" id="label_OtherFinanceIncome_1">Other financial income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceIncome" xlink:to="label_OtherFinanceIncome_1" xlink:title="Label : OtherFinanceIncome to label_OtherFinanceIncome_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Goodwill" xlink:label="Goodwill" xlink:title="Goodwill" />
    <link:label xlink:type="resource" xlink:label="label_Goodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Goodwill" xml:lang="en" id="label_Goodwill">Goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Goodwill" xlink:to="label_Goodwill" xlink:title="Label : Goodwill to label_Goodwill" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="PropertyPlantAndEquipment" xlink:title="PropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipment" xml:lang="en" id="label_PropertyPlantAndEquipment">Property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipment" xlink:to="label_PropertyPlantAndEquipment" xlink:title="Label : PropertyPlantAndEquipment to label_PropertyPlantAndEquipment" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentProperty" xlink:label="InvestmentProperty" xlink:title="InvestmentProperty" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentProperty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentProperty" xml:lang="en" id="label_InvestmentProperty">Investment property</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentProperty" xlink:to="label_InvestmentProperty" xlink:title="Label : InvestmentProperty to label_InvestmentProperty" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentAssets" xlink:label="OtherNoncurrentAssets" xlink:title="OtherNoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentAssets" xml:lang="en" id="label_OtherNoncurrentAssets">Other non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentAssets" xlink:to="label_OtherNoncurrentAssets" xlink:title="Label : OtherNoncurrentAssets to label_OtherNoncurrentAssets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentAssets" xlink:label="OtherCurrentAssets" xlink:title="OtherCurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentAssets" xml:lang="en" id="label_OtherCurrentAssets">Other current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentAssets" xlink:to="label_OtherCurrentAssets" xlink:title="Label : OtherCurrentAssets to label_OtherCurrentAssets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentFinancialAssets" xlink:label="OtherCurrentFinancialAssets" xlink:title="OtherCurrentFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentFinancialAssets" xml:lang="en" id="label_OtherCurrentFinancialAssets">Other current financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentFinancialAssets" xlink:to="label_OtherCurrentFinancialAssets" xlink:title="Label : OtherCurrentFinancialAssets to label_OtherCurrentFinancialAssets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="CashAndCashEquivalents" xlink:title="CashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_CashAndCashEquivalents" xml:lang="en" id="label_CashAndCashEquivalents">CASH AND CASH EQUIVALENTS AT THE BEGINNING OF PERIOD</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_1" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_CashAndCashEquivalents_1" xml:lang="en" id="label_CashAndCashEquivalents_1">CASH AND CASH EQUIVALENTS AT THE END OF PERIOD</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_1" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents_1" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalents_2" xml:lang="en" id="label_CashAndCashEquivalents_2">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_2" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RetainedEarnings" xlink:label="RetainedEarnings" xlink:title="RetainedEarnings" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetainedEarnings" xml:lang="en" id="label_RetainedEarnings">Retained earnings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarnings" xlink:to="label_RetainedEarnings" xlink:title="Label : RetainedEarnings to label_RetainedEarnings" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentLiabilities" xlink:label="OtherCurrentLiabilities" xlink:title="OtherCurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentLiabilities" xml:lang="en" id="label_OtherCurrentLiabilities">Other current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentLiabilities" xlink:to="label_OtherCurrentLiabilities" xlink:title="Label : OtherCurrentLiabilities to label_OtherCurrentLiabilities" />
    <link:loc xlink:type="locator" xlink:href="549300GAV4HKKFJA8W67-2021-12-31.xsd#immo_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund" xlink:label="IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund" xlink:title="IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund" xml:lang="en" id="label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund">Increase (Decrease) Through Allocation of Prior Period Result to Charity Fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund" xlink:to="label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund" xlink:title="Label : IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund to label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund_1" xml:lang="en" id="label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund_1">The increase (decrease) in equity resulting from allocation of prior period result to a charity fund.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund" xlink:to="label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund_1" xlink:title="Label : IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund to label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund_2" xml:lang="en" id="label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund_2">Allocation of prior period result to a charity fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund" xlink:to="label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund_2" xlink:title="Label : IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund to label_IncreaseDecreaseThroughAllocationOfPriorPeriodResultToCharityFund_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:title="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xml:lang="en" id="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans">Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_1" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans to label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_1" />
    <link:loc xlink:type="locator" xlink:href="549300GAV4HKKFJA8W67-2021-12-31.xsd#immo_ComprehensiveIncomeLossPerShareBasic" xlink:label="ComprehensiveIncomeLossPerShareBasic" xlink:title="ComprehensiveIncomeLossPerShareBasic" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeLossPerShareBasic" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComprehensiveIncomeLossPerShareBasic" xml:lang="en" id="label_ComprehensiveIncomeLossPerShareBasic">Comprehensive Income Loss Per Share Basic</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeLossPerShareBasic" xlink:to="label_ComprehensiveIncomeLossPerShareBasic" xlink:title="Label : ComprehensiveIncomeLossPerShareBasic to label_ComprehensiveIncomeLossPerShareBasic" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeLossPerShareBasic_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComprehensiveIncomeLossPerShareBasic_1" xml:lang="en" id="label_ComprehensiveIncomeLossPerShareBasic_1">COMPREHENSIVE INCOME PER SHARE (€) (BASIC)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeLossPerShareBasic" xlink:to="label_ComprehensiveIncomeLossPerShareBasic_1" xlink:title="Label : ComprehensiveIncomeLossPerShareBasic to label_ComprehensiveIncomeLossPerShareBasic_1" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeLossPerShareBasic_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ComprehensiveIncomeLossPerShareBasic_2" xml:lang="en" id="label_ComprehensiveIncomeLossPerShareBasic_2">The amount of comprehensive income (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeLossPerShareBasic" xlink:to="label_ComprehensiveIncomeLossPerShareBasic_2" xlink:title="Label : ComprehensiveIncomeLossPerShareBasic to label_ComprehensiveIncomeLossPerShareBasic_2" />
    <link:loc xlink:type="locator" xlink:href="549300GAV4HKKFJA8W67-2021-12-31.xsd#immo_ComprehensiveIncomeLossPerShareDiluted" xlink:label="ComprehensiveIncomeLossPerShareDiluted" xlink:title="ComprehensiveIncomeLossPerShareDiluted" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeLossPerShareDiluted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComprehensiveIncomeLossPerShareDiluted" xml:lang="en" id="label_ComprehensiveIncomeLossPerShareDiluted">Comprehensive Income Loss Per Share Diluted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeLossPerShareDiluted" xlink:to="label_ComprehensiveIncomeLossPerShareDiluted" xlink:title="Label : ComprehensiveIncomeLossPerShareDiluted to label_ComprehensiveIncomeLossPerShareDiluted" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityLineItems" xlink:to="label_StatementOfChangesInEquityLineItems" xlink:title="Label : StatementOfChangesInEquityLineItems to label_StatementOfChangesInEquityLineItems" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityLineItems" xlink:to="label_StatementOfChangesInEquityLineItems_1" xlink:title="Label : StatementOfChangesInEquityLineItems to label_StatementOfChangesInEquityLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="OtherComprehensiveIncome" xlink:title="OtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OtherComprehensiveIncome" xml:lang="en" id="label_OtherComprehensiveIncome">TOTAL OTHER COMPREHENSIVE INCOME</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncome" xlink:to="label_OtherComprehensiveIncome" xlink:title="Label : OtherComprehensiveIncome to label_OtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncome_1" xml:lang="en" id="label_OtherComprehensiveIncome_1">Other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncome" xlink:to="label_OtherComprehensiveIncome_1" xlink:title="Label : OtherComprehensiveIncome to label_OtherComprehensiveIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncome_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherComprehensiveIncome_2" xml:lang="en" id="label_OtherComprehensiveIncome_2">Other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncome" xlink:to="label_OtherComprehensiveIncome_2" xlink:title="Label : OtherComprehensiveIncome to label_OtherComprehensiveIncome_2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:label="StatementOfComprehensiveIncomeAbstract" xlink:title="StatementOfComprehensiveIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfComprehensiveIncomeAbstract" xml:lang="en" id="label_StatementOfComprehensiveIncomeAbstract">Consolidated statement of profit and loss and other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfComprehensiveIncomeAbstract" xlink:to="label_StatementOfComprehensiveIncomeAbstract" xlink:title="Label : StatementOfComprehensiveIncomeAbstract to label_StatementOfComprehensiveIncomeAbstract" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ProfitLossBeforeTax" xlink:title="ProfitLossBeforeTax" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossBeforeTax" xml:lang="en" id="label_ProfitLossBeforeTax">Profit (loss) before tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossBeforeTax" xlink:to="label_ProfitLossBeforeTax" xlink:title="Label : ProfitLossBeforeTax to label_ProfitLossBeforeTax" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossBeforeTax_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLossBeforeTax_1" xml:lang="en" id="label_ProfitLossBeforeTax_1">PROFIT BEFORE TAXES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossBeforeTax" xlink:to="label_ProfitLossBeforeTax_1" xlink:title="Label : ProfitLossBeforeTax to label_ProfitLossBeforeTax_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:label="OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:title="OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xml:lang="en" id="label_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax">Other comprehensive income that will be reclassified to profit or loss, net of tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="label_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:title="Label : OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax to label_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1" xml:lang="en" id="label_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1">Other comprehensive income - items that are or may be reclassified subsequently to profit or loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="label_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1" xlink:title="Label : OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax to label_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:label="OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:title="OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xml:lang="en" id="label_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax">Other comprehensive income that will not be reclassified to profit or loss, net of tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="label_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:title="Label : OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax to label_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="label_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_1" xlink:title="Label : OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax to label_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_1" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BasicEarningsLossPerShare" xlink:label="BasicEarningsLossPerShare" xlink:title="BasicEarningsLossPerShare" />
    <link:label xlink:type="resource" xlink:label="label_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BasicEarningsLossPerShare" xml:lang="en" id="label_BasicEarningsLossPerShare">Basic earnings (loss) per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasicEarningsLossPerShare" xlink:to="label_BasicEarningsLossPerShare" xlink:title="Label : BasicEarningsLossPerShare to label_BasicEarningsLossPerShare" />
    <link:label xlink:type="resource" xlink:label="label_BasicEarningsLossPerShare_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BasicEarningsLossPerShare_1" xml:lang="en" id="label_BasicEarningsLossPerShare_1">EARNINGS PER SHARE (€) (BASIC)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BasicEarningsLossPerShare" xlink:to="label_BasicEarningsLossPerShare_1" xlink:title="Label : BasicEarningsLossPerShare to label_BasicEarningsLossPerShare_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutedEarningsLossPerShare" xlink:to="label_DilutedEarningsLossPerShare" xlink:title="Label : DilutedEarningsLossPerShare to label_DilutedEarningsLossPerShare" />
    <link:label xlink:type="resource" xlink:label="label_DilutedEarningsLossPerShare_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DilutedEarningsLossPerShare_1" xml:lang="en" id="label_DilutedEarningsLossPerShare_1">EARNINGS PER SHARE (€) (DILUTED)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutedEarningsLossPerShare" xlink:to="label_DilutedEarningsLossPerShare_1" xlink:title="Label : DilutedEarningsLossPerShare to label_DilutedEarningsLossPerShare_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfFinancialPositionAbstract" xlink:to="label_StatementOfFinancialPositionAbstract" xlink:title="Label : StatementOfFinancialPositionAbstract to label_StatementOfFinancialPositionAbstract" />
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