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New acquisition via takeover by HIB

Home Invest Belgium has announced that it has just acquired all the shares of the Investers SA company, which owns 27 apartments, 4 stores and 2 offices spread over three different buildings in Brussels.

One is located in Schaerbeek (rue F-J Navez 81-85) and includes 10 apartments with a total surface of 626 m². The second building is located in Uccle, on the corner of the Rue Xavier de Bue and the Chaussée d’Alsemberg, the very heart of the shopping district of the centre of the commune. Investers SA owns a part of this building, namely, 8 apartments and 3 shops with a total surface area of 1,029 m².

The third building is located in Saint-Gilles (Chaussée de Waterloo 41-43) and includes 12 units, of which 9 apartments, 2 offices and a retail unit with a total surface area of 1,008 m².

The buildings are in good condition and all units are currently rented. The total annual rent represents +/- 350.000 EUR. The agreed value of the properties has been set at 5.5 million EUR and the transaction was concluded in line with the fair value determined by Cushman & Wakefield.

This acquisition perfectly fits within Home Invest Belgium’s strategy, pure player in residential property, whose core-business consists of making quality buildings available on the rental market and guaranteeing their professional management.

| 01/09/2017

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