Strategic partnership for investing 280 million Euros in Belgian affordable housing

Institutional asset managers Bouwinvest Real Estate Investors and CBRE Global Investment Partners have entered into a strategic partnership with developer ION. Together, via the ION Residential Platform they are to invest 280 million Euros in one thousand affordable new-build houses and apartments exclusively for the rental market. An initial investment capacity with the expectation that this may increase over time.The creation of this Belgian investment platform in residential real estate follows a major trend: the evolving demand in favour of more rental housing, less ownership. Experts expect that the percentage of home-owners in Belgium would drop from 72 to 65 percent by 2030, which means that tens of thousands of additional Belgians will rent a home instead of owning one.

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