New shareholder for Eaglestone

Tim Harrup

The newest Belgian developer to have joined the ‘big league’ has announced a change in its shareholding. European real-estate group Eaglestone has reported that the Compagnie du Bois Sauvage has acquired a 30% stake in its central holding company. The Company du Bois Sauvage has purchased these 30% from the group's 3 existing shareholders, based on a valuation of 220 million Euros. The completion of this transaction is subject to certain conditions. Gaétan Clermont and Nicolas Orts remain joint CEOs and shareholders with a 35% stake, together with the other original shareholder who also retains 35%. They will continue to manage and develop the activities of the group, which was established in 2010.

Today, Eaglestone is active in Belgium, Luxembourg and France. Composed of a multidisciplinary team of 80 people across the 3 countries, the group manages 80 projects representing more than 500,000 m² that is either owned or under construction, and an investment value of 1.5 billion Euros.

With this share acquisition, the Compagnie du Bois Sauvage wishes to further invest in real estate and play a part in the desired growth of Eaglestone. The group has tripled in size in recent years – notably through the realisation of several large projects in Belgium and Luxembourg and the recent acquisition of the French group Interconstruction. In Belgium, Eaglestone is active in the residential and office sectors with 30 ongoing projects, amounting to over 120,000m². In Luxembourg, Eaglestone is developing 10 projects for a total of 80,000m², primarily in Luxembourg City. Interconstruction is a leading player on the Parisian market and is developing 40 mainly residential projects at Ile de France, constituting a real-estate asset portfolio of almost 300,000 m².

The Compagnie du Bois Sauvage is an investment holding company, quoted on NYSE Euronext Brussels, with a stable, ‘family’ principal shareholder. The Company aims to focus on a limited number of holdings, whether listed on the stock exchange or not, mainly in the industrial sector.