Home Invest Belgium: strengthens its position in Antwerp

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Under embargo until 10/21/2021 – 5:40 p.m.

Home Invest Belgium strengthens its position in Antwerp

Brussels, October 21, 2021 – Home Invest Belgium, the specialist in residential rental property, has completed the acquisition of all the shares of The Ostrov NV, owner of a building located at Ankerrui 9 in Antwerp. Home Invest Belgium intends to transform the site into around thirty housing units as well as commercial spaces. The company’s share price is based on the property value of the existing office complex, estimated at around € 10 million. “The acquisition of this second site allows us to continue our growth in the big Belgian cities while strengthening our presence in Antwerp, a city where we want to continue to develop in the future”, declares Sven Janssens, CEO of Home Invest Belgium.

“This transaction is a real estate opportunity in line with Home Invest Belgium’s rapid growth strategy, generating a very good yield of 6.3%. In addition, we are currently studying the redevelopment of the building into residential units at the end of the current lease, said Home Invest

Belgium CFO Preben Bruggeman.

Finalized agreement

Home Invest Belgium announced on May 21, 2021 the agreement to acquire, under certain conditions, 100% of the shares of The Ostrov NV, the company that owns the building located at Ankerrui 9 in Antwerp.1 Home Invest Belgium completed the acquisition today.

“With this transaction, we acquire a second site in Antwerp in a prime location. This new building is a stone’s throw from the Eilandje district, one of the most desirable areas in the city center. By renovating and transforming a building of existing office space in a contemporary residential project, we are helping to promote sustainability and regenerate the quality of life in the city ”, said Sven Janssens, CEO of Home Invest Belgium.

1 Press release, May 21, 2021: Home Invest Belgium acquires a second site in the heart of Antwerp

© Patrick Henderyckx

Under embargo until 10/21/2021 – 5:40 p.m.

A contemporary residential project

The building is let as offices under a firm lease for an annual rent of € 648,000. At the end of the lease, Home Invest Belgium intends to transform the site into a mixed project comprising around thirty housing units with commercial spaces on the ground floor.

The company’s share price is based on the property value of the existing office complex, estimated at around € 10 million.

A second acquisition in the heart of Antwerp

The building stands out for its extraordinary location in the popular district of Antwerp Eilandje district, is home to a picturesque marina along the Napoleondok and a lively meeting place for locals. It is a historic center and a meeting place for many Antwerp residents. Not only is the building in a

and cosmopolitan, but its location at the entrance to the Waasland Tunnel and close to a city-wide tram line makes it very easy to reach.

FOR MORE INFORMATION

Sven Janssens

Preben Bruges

Chief Executive Officer

Financial director

Phone. : +32.2.740.14.51

Home Invest Belgium

E-mail:

Woluwedal ​​46, box 11

[email protected]

B-1200 Brussels

www.homeinvestbelgium.be

About Home Invest Belgium

Home Invest Belgium is a public regulated real estate company (SIR or BE-REIT) specializing in the acquisition, promotion, rental and management of residential real estate. As of June 30, 2021, Home Invest Belgium holds a real estate portfolio worth 668 million euros in Belgium and the Netherlands.

Home Invest Belgium is listed on Euronext Brussels [HOMI] market since 1999 and had a market capitalization of 391 million euros as of June 30, 2021.

Disclaimer

Home Invest Belgium SA published this content on 21 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on October 21, 2021 04:03:03 PM UTC.


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