Home Invest Belgium: “The acquisition of City Dox Lot 4 accelerates growth in Brussels”

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Under embargo until November 9, 2021 – 5:40 p.m.

Home Invest Belgium: the acquisition of City Dox Lot 4 accelerates growth in Brussels

November 9, 2021, Brussels – Home Invest Belgium, the specialist in rental residential real estate, strengthens its position on the Brussels market by acquiring the land and the planning permit for City Dox Lot 4. Ideally located on the bank of the canal in Anderlecht, the site will accommodate 163 housing units, 132 parking spaces, 324 covered spaces for bicycles and 2,200 m2 of production space. The total investment of the project, which is scheduled for delivery in 2023, will amount to around 50 million euros. “This project fits perfectly into our strategy of investor-developer of sustainable residential projects for the rental market. Our position as investor-developer allows us to immediately implement quality construction and thus increase the size of our portfolio fairly quickly ”, explains Home The CEO of Invest Belgium, Sven Janssens.

Home Invest Belgium has now finalized the acquisition, initially announced on January 22, 2021, of City Dox Lot 4 in Anderlecht – under the usual condition of obtaining a permit. The project, which represents a total investment of nearly 50 million euros, will have an estimated gross initial return of around 4.5% once the building is fully occupied. Delivery is scheduled for 2023.

Developed by Atenor, this high-quality project was acquired with a final permit, which allows it to start immediately.

Home Invest Belgium CEO Sven Janssens: “We are strengthening our position as a benchmark player in the residential property market, focusing in particular, but not exclusively, on Brussels. Our know-how as an institutional investor allowed us to acquire this project, and our experience as a developer will allow us to build it.We firmly believe in the potential of the project on

Under embargo until November 9, 2021 – 5:40 p.m.

the rental market and the contribution it will make to achieving our goal of being the landlord of choice for Belgian tenants. ”

Choice owner

The site will accommodate 163 residential units, 132 parking spaces, 324 covered bicycle spaces and 2,200 m2 of production space. , 87 2-bedroom apartments, 16 3-bedroom family apartments, 11 more spacious 3-bedroom apartments and 8 4-bedroom apartments. Most apartments will have a terrace and all occupants will have access to the hanging garden.

Diversity, sustainability and quality of life play a key role in the design of the project, with the development of a hanging garden, integration into a multifunctional district and access to soft mobility. In addition, the development of rental services in the building will strengthen Home Invest Belgium’s position as the lessor of choice on the rental market.

Ambitious project

The site, ideally located near the canal embankment in Anderlecht, is part of a large-scale project along the Brussels-Charleroi canal, a district undergoing redevelopment. This new district resolutely turned towards the future will combine an optimal combination of functions and find a harmonious balance between private, common and public spaces, all in a privileged location on the edge of the canal and built around a large park.

Located just outside the city gates and directly connected to the center of Brussels, the project offers occupants easy access to the city. City Dox is also close to Bruxelles-Sud – the first TGV station in Belgium – which makes the new district even more attractive.

Home Invest Belgium CEO Sven Janssens: “Jointly with the agreement concluded with Immobel and BPI Real Estate at the end of June 2021 for the acquisition of building A in the Key West project (101 residential units for an investment of around 30 million euros , subject to issuance of the town planning permit), Home Invest Belgium confirms its accelerated investment strategy driven by quality projects located in a district of the future. ”

Under embargo until November 9, 2021 – 5:40 p.m.

FOR MORE INFORMATION

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 November 09, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 09 November 2021 16:54:16 UTC.

Public now 2021

All the news of HOME INVEST BELGIUM NV
Sales 2021

Net income 2021

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PER 2021 ratio
Yield 2021 4.23%
Capitalization 393 million
455 million
456 million
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Number of employees 41
Free float 54.0%

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