HIB acquires a furnished residential building located in Brussels (BE)

Home Invest Belgium has acquired a residential building located on rue Joseph II 1000 Brussels. The building, in very good condition, comprises 15 furnished apartments with certain services, on a total surface area of 1,341 m². The ground floor is occupied by two commercial premises. The purchase price, excluding charges, is €3,5 mln and the gross yield is higher than 8 %.
The building is located near the Résidence Quartier Européen also owned by Home Invest Belgium. The close proximity of the two buildings will optimize the management thereof.
The extraordinary general meeting of shareholders of September 25, 2014 has unanimously approved the change in the status of the company from REIT to SIR, Public Regulated Real Estate Company (in accordance with the law of 12 May 2014 on regulated real estate companies). Home Invest Belgium immediately benefits from the SIR status as from this date, as no right of withdrawal has been exercised.
Home Invest Belgium is pleased to benefit from this new status, which will allow it to continue to exercise its role as an investor in residential real estate in the interests of the company and its shareholders. HIB would also like to thank its shareholders for their support throughout this status change process.
On 27 August 2014, the FSMA confirmed the definitive appointment of Sophie Lambrighs as executive director and effective leader of the company.
Source: HIB