Belgian listed company investing in residential real estate

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Apartment buildings

 

Aedifica invests in apartment buildings situated in lively districts that are centrally located and easily accessible within the Belgian major cities. The buildings are primarily residential but, given their urban locations which commonly feature mixed-use buildings, may also include office or retail space.

Aedifica is primarily interested in new or fully renovated buildings that are large to generate good returns and which offer strong potential for capital gains. Aedifica also acts upstream by investing in development projects that meet these criteria.

The apartments are often furnished by the occupants under traditional rental contracts, while apartments furnished by Aedifica tend to be let under short-term rental contracts that generate higher gross rental yields. The funirshed apartments ("business-flats") respond to the specific housing needs of the expatriate community in Brussels, which arise given the presence of the European Institutions, NATO, and the headquarters of many international businesses.

The Company’s 865 apartments are primarily located in Brussels and Antwerp.

Among the buildings of Aedifica, here are some examples of apartment buildings rented out as unfurnished:

Sablon

Aedifica is the owner of a highly visible building located at the heart of Brussels on the corner of Grand Sablon and rue de la Régence. The building was conceived by the celebrated architect Jo Crepain in one of the most lively tourist and shopping districts of the Europe’s capital city. In addition to its 30 apartments, the building also includes The Mercedes House which features a high-end restaurant run by a star chef.

Résidence Palace

Located in the Leopold district of Brussels alongside many key European Institutions, this prestige building (fully renovated in 2006 and a partially classied building) contains 57 apartments. Its location, coupled with its 1920s style, attracts a client base of expatriates working in and around the European Institutions who are looking for housing over a long period.

Résidence de Gerlache

This building, which contains 75 apartments and several commercial spaces, was acquired in 2011. It benets from an excellent location in Brussels, halfway between the European district and NATO. It was built on behalf of Aedica by a subsidiary of the Atenor Group in the context of an agreement in principle reached in 2007. Developed on a former industrial site, this project contributed to the revitalisation of the district.