Belgian listed company investing in residential real estate

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Apartment buildings

 

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

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.

Aedifica is primarily interested in new or fully renovated buildings that are large enough to generate good returns and offer potential for capital gains, which may be realised through the sale of individual units within buildings initially acquired in full. Aedifica also acts upstream by investing in development projects that meet these criteria.

“In 2013, Aedifica acquired an apartment building ideally located in the heart of Brussels’ Louise district. The previous acquisition of a building of this type dates back two years. This newest building generates an initial gross rental yield of more than 5%.”
Stefaan Gielens, CEO

 

Among the buildings of Aedifica, here are some examples of apartment buildings:

Stephanie’s Corner

Acquired by Aedifica in 2013, this 27-unit building is ideally located in the heart of the Louise district.

Résidence Chamaris

Acquired by Aedifica in 2011, this 23-unit building is located in the Leopold district. It was originally an office building in the 1960s and was converted and renovated in 2009/2010.

Sablon

This building is located in Brussels’ city centre, in one of the most lively tourist and shopping districts of 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.