In a little less than a year, BuyerSide has built up a family real estate portfolio for a Belgian family that had sold its business and wished to reinvest part of the proceeds of the sale in bricks and mortar.
In June 2022, this family entrusted us with the mission of advising them throughout the acquisition process (research, analysis, valuation, negotiation, contracts) in order to invest in several yielding buildings as diversified as possible.
In the month of April 2023 we are closing the 8th and last transaction after a long and beautiful series. Focus on these transactions which demonstrate the repeated confidence that these clients have shown us.
Transaction 1 :
Building of 2019 in the center of Brussels, in a dead-end street a few steps from the Grand Place
7 apartments
12 parking spaces
Transaction 2 :
Lot of 10 parkings in a condominium next to the building, quite unique and popular in the historical and pedestrian center of Brussels
Transaction 3 :
Building of 8 apartments in Limelette
Transaction 4 :
Office building avenue Molière in 1050 Ixelles
Transaction 5 :
Single family house rented in coliving on the boulevard Louis-Schmidt in Etterbeek
15 rooms
Transaction 6 :
Single-family house rented in coliving avenue de l'Hippodrome in Ixelles
11 rooms
Transaction 7 :
Mixed use building rue Américaine in Ixelles
Commercial ground floor Horeca
3 apartments
Transaction 8 :
Mixed building rue de l'Aqueduc in Ixelles
12 apartments
3 commercial ground floors
We are particularly proud to have built up such a diversified portfolio:
Firstly, in terms of AAA locations (we have selected different municipalities in Brussels and a building in the Walloon Brabant),
Secondly, in terms of asset typology (the portfolio currently includes residential rental buildings, mixed-use buildings, coliving, offices and parking lots)
And thirdly, in terms of general condition (the selection includes almost new buildings but without VAT, others in good condition but also buildings to be renovated which still offer the possibility of "boosting" the profitability). The yields are necessarily different from one asset to another but compensate each other, value can still be created on the assets to be renovated by re-renting them at higher rents after the renovations are completed.
This new real estate portfolio offers the family a good diversification of their overall assets, and within this portfolio a sub-diversification that makes a lot of sense. The investment they have made is a safe one that will increase in value over the years. This heritage created in less than a year will offer stability and recurring income to protect future generations.
We also assisted our clients in the tax and asset structuring of the acquisitions. The management of the buildings was entrusted to our subsidiary OwnerSide.