BuyerSide gives an overview at the latest deals signed during the summer of 2023.
DEALS signed and closed:
Share deal on a family company
A family well known to BuyerSide acquires shares in a family company. Its main asset was an attractive residential block near the Ixelles cemetery.
The same structure also included 4 shops, two in Ixelles, one in Watermael-Boitsfort and one in Walloon Brabant.
The opportunity had already caught our attention a few months ago... We were attracted by two key elements in this transaction:
- 1The exceptional location of the residential asset between the ULB and the Ixelles cemetery. The most popular area for students;
- The target was financed with low-interest loans dating from a few years ago. Our client was therefore able to acquire the property at current market yields while benefiting from past levels of funding.
New 14-unit building at Le Châtelain
At the beginning of July, a private client of BuyerSide acquired a building with 14 units and 10 car parks in the Châtelain district. The property was fully renovated by the vendor and then furnished by our client. In just a few weeks, OwnerSide was able to rent out all the units at the rents we had estimated in our business plan.
A genuine win-win transaction for all parties:
- For THE DEVELOPER, who was quickly able to secure the block sale, enabling him to position himself for other short-term investments;
- For OUR CUSTOMER, who has exceeded his expectations in terms of profitability thanks to furnished rental and who is taking ownership of a scare resource in a high-quality district;
- For BUYERSIDE, which fulfilled its role as acquisition advisor and achieved the objectives of the business plan;
- For OWNERSIDE, which let the building in record time and manages it.
Asset deal in Woluwe-Saint-Lambert for 14 units
Successful acquisition of a 14-unit block in Woluwe-Saint-Lambert.
When it comes to property deals, BuyerSide will always tell you that you need to be either the first to react to a good deal, or the last to put in an offer when everyone else is tired and the seller has "burnt his property". In this case, this is neither the first nor the second strategy we have implemented. The aim was to really understand the asset without simply focusing on the figures. You had to see what others didn't see !
Updating the rents following works and redesign of the space will enable this deal to offer a return that other competitors may not have seen.
THE DEAL signed, but not yet closed:
BuyerSide advised a private client on the acquisition of a block of 14 units. This is a beautiful complex in the heart of the European quarter. The strategy will be to rent out all the units furnished through our sister company OwnerSide, which will soon start its mission. We're waiting for the finishing touches to be made and the arrival of the furniture before starting the renting process.
The deal has been signed, but the building still needs to be handed over before the deed of sale can be signed.
Through these transactions, BuyerSide, with its BtoB team, is further strengthening its position as an acquisition advisor in the residential sector. Whether it's an asset deal or a share deal, when it comes to residential blocks of more than 10 units, don't hesitate to consult our BtoB team.
For all smaller transactions, our BtoC team remains at your disposal.
Despite the current state of the market, our customer base is growing every day with new private customers and families looking to buy. The number of search mandates in progress continues to grow... Many thanks in advance to our business introducers for any investment opportunities you may present to us.