On 30 November 2020, a share transfer agreement was concluded for the sale of a family-owned private property management company.
This company owns several real-estate assets located in Brussels. A private investor and BuyerSide client is taking over the company with its four real-estate assets.
Some of the assets in this portfolio may legitimately be considered ‘emblematic’.
A real-estate portfolio at the heart of Brussels
Nicolas Vincent, Managing Director and co-founder of BuyerSide, says: “The building in rue du Chêne stands just opposite the Manneken-Pis, so close that if the little boy made a bit of an effort, he could sprinkle the façade!”.
The portfolio consists mainly of two complete blocks, one in rue du Chêne and the other in rue Ten Bosch. The remainder comprises several rental units that are part of jointly owned properties in rue des Mélèzes and Avenue Louis Lepoutre. The real-estate value of the transaction as a whole is estimated at close to € 4 million.
A transaction founded on trust
Nicolas Vincent adds: “The transaction was completed quickly and without the assistance of legal/tax consultants. Everything was managed in harmony with our client: the drafting of the share transfer agreement, the calculation of the price, the creation of the data room, etc. In my view, the watchword of this transaction was trust. The various parties (seller, buyer and BuyerSide as the intermediary) got along well and appreciated one another from start to finish. This will rank among my most enjoyable transactions."
Through this transaction, BuyerSide is strengthening its position as a consultant on acquisitions in the residential sector and on the acquisition of private property management companies: “Above and beyond the traditional residential sector, our buy-side pure consultancy business is increasingly expanding to include other sectors with a marked appetite for private property management companies”, Nicolas Vincent explains.