IMMOBEL acquires 30 % of Urban Living Belgium NV and expands its development portfolio, mainly in Flanders

IMMOBEL acquires 30 % of Urban Living Belgium NV and expands its development portfolio, mainly in Flanders

Through this acquisition, IMMOBEL reinforces the implementation of its strategy and its desire to continue broadening its development portfolio in Belgium.

Triple Living and IMMOBEL have reached a mutual agreement (under the usual conditions) on the takeover of 30 % of the shares in the company Urban Living Belgium NV. Further to this agreement, together Triple Living and IMMOBEL control 100 % of the former Land Invest Group.

Given the scope of the national spread of the various projects in the Urban Living Belgium NV portfolio, both parties consider the combination of Triple Living and IMMOBEL to be the ideal partnership to ultimately develop these projects to establish high-quality new neighbourhoods in inner city areas.