Brief: Home Invest Belgium Reaches Agreement In Principle With Cityforward On New Housing Units

Home Invest Belgium SA

05/03/2025 07:05

March 5 (Reuters) - Home Invest Belgium SA HINV.BR:

REACHES AGREEMENT IN PRINCIPLE WITH CITYFORWARD TO BUILD 800 SUSTAINABLE HOUSING UNITS IN BRUSSELS' EUROPEAN DISTRICT

EXPECTED GROSS INITIAL YIELD ON THE TRANSACTION IS ABOVE 5.0%

HOMI EXPECTS TO BUILD AROUND 800 NEW HOUSING UNITS SPREAD OVER A PERIOD OF 7 TO 9 YEARS

HOMI WILL MAKE AN ADVANCE PAYMENT TO  CITYFORWARD OF € 50.0 MILLION

ACQUISITION PRICE FOR INDIVIDUAL PROJECTS WILL BE SET OFF AGAINST THE ADVANCE PAYMENT

ADVANCE PAYMENT OF € 50.0 MILLION, DUE ON THE SIGNING DATE, WILL BE FULLY FUNDED FROM AVAILABLE CREDIT LINES

Source text: here

Further company coverage: HINV.BR

 (Gdansk Newsroom)

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