Home Invest Belgium rises on deal for residential development portfolio in Brussels

Home Invest Belgium SA

06/08/2025 08:44

** Shares in Home Invest Belgium HINV.BR rise 2% as it reaches final agreement with Cityforward for the acquisition of a residential development portfolio in Brussels

** The partnership involves the conversion of 8 office buildings into residential units over the next 7 to 9 years increasing its real estate portfolio to around 1.25 billion euros ($1.45 billion)

** "The metrics of this deal, resulting in significant NTA uplifts make us very supportive", KBC securities analysts say

** "Given the large government involvement in the deal, we think permits will be more easy to obtain," they add

** The broker also lifts its target price to 21 euros per share from 18 euros

** Shares in Home Invest Belgium are on track for their best day since July 21, if gains hold

($1 = 0.8641 euros)

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@thomsonreuters.com;))