ION Residential Platform
Belgium’s first unlisted institutional housing platform
ION Residential Platform (IRP) will be the very first unlisted institutional housing platform in Belgium. IRP aims to invest in affordable and qualitative rental housing in Belgium’s largest cities. The projects come partly from the pipeline of project developer ION, but will also be supplemented by those of other developers. The platform plans to make a number of purchases in the coming months.
What is the IRP?
IRP is a joint venture between ION, Bouwinvest Real Estate Investors and CBRE Global Investment Partners. The joint venture will have an initial investment capacity of 280 million EUR, which is expected to increase over time. IRP also wants to become a reference for tenants by offering quality and professionally managed homes. In addition, the sustainable projects of the platform must also actively contribute to a more climate-friendly housing market. For the partners, the Joint Venture will provide a stable long-term return, with a view to further growth in an attractive new market.
Investment Strategy
Locations
- Urban areas of Brussels, Antwerp, Ghent and Leuven
- Other Belgian cities with more than 50,000 inhabitants to be considered on a case-by-case basis
Segments
- Private Rental Housing
- Social Housing: long term contracts with SVK/AIS
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Alternative residential assets: student housing, co-living, senior housing
Type of investments
- Minimum asset value of €5M and 20 residential units
- Existing assets
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Development projects
Acquisition of residential development projects
ION Residential Platform can acquire projects in all stages of the development process
- Acquisition of land and buildings for (re)development, with or without permit
- Forward purchase agreement: acquisition at project delivery
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Forward funding agreement: payment of instalments according to construction works
Why sell a development project to IRP?
- Lower sales & marketing cost
- Elimination of commercial risk
- Improved development financing conditions
- Faster delivery of large (phased) development projects
About the IRP partners
ION is one of Belgium’s leading independent real estate companies. As a real estate developer and investor, we focus on high-quality architecture, sustainability and innovation. The development pipeline is geographically spread over Belgium and currently consists of 80 projects with a market value exceeding € 2.4 billion. With our extensive commercial, technical, financial and legal expertise, we succeed in creating added value for all stakeholders. ION has a dynamic team of over 100 real estate specialists, located in our offices in Brussels, Antwerp and Waregem. For more information, visit www.ion.be.
Bouwinvest Real Estate Investors invests capital mainly for pension funds and insurers. We invest for the long term and manage a total € 12.9 billion in various property sectors. We aim to play a role in contributing to the city landscapes of the future and influencing their design. Our asset management contributes to sustainability, livability and accessibility in the urban environment and the improvement of pension benefits in the retirement plans of our clients. In this way we create social and financial returns. In short: we create Real value for life. For more information, visit www.bouwinvest.com.
CBRE Global Investment Partners (CBRE GIP) is a division of CBRE Global Investors. CBRE GIP delivers investment solutions customized for clients’ individual objectives by constructing portfolios using private funds, secondaries, co-investments and joint ventures, partnering with leading operators and fund managers for each strategy. Investments cover the risk spectrum from core to enhanced, can be global or regional in nature, and use a variety of investment vehicles based on clients’ preferences. CBRE GIP has $ 34.9 billion in assets under management. For more information, visit www.cbreglobalinvestors.com.
