24/10/14

Eubelius assisted Retail Estates in obtaining B-REIT status

On 24 October 2014, the shareholders of Retail Estates, a Belgian REIT specialised in peripheral retail properties and listed on Euronext Brussels, approved the change of status from a “public real estate investment company” (“openbare vastgoedbevak / sicafi publique”) into a “public regulated real estate company” (“openbare gereglementeerde vastgoedvennootschap / société immobilière réglementée publique”). All conditions precedent related to the change of status have been fulfilled, so that Retail Estates benefits from the public B-REIT status as from 24 October 2014. The B-REIT status is better aligned with the economic reality and offers a modified legal framework that fits in with the capacity of Retail Estates as an operational and commercial real estate company.

The Eubelius team that has assisted Retail Estates with the change of status to the B-REIT regime, was led by Lars Van Bever, Arne Hermans and Carl Clottens.

Eubelius has assisted the entire public real estate investment sector (“vastgoedbevaks/Sicafi”) for more than two years with the preparation and implementation of the new B-REIT regime.

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