Shareholders of Aedifica, a Belgian listed real estate player specialising in residential real estate (senior housing in Belgium and Germany and apartment buildings in Belgium’s main cities), approved the change of status from a “public real estate investment company” (“openbare vastgoedbevak / sicafi publique”) to 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; thus, Aedifica benefits from the public B-REIT status as from 17 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 Aedifica as an operational and commercial real estate company.
 
The Eubelius team that assisted Aedifica with the change of status to the B-REIT regime was led by Lars Van Bever, Sven Bogaerts 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.