Vabeld has purchased its third property on the famous De Keyserlei in 2 years.
Five Guys having opened earlier this year, works on De Keyserlei 43 have started with the objective of having our tenant, Boulangerie Paul open before year end. Still a bit further towards the station, Vabeld has now acquired another property let to Boston Steak house from an private owner. It underlines our belief in this location as a solid leisure location for the future. Furthermore, Vabeld has also already concluded a smaller fourth acquisition on the De Keyserlei, for which more details are to follow at a later time.

In Bruges, we were able to buy Simon Stevinplein 12 from a professional retail investor. The unit has been rented to Otomat, the pizza chain serving pizza based on dough infused with beer which opened already in Ghent, Antwerp and Leuven. Fit out works are underway and the opening is scheduled for July.

In addition to 2 restaurants, Vabeld also acquired 2 hotels in the first half of the year.
In Antwerp, we purchased the Quality Inn from a private owner operator. The hotel has 47 rooms, is located very close to the Operaplein and a minute away from the famous Meir/Leysstraat and has a 4**** classification. The hotel is now let to a private operator which already rents another hotel from us but still under the Quality brand, which is part of Choice Hotels, one of the largest hotel brands in the world.
Finally, in Bruges again, we acquired Hotel du Grand Sablon, the oldest hotel in the heart of the town which currently has 20 rooms but with building consent to convert the hotel into a 4**** high end product with 43 rooms. A long term contract is signed with an independent operator.

More leisure investments are currently being considered.