Vabeld was able to add two exceptional assets to its Belgian portfolio recently.

In Ghent, Vabeld acquired the retail properties and surrounding parking spaces in the Planet Group Arena (formaly known as the Ghelamco Arena). The sale was structured through a share deal, Ghelamco being the seller.

Anchor tenant is the Albert Heijn supermarket with it’s 2.500 sqm surface. Other tenants on site are (among others) Runners Lab, Golazo, Lucien Bikes, …

In Antwerp, Vabeld bought the iconic corner building at the Leysstraat 27, the former Grand Hôtel Métropole, on the corner with the Teniersplaats.

The retail floors are let to the Bestseller format Only. The upper floors consist of appartments and offices.

Both acquisitions confirm Vabeld’s continued ambition to acquire properties on the very best prime locations, both in out of town retail, as in city centers.

Much earlier than anticipated, Vabeld has sold its German asset in Wittlich.

For a while, a neighbouring and very large multinational company had shown very strong interest in acquiring the site for strategic reasons.

As the tenant in the property was struggling and finally filed for insolvency, Vabeld accepted their offer to buy, which constitutes a win-win for both parties.

Vabeld reported in 2022 that it acquired a number of properties in the northern part of Western Flanders. In 2024, three more properties were bought in this area with possibly more underway.

The focus on Bruges remains intact with an acquisition on the historic ‘Markt’ , on the corner with the Vlamingstraat. Vabeld won a public auction and immediately relet the property to a local retailer.

In addition, 2 rented properties were purchased in the Steenstraat, the main Bruges shopping street. Finally, another property was added to the portfolio in the Vlaanderenstraat in Ostend, located on the corner with the Langestraat.

Residential acquisition in Constanta

Whereas Vabeld is not typically investing in residential property, it has now done just that. We acquired 35 apartments in Constanza’s prime beach resort town called Mamaia. All apartments are located on one floor of a large scale project containing more than 10 such floors and called White Titanic. The project is currently under construction and will have several communal areas including a swimming pool, spa, sport accommodation, etc.

Almost all apartments have a direct beachfront view and come with an underground parking spot.

Construction is expected to be finished in 2025.