Stock info Retail Estates | Filter  Basic-Info

Retail Estates is a Belgium based publicly owned real estate investment group known for investing in retail possessions situated on borders of residential regions or on road sections of cities and urbanized locations. It is specialized in fixed capital of real-estate to acquire and manage the properties related to businesses like commercialized and privatized buildings, malls, urban shopping areas, mainly in the areas of Wallonia and Flemish (in Belgium). The foundation of the company has been laid down in 1988 and currently has been headquartered in Ternat, Belgium. Paul Borghgraef is the Chairman and Jan De Nys is the Chief Executive Officer of the company, operating mainly in Luxembourg and Belgium. Most of the property area cover tends to be between 500 to 3000 sq. meters, making an average of 1000 sq. meters of a typically acquired retail property, and the overall amount of properties have become 428,548 sq. meters.

Company’s Board of director’s had been chosen to include representative(s) of institutional investor(s) and managing authorities, who are knowledgeable experts in the fields of shares and real estate growth for taking all the decisions to be with utmost care and attention. All the share holders have been provided with a vehicle for investing and trading in a free manner and for availing cash from NYSE Euronext at any time. As according to the data of the year 2012, the company portfolio’s mentioning has shown a figure of 546.8 million EUR for all the assets of the company acquired at that time. The buying of the assets is being carried out by third parties and then after building and marketing shopping of its own.

The structuring of the company has been done like a US Real Estate Investment Trust (REIT), owning and developing around two hundred of possessions within the areas of Belgium and Luxembourg (with the help of its auxiliary units named as Wickes Land, Heytens, JBC, Brico GB, Blokker Group and Aldi) for the continuation of the addition of the customers. Some of the names of the renter of the company include Carpetright & Krefel, FUN, Blokker group, Piocheur and Brantano.

The company also did investing in out of town retailing ware houses properties, which are rented to retailing companies mostly. As according to the Europe’s trend of shopping-centers being started to be built in the outside urbanized regions, this group has also started to invest and developing in real-estate for suburbanized malls related to shops. There are some of the extra beneficial points that can be considered for the company like a varied portfolio that is being used for unlimited timing and thus can be used for a much longer period. Along with all this, development and commercialization of the buildings are also being done via Retail Estates.