JLL kickstarts its new “Living Segment” in Belgium with the sale of a Core student housing portfolio in Ghent
Brussels, 03/04/2020 – The JLL Capital Markets team proudly announces the sale of a prime student housing portfolio in Ghent, consisting of 2 buildings for a total of 66 student rooms.
An alternatives market on the rise
The portfolio is situated in top locations in Ghent, which is one of the largest ‘student cities’ in Flanders. It has all attributes of a Core investment, as besides its location, it has a 100% leasing track record and thus a stable rental income, a wide range of student rooms and is of outstanding quality.
Adrian Glatt, Head of Capital Markets Belux, on the transaction: “The living sector in Europe has been growing and in some cities like London, Amsterdam or Paris it is a very established market as there is an important offer in these cities. We are very glad with this transaction, not only because it confirms the trend that also in Belgium the living sector is growing through an increasing offer, which in its turn is attracting institutional investors, proving to be a viable alternative investment, but also because this transaction is the first to kickstart our new Living Segment within the Capital Markets department”.
He continues: “We are very happy to have successfully advised our client, a private investor, for this sale to an institutional investor, and look forward to grow and expand our business in the Living Segment”.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.be.