3 Decades of Success: The Major Influence of the Van Overstraeten Family on Home Invest Belgium
Van Overstraeten family
Home Invest Belgium, based in Brussels, is a listed company specializing in the residential property management. With a market capitalization an impressive 350 million euros, with a diversified portfolio of over 2,500 residential and commercial units. 5 projects valorized to 860 million euros.
Market presence and performance
The company has a balanced geographical spread, with 67% of its properties in Brussels, 14% in Flanders, 10% in Wallonia, and 9% in the Netherlands. The main focus remains residential, representing 80% of its portfolio.
In 2023, Home Invest Belgium did not record a significant loss, but rather faced a slight decline in net asset value per share, which fell by 3.8% in first-half 2023. Despite this, the company continued to post solid financial results, with uan 11.7% increase in EPRA (Earnings Per Share) profits. This indicates a positive financial performance in a generally stable environment.
In addition, Home Invest Belgium maintained a high occupancy rate, reaching a record 98.4% in 2023, reflecting strong demand for their residential units. Rental growth was also robust, increasing by 8.2% in like-for-like terms over the same period.
Innovations and Developments
The company has acquired and developed several projects, such as the Den Dam project in Antwerp, aimed at sustainable, energy-efficient residential units. In addition, the commitment to sustainability is reinforced by the implementation of a green finance framework.
The Van Overstraeten Family: Pillars of Home Invest Belgium
The Van Overstraeten family has played a crucial role in the history and growth of Home Invest Belgium. Entry into the capital in 2008, it now holds around 30.3% of the shares via the Van Overstraeten group.controlled by the family through various entities. The Chairman of the Board, Liévin Van Overstraeten, and several family members are actively involved in the company's management and strategy. The Van Overstraeten family has an estimated fortune of over €197,829,290.
Role of Guillaume Botermans
Guillaume Botermans played a crucial role as Chairman of the Board of Home Invest Belgium, making a significant contribution to the company's evolution and growth. During his tenure, he not only guided major strategic decisions, but also strengthened the Van Overstraeten family's influence on the Board of Directors.
Although the Van Overstraeten family was already present on the Board, it was under Botermans' leadership that their position was consolidated, with Liévin Van Overstraeten appointed Vice-Chairman. This marked a decisive turning point for Home Invest, enabling the family to play an even more central role in the company's long-term strategy and continue to influence its expansion in the Belgian real estate market.
Family fortune
The Van Overstraeten family's fortune is closely linked to their significant stake in Home Invest Belgium. Their management and continued expansion in the Belgian real estate sector reflect not only their commercial acumen but also their ability to substantially influence the local real estate market. The Van Overstraeten family has an estimated net worth of close to 200 million euros.
Dividends and returns to shareholders
True to its reputation, Home Invest Belgium has increased its dividend for the 24th consecutive year, illustrating its commitment to shareholders despite recent financial challenges. The Van Overstraeten family has received several million euros in dividends each year.
