Home Invest Belgium : New Acquisition

Under embargo till 1 December 2016 at 8 a.m.

Regulated information

PRESS RELEASE

NEW ACQUISITION

On 30 November, in Amsterdam, Home Invest Belgium has acquired directly 241 holiday homes in the Center Parcs complex 'Port Zélande' located in Ouddorp, between Grevelingen Lake and one of the most beautiful beaches of the North Sea (province of Zeeland).

The cottages are part of a complex of approximately 700 holiday homes, surrounded by "central facilities" (such as aquafun pool, restaurants, shops, playgrounds, …), which is operated by Center Parcs, a subsidiary of the French group Pierre & Vacances. Home Invest Belgium becomes the most important owner of holiday homes in the complex. The cottages will be renovated and will be leased for a period of 15 years by Center Parcs based on a 'triple net' rental agreement. The initial rent amounts to € 2.32 million excluding VAT and will be indexed annually.

The cottages are subject to a leasehold granted by the Dutch government1, ending in 2086. At the end of that period, the leasehold will be renewed for 99 years, unless the Dutch government does not wish to extend it for reasons of national interest, in which case it will consequently have to indemnify the leaseholder for the existing constructions.

1 Staat der Nederlanden, Landbouw en Staatsbosbeheer

Boulevard de la Woluwe 60, box 4

1

B - 1200 Brussels

Based on the values of last 30 September, this acquisition will represent ± 10% of the portfolio of the REIT and will improve its geographical diversification.

The transaction was realised in line with the fair value defined by BNP Paribas Real Estate Hotels France, recently appointed as second certified property surveyor of the company, charged with the quarterly valuation of this portfolio.

The acquisition was funded with credit lines expiring in January 2025 (maturity 8 years +), which results in an increase of the debt ratio (standing at 42% on 30 September 2016) to around 50% by the end of the year.

This transaction, "triple net", shall contribute in a significant way to the increase of the net current result of the company.

For this transaction, Home Invest Belgium was advised by Atream, a French real estate asset and fund manager, certified by AMF, and key player in asset management of hotels. Operating or advising 1.2 billion assets in France, Atream develops in the Benelux in partnership with the company Oak3. Atream will assist Home Invest Belgium in the management and administration of the cottages.

Sophie Lambrighs, CEO concludes: "With this investment, the first beyond Belgian borders, Home Invest Belgium demonstrates its capacity to be a reference in residential property, and this, in the largest sense, going from student housing to holiday residences, over traditional apartments and Smart Living concepts".

For more information

Sophie Lambrighs Home Invest Belgium

Chief Executive Officer Boulevard de la Woluwe 60, Box 4

Tel: +32.2.740.14.51 B - 1200 Brussels

E-mail: sla@homeinvest.be www.homeinvestbelgium.be

About Home Invest Belgium

Since its constitution in June 1999, Home Invest Belgium is a Belgian listed real estate company, specialized in residential property. Owner of a portfolio of over € 400 million, it offers both high- quality premises and a professional management to its tenants. Home Invest Belgium also develops its own projects in order to ensure portfolio growth and proceeds to a regular arbitrage on part of it. Exclusively operating in Belgium till in the course of 2016, it strengthens the geographical diversification of its portfolio with the realisation of a first acquisition in the Netherlands.

Home Invest Belgium is listed on the continuous market of Euronext Brussels [HOMI] and benefits from the Belgian REIT (SIR/GVV) tax regime.

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