UBP : Another step into Real Estate
UBP (Union Bancaire privée) took another step towards its Real Estate strategy success. The bank has finally acquired two buildings in the center of Brussels, Belgium through a share purchase. The total surface area of 70 000 m2 is rented by Belgium’s ministry of foreign affairs. With this acquirement, the UBP Private Markets Group has reached EUR 4.1 Billion assets under management.
This is the second time that UBP takes such decision. The first one was in December 2021. Back then, UBP purchased the 30 000 m2 complex in Saint-Denis, which is now SNCF (The n°1 French railway company) headquarters.
UBP is successfully moving forward towards its goals. In fact, the bank’s Real estate strategy is going as expected. The latest acquirement is not only considered as a secure project for investors, but also a strong protection for the bank against inflation.
Governmental Real Estate is one of the safest investments for institutional investors. The ROI and the risk are both at a good ratio, it could only attract more investors.
UBP is not willing to stop its Real Estate investments here, the bank is willing to acquire more properties in several European countries: France, Belgium, Netherlands, Luxembourg and Germany. The minimum amount estimated for each transaction is no less than EUR 20 million and could even reach 4 times this amount.