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Colonies arrives in Belgium - Trends-Tendances sur PC

Colonies arrives in Belgium – Trends-Tendances sur PC

A first step that calls for others. Colonies, number one in coliving in France, arrives in Belgium. The company has just announced the opening of eight houses in Brussels (in partnership with Home Invest and Financière Saint James…

A first step that calls for others. Colonies, number one in coliving in France, arrives in Belgium. The company has just announced the opening of eight houses in Brussels (in partnership with Home Invest and Financière Saint James). This first operation will house 130 tenants. Other, more important, will follow in the coming months, including that with Eaglestone, which had already announced in 2021 that Colonies will manage 66 rooms of its future Twin Falls project in Woluwe-Saint-Lambert. Colonies has in any case the means of its ambitions. The start-up launched in 2017 continues fundraising while the investment fund Ares Management has also made available to it 1 billion euros to develop its business. The objective is to respond to the structural supply deficit of the rental market and the constant increase in prices. To achieve this, Colonies acts more like a technology platform for a developer (with a 5% return obligation) rather than a real estate player. It remains to be seen to what extent the French will overshadow the Belgian specialists in the sector such as Cohabs, Ikoab or even Colive.

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