BPI sells its holding in the companies developing the Oosteroever site in Ostend to the Versluys Group

The disposal of the shares held by BPI in the companies developing the Oosteroever site will allow the Versluys  Group  –  whose  shareholders  are  Bart  Versluys  and Marc  Coucke  – to  take  up  whole  ownership  of  the  new residential  development  in  the  port  of  Ostend  (each  party  previously  held  a  50%  stake). 

10-March-2017
Press releases

The disposal of the shares held by BPI in the companies developing the Oosteroever site will allow the Versluys Group  –  whose  shareholders  are  Bart  Versluys  and Marc  Coucke  – to  take  up  whole  ownership  of  the  new residential  development  in  the  port  of  Ostend  (each  party  previously  held  a  50%  stake).  The  acquisition  of these  shares  will  cost  €  24,000,000.  After  seven  years  of  productive  and  cordial  collaboration,  the  Versluys Group is concluding this transaction in order to develop and market the “Oosteroever” site independently. PI sees it as an opportunity that will enable it to reinvest in various major urban development projects. 

Jacques Lefèvre – CEO of BPI: “When we decided to get involved in the urban development of the city of Ostend in 2010 by taking part in two public  private  partnership  (PPP)  procedures  –  “Baelskaai”  and  “Vuurtorendok”  –  collaboration  between  the Versluys  Group  and  BPI  seemed  a  logical  step.  The  Versluys  Group  had  extensive  knowledge  of  the  local market.  We  possess  expertise  in  a  number  of  areas,  such  as  experience  of  large‐scale  urban  development projects,  including  one  on  the  coast  (“La  Réserve”  in  Knokke),  the  know‐how  of  our  general  contracting subsidiary MBG in the construction of high‐rise buildings and an extremely solid financial position thanks to the support of our publicly listed parent company CFE. The modernist vision of Bart Versluys and the capabilities of his team contributed to the success of the venture.” 

Bart Versluys – CEO BouwGroep Versluys:  “As CEO of the Versluys Group, I expressly wish to thank the BPI, CFE and Ackermans & van Haaren team for the many years of productive collaboration on the Oosteroever project. The success of this unique venture is primarily  due  to  the  vision,  investment  and  enthusiasm  of  both parties.  Irrespective  of  the  fact  that  we  are going our separate ways on the Oosteroever project, I have no doubt that the Versluys Group will gladly work with the multidisciplinary team of BPI and CFE again in future if the opportunity presents itself.” 

For more information:
BPI 
Jacques Lefèvre 
Administrateur Délégué BPI  
jle@bpibe.com 
Mobile: +32 (0)475 53 91 91 
Fabien de Jonge 
CFO BPI  
Fabien_de_jonge@cfe.be  
Mobile: +32 (0)497 51 44 06 
The images can be downloaded from the website:  https://we.tl/QORKdAfu

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