Real estate certificates are debt claims, which may or may not be listed on an exchange, that offer a variable rate of interest. They entitle holders to beneficial ownership of real estate: i.e. the net income derived from the buildings and any net proceeds when they are sold.

Part of the annual coupon qualifies as redemption of principal, so it is exempt from withholding tax. The other part, the interest component, is subject to a withholding tax.

Property risk exposure is generally concentrated on a single or a limited number of buildings and will determine, as well as financial and real estate market trends, the value of the real estate certificate and its expected income.

Click on the real estate certificate below to find more information concerning the real estate certificates, managed by AG Real Estate.
NameISIN CodeIssuing Company 
LOUVAIN-LA-NEUVE BE 0105067160 Immolouneuve View
CHAUSSEE DE LA HULPE BE 0109336173 Certinvest View
WOLUWE SHOPPING CENTER BE 0003571792 Le Certificat Foncier View
WESTLAND SHOPPING CENTER BE 0003572808 Le Certificat Foncier View
MACHELEN KUURNE BE 0003596070 Le Certificat Foncier View
WOLUWE EXTENSION BE 0003600112 Le Certificat Foncier View
KORTRIJK RING SHOPPING CENTER BE 0003608198 Le Certificat Foncier View
MACHELEN II BE 0003655660 Le Certificat Foncier View
PLACE COMNUNALE AUDERGHEM BE 0003667780 Le Certificat Foncier View
WESTLAND 2004 BE 0003812295 IREC Westland View

The issuing companies of Le Certificat Foncier, IREC Westland and Immolouneuve have adopted a Governance Charter
(text only available in French and Dutch):