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| BAM acquires Belgian property developer Landsbeeck Royal BAM Group has reached agreement on the acquisition of all shares of the Belgian property developer Landsbeeck NV, which is based in Wilrijk, Belgium. The shares are held by the management. It is expected that the transaction will be completed within the next few weeks. Landsbeeck and its subsidiary Kairos have been active on the high-end office development market since 1989. In 2006, the consolidated turnover amounted to some €60 million and a good result. The company is placed among the largest and most successful players in the Belgian property sector. Landsbeeck's activities are focused mainly on Brussels, Antwerp and the other urban areas in Flanders. Landsbeeck's present management will remain with the company until at least 2010. For the execution of the projects, Landsbeeck works closely with the Belgian non-residential construction company Interbuild, which has been part of Royal BAM Group since 1998. Landsbeeck's current owners also owned Interbuild until 1998. write your comments about the article :: © 2007 Construction News :: home page |