Decree Spatial Economy in Flanders

Selling industrial real estate in Flanders with a deed poluted by the Decree Spacial Economy.

In Belgium public development companies and local governments had through the "law of economic expansion" the right to buy-back your commercial property if originally bought from them. A particularlity about this law was that these government privateers could buy the land at the same price you originally paid it for (plus indexation) and the constructions at bookvalue. In 2012 a new decree replaced this law in Flander, freely translated the "Decree Spatial Economy

New is that these government privateers now have to pay the real value of the constructions, yet still only the original indexed price of the land. 

If you are in this situation, please have your council consult the Dutch version of this page with detailed information on the matter and even a way out.

26/08/2012 by Patrick Vermuyten

AXIMAS bvba/sprl
BE0445345014
Call toll-free 0800 32020
E-mail: info@aximas.com
Supervising authority
Antwerp
Van Dornestraat 198
2100 Antwerp
+32 3 7727233
antwerpen@aximas.com
Brussels
4 rue de la Presse
1000 Brussels
+32 2 227 11 02
brussels@aximas.com
East- & West-Flanders
Hofstraat 269
9000 Ghent
+32 9 233 34 00
gent@aximas.com
Leuven / Limburg
Doornstraat 19
3370 Boutersem
+32 16 29 97 97
leuven@aximas.com