De Graeve Family: 50 Years of Real Estate Success with Immogra
The de Graeve family
The company real estate known as Immogra, has made a name for itself in the Belgian real estate industry.. Founded in 1967 by Carlos De Graeve, the company is now run by twin sons Frank and Dirk De Graeve. Over more than fifty years, the company has developed some 4,000 real estate projects, including grouped housing, apartments and housing estates, as well as office, retail and mixed-use projects, creating a legacy for the de Graeve family of over thirty years. over 170 million euros.
The holding company Immogra is Service & Development Group Belgiumwhich manages the various entities under its control. Despite a history marked by corruption scandal involving real estate developers in the 1980s, the company continued to expand. The case involved Carlos De Graevebut the case against him was time-barred.
At the dawn of the new decade, Service & Development Group Belgium was structured by the merger of three intermediate holding companies, with significant contributions in capital and real estate holdings. These initial investments were substantial for the company's growth.
Immogra has recently been involved in a number of major projects:
- One Broel in Kortrijk, offering 68 apartments in four buildings.
- Woluwe Gardens on the outskirts of Brussels, a 124-unit luxury apartment complex.
- Visit New Market in Harelbeke, a complex including apartments, assisted living, commercial spaces and parking lots.
- The controversial Tolhuis Tower in Antwerp, whose height was initially reduced from 90 to 50 metres.
The capital of this holding company was established thanks to the financial contributions of the family companies Carinvest, Green Park Investments and DDG Invest, reflecting the commitment and confidence in the continuity and prosperity of the De Graeve family's real estate business. a fortune of €172,500,000.
Immogra illustrates a model of perseverance and success in a highly competitive sector, despite the challenges and controversies of the past.
