Ream General Partner – the management company of the REAM fund – is in charge of the strategic, operational and financial management of the fund and its assets.
Active in Luxembourg and Belgium, RGP advises and supports its private and institutional clients, for the sustainable development and performance of their real estate portfolio.
Our approach is rigorous. Our results targets, which are above market practices, stem from a rigorous analysis, significant commercial involvement and a high degree of selectivity.
On average, less than 5% of the dossiers we study are selected and acquired.
Our multidisciplinary team offers a wide range of complementary skills. Our employees have up to 20 years’ experience in their field of expertise. We perform financial analyses, investment management, sales, rental management and technical maintenance.
The performance of the REAM fund for the financial year ending 31/12/2021 was 7.01% net of management costs.
The rental portfolio generated €1.280.000 in gross rent for an occupancy rate of 98%. It should be noted that our investment strategy in the co-living sector, with our brand Flexiroom, is extremely effective and is a response to very high market demand. The acquisition of a 31-room building in the Luxembourg station district, and the opening of the first Flexiroom residence in Brussels, in the European district, are two of the Fund’s major events in 2021.
For the development component, 2021 is a year of investments and permits obtained. It should be noted that the NAV is mainly impacted by two projects in execution; the other projects in development have a little influence on the performance of the fund in 2021 and constitute a store of value for the years to come.
With a performance of 7.01% in 2021, the cumulative performance in 4 years is 30.71%. The overall value of assets under management is close to 30 million euros.
In the fourth quarter of 2021, we welcomed two new independent directors to the board of directors of our management company, each with 20 years of experience in the financial sector and the fund industry.
And in the future…
Without a doubt, we remain convinced that a balanced risk between rental and projects intended for sale offers an optimal risk/return ratio in real estate and we remain faithful to this mixed strategy.
Flexiroom must continue its geographic diversification and will aim to increase its presence in Brussels.
As for DEVLOP, whose turnover from projects in development is estimated at 73 million euros, we continue to focus on medium-sized urban centers and are beginning to analyze files between Namur and Brussels. We are aware of the ecological and environmental issues of our construction projects and are committed to measuring the improvement and therefore the reduction of our carbon impact. In this context, we are proud to announce our first Eco-Quartier project in the municipality of Profondeville, on which we will communicate more fully in 2022.
In this dynamic of strong growth, we nevertheless remain vigilant and very selective in our investments, in a global economic context of inflation and rising interest rates.
I sincerely thank our shareholders for their confidence and wish us all a very good real estate year.
Jean-Marc Dame
Manager
Jean-Marc has more than 20 years’ experience in the financial sector in Luxembourg, in particular the investment fund sector.
As well as his consultancy work in this area, in 2008 he founded Trimmo, a Belgian company that develops residential renovation projects and manages a diverse rental portfolio – local retail, residential and semi-industrial. Convinced of the need to adapt the offer to rapidly changing living and working contexts, he also co-founded Silversquare, a pioneer in co-working (bought by Befimmo in 2018).
He founded REAM in 2017 with the aim of putting his knowledge of the Luxembourg financial market and his passion for real estate to use in the investment sector.
After 10 years in an advisory role in the banking sector, in consultancy and management positions, Mandela Verdeau launched the REAM fund with Jean-Marc Dame.
Mandela is in charge of the management and development of Flexiroom coliving portfolio.
She is a graduate of the EDHEC Business School, and has a MSc in Strategy and a Masters in Management.
Jean-Pol Clart, an independent entrepreneur at heart, took part in the development of several companies, mainly in the service, construction and real estate sectors.
Founder of the DEVLOP brand, he is passionate about real estate and the challenge of anticipating and adapting products to the rapidly evolving society.
Tony Buche began his career in 1992 in various Fintech company and he spent 10 years at Clearstream as Strategic Project Manager and 10 years at SocGen Luxembourg where he headed the investment funds custody services. Since 2015, Tony has taken multiple Independent Directorship mandate in regulated and non-regulated funds, such as Real Estate, Private Equity and Hedge funds. Tony is also providing advisory services for funds and Management Company across Europe.
Jérôme Gendarme began his career in 1994 at JP Morgan London in investment fund services and spent 12 years at the Bank of New York in Brussels as a Vice President managing various banking operations and projects. He then moved to Luxembourg to join KBL European Private Bankers as head of the custody and depository bank division. He also led a major IT transformation project for private banking and asset management in Paris, Brussels and London. In particular, he was involved in the business development of private banking services.
Currently, Jérôme is in charge of custody services at CBP Quilvest Luxembourg, for alternative investment funds such as real estate funds, private equity funds and hedge funds. He brings a wealth of experience in investment banking, portfolio management and alternative investment funds.
Quentin Vercauteren started his career in 2007 at Deloitte as a Business Consultant. In the same time, he founded Quanda in 2008, an investment solution for high net worth individuals. He also founded MGO Golf in 2010, a networking solution for golfers. In 2011, he entered the private banking market at KBL in Luxembourg. He became head of the wealth management department in 2015.
Currently, Quentin holds several important positions in both supervision and administration at Atalian and IKO Real Estate.
We have built an experienced, multi-disciplinary team around the Management Board. Our employees have an average of ten years’ experience in their field of expertise. Internally, we cover financial management and risk management activities, the technical management and monitoring of projects, business development for chasing new opportunities and the sale of our dossiers, and property management. We have selected our partners with the utmost care and they share our vision and values. At REAM, we value creativity, enthusiasm and a love of work well done. Our projects are designed and developed in accordance with standard practices and with great attention to detail.
Vincent joined the REAM Group in 2018 as Technical Director. Within his position, he ensures that developed projects meet our quality requirements.
As a civil engineer, Vincent is in charge of DEVLOP’s promotion projects, from the development phase until delivery. He devoted his energy to coordinating our external partners to ensure that projects are successful and meet the defined standards.
With a Masters in Civil Engineering, Vincent guarantees the modernity, connectivity and innovation of our projects.
After 10 years of experience in the construction sector in various fields, be it in the restoration of listed buildings or for large real estate developers, Gilles joined the REAM group in October 2021 as technical project manager.
Holder of a Master’s degree in Industrial Engineering, Gilles is mainly involved in the execution of DEVLOP projects in order to ensure the technical and operational follow-up of the projects. Under the supervision of the technical management, Gilles is the guarantor of the quality of our projects and the follow-up provided to our future buyers and investors.
Samuel Hannay joined the REAM group in 2018 as financial and administrative director. He is in charge of financing various projects for the entire group, internal control as well as all administrative and tax aspects.
Samuel acquired his first professional experience in Belgium in the field of engineering and the development of calculation software for aerospace applications before becoming a financial auditor for a large American group in Luxembourg.
Samuel holds a master’s degree in management science and a master’s degree in audit, control and review from the University of Liège. He is also a civil engineer in electromechanics from the University of Liège.
After 3 years of experience in a fiduciary and 2 years in a large company as an accountant, Amélie joined the REAM group in 2020
After training as an architect at La Cambre Horta and an additional Master’s degree in corporate real estate at Solvay Business School of Management, Christophe quickly turned to real estate development. In particular, he perfected his skills in this field by working in large consulting, development and real estate investment groups.
As Business Development Manager, Christophe participates in the development of projects and the identification of new investment opportunities within the Ream group, for Devlop and Flexiroom.
Responding to current challenges and offering a quality architectural environment to our clients are its main concerns.
After ten years in the field of luxury retail as a manager, Amandine Vargiu joined the REAM group in October 2021 as Manager on the FLEXIROOM portfolio. She is mainly in charge of rental management, the animation of the community of “flexiroomers” as well as the communication strategy.
After a Master’s degree in Banking and Financial Engineering from ESSCA, Caroline started her career as an M&A analyst in a large international consulting firm with a specialization in origination. She then moved on to the real estate sector and more specifically to the financing of professional projects as an account manager and financial analyst.
She now joins the REAM team with the role of managing the investor pole. Her objective is to develop the financial capacities of the fund by seeking new partnerships. This strategy is aimed at the growth of the real estate projects of the Devlop, Flexiroom and Invest brands.
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Jean-Marc Dame
Manager
[email protected]
+352 691 110 222
Mandela Gaye Verdeau
Co-Manager
[email protected]
+352 691 164 111