Promiris specialises in sustainable property development. Our long-term objective is to promote value creation for our various stakeholders. We do so by acquiring real estate:
- On triple A locations
- which we transform or redevelop with a strong architectural identity.
Our development model relies on a solid basis, a flexible financing method, an optimal ratio of loan capital to equity, and a responsible capital utilisation per project.
Our investment areas include all kinds of residential concepts such as co-housing, co-living, student accommodation, residential homes, nursing homes, hotels, offices and mixed use projects in urban contexts, close to the main acces roads and public transportation nodes.
Promiris is currently active on the Belgian, Luxembourg and Portuguese market.
Promiris can count on a group active in private equity and real estate.
Promiris invests in real estate through an investment division in the hospitality industry in Europe (more than 500 rooms) and Canada (more than 2000 rooms).
The Promiris shareholders furthermore manage a real estate portfolio of about 55,000 sqm of offices, retail and logistics worth approximately 100 million euros.
With Promiris SA, a real estate development business is added to the portfolio. This new pillar focuses on medium-sized transactions with an investment value of 10 to 25 million euros. The transactions are characterised by a significant rotational speed, which leads to constant value creation. The underlying objective is to invest 300 to 400 million euros over the next ten years.
Permanent and informal exchange between the partners and shareholders of Promiris guarantees perfect reactivity.
To achieve its profitability objective through large-scale transactions, Promiris is open to associations with professionals who are equally passionate about sustainable property development and share the same values.
Born in 1956, Cyril Wolkonsky worked for BNP Paribas in France for thirty years, gaining vast experience in the banking industry; He first served in the Corporate department, then as head of the Syndication department and finally at the General Inspection department. He left the financing and investment bank in 2011 to become the president of Iris International SA, an investment company which invests the family patrimony in private equity and direct participations. One component is dedicated to standing real estate and hospitality assets, while another component focuses on real estate development via Promiris SA since early 2017.
About the Management
Promiris, which was founded in 2017, is today managed by 2 partners who provide operational management of all development activities .
Each of them has a solid experience in the real estate sector and knows well the culture, habits and cycles of the professional real estate market. They identify investment opportunities and translate them into concrete projects, which are then implemented with the aim of creating added value.
The Partners can count on both internal collaborators and an efficient third party team composed of architects, engineers, contractors and local salesmen, whose mission is to structure, design, realize and commercialize the different projects. Promiris is developing projects in Portugal, Belgium and since 2020 also in Spain.
Cedric De Laet
phone: 00 32 (0)2 486 23 91
Born in 1977, Cedric De Laet holds a licentiate degree in commercial engineering (UCL) and a CEMS Master Degree. He also completed the Executive Programme in Real Estate Management at Solvay Brussels School.
He acquired a range of experiences in the consulting industry with Arthur Andersen (2001-2002) and in the banking industry with Belfius Bank in its Corporate Finance department (2003-2007).
In 2007 he joined Banimmo, where he became Chief Financial Officer in December 2013. He left this position in early 2017 to found the company Promiris together with Christian Terlinden.
phone: 00 32 (0)2 486 23 92
Born in 1959, Christian Terlinden holds a Master’s degree in Law (UCL) and in Applied Economics (UCL). He also obtained an MBA at Cornell University (USA). He acquired professional experience in the banking industry, first at Citibank in Brussels (from 1984 to 1988) and after that at Cobepa, an investment bank where he was responsible for monitoring certain participations and the property portfolio (from 1989 to 1995). He was Chief Financial Officer at Sapec from 1995 to 2005 and remained a director of this company until June 2006.
He joined Banimmo in June 2005 as Chief Financial Officer, director and member of the management committee. He served as Chief Executive Officer of Banimmo from 2013 to 2015. Over the past ten years he was also the director of Sait Radio Holland, Zetes Industries, Air Energy and Montea.
At the beginning of 2017, he founded the company Promiris together with Cedric De Laet.
We work with the best design and engineering teams to create living and working spaces which are appealing, multipurpose, modern and user-friendly. Harmonious integration into the environment is an absolute must. We are convinced that architectural quality contributes to the commercial appeal of a project.
Our lifestyle and the way we work, consume and shop are changing quickly and dramatically. The Promiris projects want to anticipate the trends of a changing world.
Our projects contribute to a better environment thanks to their intrinsic high quality and the use of techniques which reduce the ecological footprint considerably without compromising on user-friendliness. All our non-residential projects meet the BREEAM standards by default. As we have a long-term perspective, we want to maintain a sustainable and ethical dialogue with our partners, service providers, suppliers, tenants and investors.
Our purchasing policy is aimed at discipline in combination with a hands-on approach. Within this scope, we closely monitor the projects, their progress and their environment together with our teams, suppliers, contractors and customers. This approach guarantees careful management of industry-related risks.
Investing in several segments of the property market in combination with a geographical distribution guarantee good risk distribution in strategical and commercial terms.
Promiris is committed to value creation:
• for the community by restoring the urban fabric
• for the tenants and investors through the quality of our products
• for the shareholders