Bois Sauvage lifts Eaglestone stake to 47.1% with €23M injection

What's the deal? Compagnie du Bois SauvageDealroom has a profile for this one. Try Dealroom → is increasing its stake in EaglestoneDealroom has a profile for this one. Try Dealroom →, a property developer active in Belgium, France, and Luxembourg. Announced September 30, 2026, the deal converts €8.1 million of shareholder loans into equity and adds €15 million in new shares, lifting the Belgian holding company's stake from 30% to 47.1%.

What each side does: Compagnie du Bois Sauvage is a Brussels-listed investment holding company. Eaglestone develops property across three markets, with a portfolio now weighted toward residential and student accommodation.

Why now? The move comes as the real estate market faces tough conditions. Bois Sauvage cited Eaglestone's business model transformation, debt reduction, and portfolio refocusing as key factors behind the larger commitment.

What's the endgame? The investment fits Bois Sauvage's 2026 priorities, centred on self-financed development in real estate. The funding will come from returns on its real estate activities by 2027.

Chief executive officer Benoît Deckers said the deal reflects confidence in Eaglestone's management and strategy, and the importance of supporting "sustainable value creation."

The signal: Deepening a stake in a repositioned developer during a soft market is a bet that residential and student housing will hold up better than the broader sector. It signals conviction that a leaner, debt-reduced Eaglestone can grow through the downturn.

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