Qrf Comm. VA (ENXTBR:QRF) entered into an agreement to acquire 9 commercial premises in Antwerp and Ostend from Horizon Retail Investeringen WP BVBA and Horizon Retail Investeringen DMB NV for €19.4 million on December 12, 2018. Under the terms of the transaction, Qrf will issue approximately 1.5 million shares to Horizon Retail Investeringen WP BVBA and Horizon Retail Investeringen DMB NV. The two contributing companies (Horizon Retail Investeringen WP BVBA and Horizon Retail Investeringen DMB NV) are controlled by the Vanmoerkerke family. Following acquisition, Vanmoerkerke family will have a 28.3% stake in Qrf. The transaction is subject to customary closing conditions, including due diligence carried out on the properties, approval of the FSMA and approval from Qrf shareholders.