Annual Report 2018
Annual Report 2018

Executive committee

Alexander HODAC *

Chief Executive Officer,
Chairman of the Executive Committee,
Chairman of the Investment Committee,
Director of Nafilyan & Partners SAS.

Alexander HODAC, 38, after having obtained a degree in business engineering (Solvay/VUB), he started his professional career at Deloitte Corporate Finance-Real Estate (2005-2013) and served as Chief Commercial Officer of the Belgian residential REIT Home Invest Belgium from 2013 till 2015. In this last function, he was responsible for the entire acquisition and disposal process of existing assets/ portfolios and development projects.

* Permanent representative of the company AHO Consulting sprl.

Marnix GALLE *

Executive Chairman of the Board of Directors,
Chairman of the Nomination Committee,
Member of the Executive Committee,
Member of the Investment Committee.

Marnix GALLE, 55, completed a “Bachelor Degree in Arts & Sciences” in Economics at Tulane University in New Orleans, Louisana, USA. He began his professional career at Cegos Belgium in 1987 as a consultant and made his first steps in real estate in 1989 (family portfolio) until 2002. He created his own company ALLFIN in 2001, which became one of Belgium’s leading real estate developers. ALLFIN Group acquired in 2014 a 29% stake in IMMOBEL, listed on Euronext Stock Exchange since 1863. ALLFIN Group and IMMOBEL merged in 2016 after which he became its Executive Chairman. During the period 2015-2018, he was Chairman of Urban Land Institute Belgium. He currently is, amongst others Director, Member and Trustee of several leading European and American associations. He is married to Michèle SIOEN; they have six children.

* Permanent representative of the company A3 Management sprl.

Karel BREDA*

Chief Financial Officer,
Member of the Executive Committee.

Karel BREDA, 43, was, before joining IMMOBEL on August 1st, 2018, Managing Director Middle East, South and Central Asia and Turkey for Engie Solar based in Dubai and India. After studying Applied Economics at KU Leuven and obtaining an MBA from the University of Chicago, Booth School of Business, he began his professional career in 1999 driving a few internet start-ups in Europe. In 2002, he joined GDF Suez (now Engie) where he held various leadership positions in M&A and Project Finance in Europe, Middle East and Africa. In 2011, he was promoted to become Chief Financial Officer for the South Asia, Middle East and Africa region based in Dubai and in 2014 for Engie E&P in The Netherlands.

* Mandate executed by the company KB Financial Services BVBA, represented by Mr Karel BREDA.


Chief Development Officer,
Member of the Executive Committee.

Adel YAHIA, 40, joined IMMOBEL in December 2017 in order to oversee the Development, Technical, Sales and Landbanking departments. He worked for AG Real Estate since 2015 as Head of the Residential department and was also Co-Head of Development. Between 2010 and 2015 he worked for Matexi as Head of different business units. He began his career in 2004 as a real estate developer and also worked in real estate investment banking. He completed his law degree at KU Leuven and his Master degree in General Management (PUB) at Vlerick Management School. He obtained a Master in Real Estate (Postgraduaat Vastgoedkunde) at the KU Leuven in 2006 and graduated in 2014 from the Executive Program in Real Estate at the Solvay Business School (ULB). He lectures at the KU Leuven since 2010 and at the Solvay Business School since 2015.

* Mandate executed by the company Adel Yahia Consult BVBA, represented by Mr Adel YAHIA.