From ghost hotel to golf land: why Paul Gheysens is selling real estate again as a new deadline looms

From debt repayment to debt repayment: Paul Gheysens (72) and his real estate group Ghelamco continue to balance on a thin line. According to ‘De Tijd’, a substantial sum must once again be repaid to insurer Ethias at the end of May. This may explain why Gheysens sold his golf properties in Knokke in recent weeks. And even if that deal would yield around 100 million, that still does not eliminate Ghelamco’s concerns after three years.

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