Cofinimmo signed an unconditional private agreement regarding the sale of the Souverain/Vorst 23-25 office buildings, located at Avenue Souverain/Vorstlaan 23-25, in Brussels, in the decentralised area of Brussels, for 50 million EUR.
This amount is higher than the last fair value (as at 31.03.2019) determined by the independent real estate valuer of Cofinimmo. The notary deed will be signed in the coming months, after certain administrative formalities have been fulfilled.
The Souverain/Vorst 25 building (known as the former AXA building) and the nearby Souverain/Vorst 23 office building, have more than 57,000 m² of office space and have been vacant since the departure of AXA in August 2017.
The neighbouring site (“Tenreuken”) is not part of the transaction.
Jean-Pierre Hanin, Chief Executive Officer of Cofinimmo: “This sale is a milestone in the development of our strategy in the office sector. This consists in improving the overall balance of the office portfolio by reducing the part invested in the decentralised area to the benefit of assets located in the Central Business District of Brussels.”
Source : Company