Cofinimmo acquired 100 % of the shares of the company owning a leasehold on the ‘Ligne 13’ office building located in the rue de Ligne/de Lignestraat, in the heart of Brussels (in the so called Brussels pentagon, within the CBD). The conventional value for the calculation of the share price amounts to less than 16 million EUR.
Jean-Pierre Hanin, Chief Executive Officer of Cofinimmo: “After a number of strategic transactions in the office segment in recent months, Cofinimmo continues on the same path, as demonstrated by this well-located office building. We go ahead with our strategy in the office segment: invest in high-quality buildings in the Brussels Central Business District and make selective disposals in the decentralised area.”
The building is located in the rue de Ligne/de Lignestraat, right in the beating heart of Brussels. It was fully renovated with superior materials in 2007. The high-quality building offers an office area of approximately 3,700 m², spread over seven floors and is occupied for approximately 90 % by different tenants.
The property is in the immediate vicinity of the Central Station, which concentrates all means of public transport, and therefore benefits from excellent accessibility. The building combines contemporary comfort with design, in the middle of a historic setting, with the cathedral of Sint-Michiel and Sint-Goedele in the background.
Cofinimmo acquired 100 % of the shares of the company owning a leasehold with a remaining term of 84 years on the office building. The conventional value for the calculation of the share price amounts to less than 16 million EUR. The gross rental yield stands at approximately 4,5 % today and could reach nearly 5 % in case of full occupancy.
Source : Company