AG Real Estate has invested an undisclosed amount in a 7-building complex in Belgium.
The manager said it has bought the Post X urban campus assets in Berchem, Antwerp via the acquisition of 9 companies which own the building in Berchem, Antwerp. Post X was recently built by IRET Development.
The asset includes 61,000sqm of office space, 4,200sqm of local shops, a sports hall and a 142-room hotel.
Amaury de Crombrugghe, CIO of AG Real Estate, said: “We had to seize the opportunity to acquire such a large volume with quality return on investment, more than 97% of which is occupied by renowned clients such as Proximus, KPMG, SPaces, EY.”
Tatiana Posa, senior transaction manager office and warehouse at AG Real Estate, said: “The investment policy at AG Real Estate has evolved. We want to reassess our portfolio and acquire properties that meet environmental requirements.
“Mobility is at the heart of our concerns and we need to change our acquisition processes so as to find constructive and adapted solutions for our future occupants. Investing in such hyper-localized property turns us into an eco-responsible player that is resolutely attentive to the new uses of our customer-occupants.”
The Post X campus benefits from access to both the motorway network and public transport. The site is located on the Antwerp ring road at the E19 interchange, at the Berchem-Antwerp railway station.