Ghelamco has sold the 30,164sqm PwC campus office building in Belgium to an unnamed investor for €131.7m.
The European real estate firm said it has sold the fully-let asset located close to Brussels Airport to an “international financial institution”. The asset is let tp PwC Belgium and co-working space provider MeetDistrict.
Michael Gheysens, managing director, Ghelamco Belgium, said: “The new headquarters of PWC is a model of the future working environment where employees and visitors are central. Ghelamco is strongly committed to this airport environment and already has subsequent initiatives in the pipeline.”
Ghelamco was advised by Cushman & Wakefield. The buyer was advised by Lanesbrook.
Hassan Farran, the head of Middle East capital markets in Cushman & Wakefield’s EMEA capital markets team, said: “This is an exemplary office building let to a quality tenant in one of Europe’s most strategically important cities, marking it out as extremely attractive to international capital which continues to have a significant appetite for long income assets across Europe.”
Andy Lemmens, from Cushman & Wakefield’s Capital Markets Office team in Belgium, said: “With vacancy rates for the grade A office space in Brussels currently close to zero, the quality of this exceptional Ghelamco development represented a unique opportunity to invest into a thriving area and has delivered an excellent outcome.”
Naseer Aka, managing partner at Lanesbrook, said: “This is the first acquisition that we have advised on under the Lanesbrook banner. I am pleased to have advised our client on their acquisition of an asset with this build quality, tenant profile and location.”
To read the digital edition of the latest IPE Real Assets magazine click here.