Belgian air traffic control agency Belgocontrol has sold a 35% stake in the Centre de Communication Nord complex on Rue du Progrès in central Brussels to AXA Belgium for EUR 50mln. Prior to the deal, Belcontrol owned 19,900 m[sup]2[/sup] of office space, 1,386 m[sup]2[/sup] of archive on five floors of the property.

Belgian air traffic control agency Belgocontrol has sold a 35% stake in the Centre de Communication Nord complex on Rue du Progrès in central Brussels to AXA Belgium for EUR 50mln. Prior to the deal, Belcontrol owned 19,900 m2 of office space, 1,386 m2 of archive on five floors of the property.

Half of the space is leased to Region de Bruxelles-Capital and the remaining area to the Belgian property development agency Regie des Batiments on leases running to 2014. Region de Bruxelles-Capital is also the majority owner (60%) and occupier of the complex. The rest is owned by the Post Office and the SNCB railway company. The complex was built in 1975 and extended in 1992.

Belgocontrol hired Cushman & Wakefield to sell the property in a public bidding contest.