Belgium's Banimmo has announced that it has transferred all the rights of the Atlantic House building and its parking located at Noorderlaan 147 in Antwerp to Atlantic Certificates. Atlantic Certificates has financed the acquisition through the private issue of real estate certificates placed by Bank Degroof with institutional and private investors.
Belgium's Banimmo has announced that it has transferred all the rights of the Atlantic House building and its parking located at Noorderlaan 147 in Antwerp to Atlantic Certificates. Atlantic Certificates has financed the acquisition through the private issue of real estate certificates placed by Bank Degroof with institutional and private investors.
No financial details were disclosed. The building is valued at EUR 30.81 mln.
Banimmo has granted warranties to ensure the rental revenues and has also subscribed to 15% of the issued real estate certificates. Banimmo will take care of the asset and property management of the building.
The Atlantic House building comprises 29,375 m2 and includes 620 parking spaces. The tower block currently has an occupancy rate of 91%. The majority of its 24 tenants carry out activities related to the port of Antwerp.
