Belgian property company Banimmo Real Estate is taking over peer Bouwen en Wonen from Belgian company Artexis for an undisclosed amount. Bouwen en Wonen owns the 22,500 m[sup]2[/sup] Expo building, Antwerp's exposition centre. The property is currently let with a long-term lease contract to Mexico, a subsidiary of Artexis specialised on the management of exposition centres.
Belgian property company Banimmo Real Estate is taking over peer Bouwen en Wonen from Belgian company Artexis for an undisclosed amount. Bouwen en Wonen owns the 22,500 m2 Expo building, Antwerp's exposition centre. The property is currently let with a long-term lease contract to Mexico, a subsidiary of Artexis specialised on the management of exposition centres.
The acquisition is in line with Banimmo's strategy to purchase properties with a strong redevelopment potential. The site offers several possibilities for redevelopment that will be discussed with the tenant, Banimmo said in a press release.
Artexis organises conferences, expositions and events in more than 13 countries across Europe. It previously bought the asset from the insurance company Mercator.
