Belgian real estate company Befimmo has agreed to sell its non-strategic portfolio of semi-industrial assets to American firm AIG Global Real Estate Investment and London-based property investor Rockspring for EUR 72 mln. The seven-building portfolio comprises 45,000 m[sup]2[/sup] of semi-industrial space and 15,000 m[sup]2[/sup] of office space in Zaventem, Belgium.
Belgian real estate company Befimmo has agreed to sell its non-strategic portfolio of semi-industrial assets to American firm AIG Global Real Estate Investment and London-based property investor Rockspring for EUR 72 mln. The seven-building portfolio comprises 45,000 m2 of semi-industrial space and 15,000 m2 of office space in Zaventem, Belgium.
The transaction reduces the company's weighting of properties in the Brussels suburbs and marks its exit from the semi-industrial segment. Befimmo said in a statement that the deal was in line with its strategy to concentrate solely on investment in city-centre office buildings.
Once the transaction is completed by July, Befimmo's portfolio will consist of 814,000 m2 of offices properties, valued at EUR 1.75 bn.
