Belgian listed property company Cofinimmo has agreed to buy a Brussels office building known as Omega Court. Cofinnimo said an exact investment price for the acquisition had not yet been set and would depend on the rental situation in the building at the end of July 2008. It noted the investment value on which the acquisition price would be based was expected to be about EUR 45mln.
Belgian listed property company Cofinimmo has agreed to buy a Brussels office building known as Omega Court. Cofinnimo said an exact investment price for the acquisition had not yet been set and would depend on the rental situation in the building at the end of July 2008. It noted the investment value on which the acquisition price would be based was expected to be about EUR 45mln.
Cofinimmo will take over Omega Court by acquiring 100% of the shares of Omega 8-10 SA from current shareholders Compagnie Immobiliare de Belgique and Deximmo. The building comprises 18,000 m2 of lettable space and 187 parking places. While Omega Court is currently vacant, Cofinimmo said it is actively being marketed. The company said the exact acquisition price and the initial gross rental yield would be communicated as soon as they are definitely set.
Meanwhile, Cofinimmo said it has also closed the previously announced EUR 229million acquisition of French company Medimur, the owner of clinics and nursing homes in Frances. Despite turbulence on financial markets, Cofinimmo stressed the acquisition was financed at favourable conditions. Following the deal, Medimur's name has been changed to Cofinimmo France.
