PropertyEU

Cofinimmo buys EUR 25 mln plot in Antwerp port

By A staff reporter 2007-05-24T00:00:00

Belgian property company Cofinimmo has acquired a development site in the port of Antwerp for around EUR 25 mln. The site will be used for the development of a 10,000 m[sup]2[/sup] office building and 200 parking spaces. The company expects the intitial rental yield to be between 6.1% and 7.1%.

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