Top listed retail landlords Unibail-Rodamco, Klépierre and Eurocommercial are believed to be frontrunners in the race to acquire a €400 mln shopping centre in Brussels, EuroProperty reports.
According to well-informed sources, second round bids are due in mid-September for Belgium’s largest shopping centre. It is understood that the asking price is around €400 mln which would reflect a yield in the low 4% range.
The property arm of Belgian insurer AG appointed brokers JLL and CBRE to sell the 45,000 m2 shopping centre earlier this year.
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The story appears in the latest edition of EuroProperty, part of the PropertyEU Group.
