Dutch office property investor VastNed Offices/Industrial has acquired the Mechelen Tower and building F properties in the business park Mechelen Campus in Belgium for EUR 27.9 mln from developer Macquarie Goodman. The buildings, which are to be delivered in June 2007, have a combined floor space of 15.400 m2, with Mechelen Tower accounting for the majority of the space (12,800 m2).
Dutch office property investor VastNed Offices/Industrial has acquired the Mechelen Tower and building F properties in the business park Mechelen Campus in Belgium for EUR 27.9 mln from developer Macquarie Goodman. The buildings, which are to be delivered in June 2007, have a combined floor space of 15.400 m2, with Mechelen Tower accounting for the majority of the space (12,800 m2).
VastNed said 80% of the properties are leased for an average EUR 120 per m2. Plastics producer Borealis is leasing Mechelen Towers and Building F is fully leased to pharmaceutical company Tibotec, a subsidiary of Johnson & Johnson. The average net yield for the two properties is 7.5%.