Ghelamco has sold the 30,164sqm campus office building in Belgium to an unnamed investor for 鈧�131.7m.
The European real estate firm said it has sold the fully-let asset located close to Brussels Airport to an 鈥渋nternational financial institution鈥�. The asset is let tp PwC Belgium and co-working space provider MeetDistrict.
Michael Gheysens, managing director, Ghelamco Belgium, said: 鈥淭he new headquarters of PWC is a model of the future working environment where employees and visitors are central. Ghelamco is strongly committed to this airport environment and already has subsequent initiatives in the pipeline.鈥�
Ghelamco was advised by Cushman & Wakefield. The buyer was advised by Lanesbrook.
Hassan Farran, the head of Middle East capital markets in Cushman & Wakefield鈥檚 EMEA capital markets team, said: 鈥淭his is an exemplary office building let to a quality tenant in one of Europe鈥檚 most strategically important cities, marking it out as extremely attractive to international capital which continues to have a significant appetite for long income assets across Europe.鈥�
Andy Lemmens, from Cushman & Wakefield鈥檚 Capital Markets Office team in Belgium, said: 鈥淲ith vacancy rates for the grade A office space in Brussels currently close to zero, the quality of this exceptional Ghelamco development represented a unique opportunity to invest into a thriving area and has delivered an excellent outcome.鈥�
Naseer Aka, managing partner at Lanesbrook, said: 鈥淭his is the first acquisition that we have advised on under the Lanesbrook banner. I am pleased to have advised our client on their acquisition of an asset with this build quality, tenant profile and location.鈥�
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