A major sale has just been announced in the airport district.
Union Investment (via its open-ended real estate fund Unilmmo: Europa) has sold an office portfolio comprising five individual properties located on Da Vincilaan in the Corporate Village business park. This is the large business park just at the exit from the Ring when turning towards the airport.
The total rental space amounts to around 64,000m² and the buildings vary in height from six to nine storeys. Designed by US architects Kohn Pedersen Fox, they hold LEED Gold certification. The buyer is Australian fund manager RF Capital, which is actively investing into Europe in all asset classes. RF Capital acquired Corporate Village on behalf of one of its funds.
Union Investment was advised on the transaction by Cushman & Wakefield and on legal aspects of the deal by Clifford Chance.
UniImmo: Europa acquired the five properties between 2002 and 2008 and has held them ever since.
Union Investment is still present in Brussels, however, with six commercial properties with a total value of some EUR 230 million. These comprise four office properties, a Radisson Blu Royal hotel and a Motel One.