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COFINIMMO to concentrate on CBD





COFINIMMO has announced a number of changes within its office portfolio. Firstly, the real estate company has signed agreements for a 99-year long-lease relating to the Serenitas and Moulin à Papier office buildings, located within the Brussels decentralised zone, to BPI Real Estate Belgium, at the latest on 30.06.2020. Acquired at the beginning of the 2000’s, the Serenitas and Moulin à Papier buildings extend to almost 23,000 m². BPI Real Estate Belgium SA is part of industrial group CFE.

COFINIMMO has also reached a private agreement for the sale of the Souverain 24 building, located in the Brussels decentralised zone. The Souverain 24 building, constructed in 1997 and renovated in 2016, is currently unoccupied. The signing of the authenticated deed should take place at the latest at the end of March 2019.

On the acquisition side, COFINIMMO has acquired 100 % of the shares of the company that holds the Arts 27 office building located on Avenue des Arts within the EU District (Brussels CBD). The building, which was completely renovated in 2009, offers a surface area of around 3,500 m² of office space and close to 300 m² of retail space on the ground floor. The Arts 27 building is 100 % occupied by several tenants and holds a BREEAM ‘Very Good’ certification.

Jean-Pierre Hanin (photo), Chief Executive Officer of COFINIMMO: “The signing of agreements for the Serenitas and Moulin à Papier buildings as well as the signing of a sales agreement for the Souverain 24 building, combined with the acquisition of the Arts/Kunst 27 building, is an illustration of COFINIMMO’s strategy in the office sector. This strategy aims to improve the overall balance of our office portfolio by reducing the portion of the portfolio invested in the decentralised zone in favour of property located within the Brussels Central Business District.”
Tim Harrup
07-01-2019


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