| The Abu Dhabi sovereign wealth fund ADIA has bought the Zuiderpoort office in Ghent from Icelandic bank SJ1 in Belgium’s largest office deal this year. The purchase price was not disclosed but specialists estimate it at around €110m for a 10% initial yield.
The 10-storey property with 63,000 sq.m. GLA is fully-let to 16 tenants, said realtors DTZ and Savills which advised SJ1 on the transaction. Tenants include the federal agency for public real estate matters in Belgium (Regie der Gebouwen), Flemish government tenant IBBT, ING bank and Ghent University..............................................Full Article: Source
|