Equity Estate succesfully divests six buildings in Belgium

11-4, 2016

As part of the incorporation of the maturing joint venture AB CPFM Europroperty Fund Group, Equity Estate divested five office buildings and one industrial building to four different local investors. With these four transactions the restructuring of the AB CPFM Europroperty Fund Group was succesfully concluded.

In early 2015 Equity Estate divested an office building, of approx. 2,450 sqm, located on the Rue de la Science in Brussels. The building was sold to a local private investor, in a company transaction.

In Q3 2015 Equity Estate divested an industrial building, of approx. 5,200 sqm, in Hoge Wei in Zaventem, to Custodia Real Estate, in an asset transaction.

Also in Q3 2015 Equity Estate divested two office buildings, of approx. 5,500 sqm, in Rue Belliard in Brussels to Liegeois Group, in a company transaction.

Finally in Q1 2016 Equity Estate sold two office buildings, totalling approx. 6,250 sqm, in the Rue Royale in Brussels and Dreve Richelle in Waterloo were divested to Codabel, also in a company transaction.

On the four different transactions Equity Estate worked together with Baker McKenzie, JLL and Cushman Wakefield.