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Befimmo eyes acquisition - Arts 56 building in Brussels - Embargo 07.12.2017 5.40 PM

By GlobeNewswire,  December 07, 2017, 11:42:00 AM EDT

This 7th of December 2017, AXA Belgium and Befimmo have entered into agreements, subject to conditions, on the acquisition by Befimmo of a right in rem to a 99-year leasehold on the Arts 56 building, for an amount of the order of €116 million, in line with the fair value determined by an independent real-estate expert. The deed of sale of the leasehold could be signed during the first quarter of the 2018 fiscal year.

The Arts 56 building is a perfect fit for Befimmo's strategy, with high visibility on the Brussels inner ring road; it offers a range of services and facilities (such as shared meeting rooms, a restaurant, showers, etc.) that meet the current and future needs of office occupants. The building is located in the European district of Brussels, near the Square de Meeûs, the Place du Luxembourg, and is also very well served by public transport.

Please click on the following link to consult the full press release:

Befimmo SA - Arts 56 - EMBARGO - 7 12 2017 - EN - 5.40 PM

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Befimmo SA via Globenewswire

This article appears in: News Headlines

Referenced Stocks: BEFB

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