Sale Immo SPA - Oxygen Office Building
Alides REIM Ltd announces the sale of the shares of Immo Spa Ltd, owner of the Oxygen Office Building.
Buyers are CS European Commercial No.1 SARL and ECF Brussels Office Leasehold SPRL, both managed by the international fund manager Savills Investment Management. On the basis of the realised return this transaction is valued as a Core Investment. CBRE was the broker for the buyers.
Oxygen Office Building, a design of Coninx RDBM Architects was delivered end 2016 and is 100 % leased to top tenants thanks to its strategic situation in the Brussels European District. The building was assigned a BREEAM Excellent certificate.
After this transaction Alides will focus on new strategic acquisitions and developments on Class A locations in the Benelux.
Alides is currently developing the brand-new state-of-the-art office building Copernicus in the rue de la Loi, a tower of 55 m and 14 stories high, accounting for about 15,000 m² of office space. The completion is foreseen for the end of 2020.