Cofinimmo divests two office buildings in Mechelen, Belgium
Cofinimmo divests two office buildings in Mechelen, Belgium
  Deals  |  Investments  |  Europe  |  Office

Cofinimmo divests two office buildings in Mechelen, Belgium

Built in 2002, the buildings offer approximately 14,000 sqm of office space and 273 parking spaces.
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RE+D magazine
04.01.2024

Cofinimmo Offices SA/NV, a wholly-owned subsidiary of Cofinimmo (Euronext Brussels: COFB), signed the notarial deed relating to the granting of a 99-year leasehold right on the office buildings located Stationsstraat 100, 102-108 and 120 in Mechelen (province of Antwerp), the sixth largest city in Flanders with almost 90,000 inhabitants.

Built in 2002, the buildings offer approximately 14,000 sqm of office space and 273 parking spaces. The proceeds amount to approximately 27 million EUR. 

This amount is in line with the latest fair value (as at 30.09.2023) as determined by Cofinimmo Offices’ independent real estate valuer, prior to the signature of the notarial deed. The building located Stationsstraat 110, offering approximately 15,000 sqm of office space and which is currently undergoing a complete renovation by Cofinimmo Offices, is not included in this transaction.

 The cumulative amount of divestments already carried out since 01.01.2023 and those signed and expected to be closed by the end of the financial year now amounts to approximately 300 million EUR. 

Jean-Pierre Hanin, CEO of Cofinimmo: “With this transaction, we pursue our strategy and the overall rebalancing of our portfolio, and demonstrate our ability to perform asset arbitrages.”