AB CPFM Europroperty Fund acquires real estate in Brussels (BE)

AB CPFM Europroperty Fund, a joint venture of Arab Bank in London and Catella Property Fund Management in Amsterdam, has recently taken over a real estate portfolio for € 25m. The portfolio consists of five buildings in Brussels and its surroundings and has a total of 17,500 m² of office and business space.

The buildings are rue Belliard 4-6, rue Belliard 15-17 and rue de la Science 4 in Burssels, as well as Hoge Wei 4 in Zaventem and Drève Richelle 159 Waterloo. Earlier this tear the fund also acquired a newly developed office building in Wiesbaden (Germany) and a logistics center in the Dutch Oosterhout through a sale-and-lease-back construction with Whirlpool.

The value of AB CPFM Europroperty Fund’s real estate portfolio has now risen to € 83m. The intentions are to further raise the investments in short term to a level of € 125m. AB CPFM Europroperty Fund is a pan European property fund that aims at offices and logistical centers. Catella Property Fund Management is the asset manager of the fund.

Source: Vastgoedmarkt

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