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Antwerpen Real EstateIf you need some advice about investing in real estate in Belgium and/or Antwerp, my friend Walter Wuyts is the guy to speak to.
JVG 1756 Antwerpen Real Estate, JVG 1756 Contact: Tel: 03.225.56.73 See one of the projects JVG realized at canterbeke.be
Cofinimmo buys Media Corner shares and sells
Seven buildings in Antwerp for 71.5 million euro One of the biggest Belgian Real estate group Cofinimmo SA acquired the shares of RTL Group unit Media Corner SA, and announced that they sold seven buildings in Antwerp for 71.5 million euro. Cofinimmo is the foremost listed Belgian real estate company (Euronext, BEL 20) and one of the largest office property portfolios on the European market. They bought Media Corner who owns the RTL House in Schaerbeek, Brussels and two development projects in Groot-Bijgaarden, Brussels and Singel, Antwerp, which in total represent an investment value of 137 mln eur, with an average initial rental yield of about 6.3 pct. The group also said it sold seven buildings in Singel, Antwerp to Tribeca Capital partners for 71.5 mln eur, representing a gain of 17.8 mln eur or 1.80 eur per ordinary share. Cofinimmo will keep revenues from renting these buildings until October 2007 commercial
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