01 June 2017
BNP PRE ADVISED THE SALE OF THE HOLDING COMPANY CONTROLLING THE PLAINE 11
BNP PARIBAS REAL ESTATE ADVISING ON THE SALE OF LOTHIAN DEVELOPMENTS III SA, A COMPANY HOLDING THE OFFICE BUILDING “PLAINE 11”
BNP Paribas Real Estate advised Standard Life Investments on the sale of Lothian Developments III SA, the holding company controlling the office building located on Boulevard de la Plaine 11 to Fidentia BeLux Investments.
The property is located along Boulevard de la Plaine just in front of the campus of the main university of Brussels (ULB/VUB). The area is a mixed use zone composed of residential, retail, university, student housing, the new CHIREC hospital and the largest office cluster of the Brussels decentralised market.
This area is very close to one of the main roads of Brussels providing an easy access to the Brussels city centre, the Brussels ring road and the Belgian motorway network.
The property is composed of 6 floors above ground and 3 underground levels. It comprises a total of 9.149 sq m of office space, 703 sq m of storage and 172 underground parking units. This stand-alone building has prominent visibility and hosts renowned tenants such as AIG - one of the world’s leading insurance organization – Sodexo and Softkinetic International.
The buyer, Fidentia BeLux Investments, is a company investing through subsidiaries in added value sustainable office real estate in Belgium and Luxembourg. It is managed by Fidentia Real Estate Investments.
BNP Paribas Real Estate and CBRE acted as joint sell-side advisors to Standard Life Investments.