Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}
PwC Campus in Brussels PwC Campus in Brussels

News

PwC Campus in Brussels sold to International Investor for €131.7m

Ghelamco Group, advised by Cushman & Wakefield, has sold the PwC campus close to Brussels Airport in Belgium to an international financial institution for €131.7m. The buyer, continuing its global expansion, appointed Lanesbrook as their advisor to support the acquisition.

The Assar Architects designed office building, arranged over 11 floors with a total office floorspace of 30,164 square metres (sq m) as well as nine roof terraces totalling a further 3,741 sq m, is fully let to professional services firm PwC Belgium and MeetDistrict, the boutique co-working provider. PwC Belgium has pre-let more than 75% of the BREEAM Excellent-rated building on a 15-year lease into a high-quality, new development with flexibility and occupier wellbeing at its heart. 

Located to the North-East of the Brussels-Capital Region in the Airport business district which is home to an increasing number of multinational corporates, the PwC campus benefits from an excellent visibility along the ringroad and will also enjoy a strong boost in the public transportation accessibility in the coming years. It is situated in a prominent position alongside the train line between Brussels North and Brussels Airport stations, the Brussels ring road and a new tram-bus line due to open in 2023, as well as excellent access to the cycle network and parking for 760 vehicles. 

Hassan Farran, CFA, Head of Middle East Capital Markets in Cushman & Wakefield’s EMEA Capital Markets Team, said: “This is an exemplary office building let to a quality tenant in one of Europe’s most strategically important cities, marking it out as extremely attractive to international capital which continues to have a significant appetite for long income assets across Europe.”

Andy Lemmens, from Cushman & Wakefield’s Capital Markets Office team in Belgium, said: “With vacancy rates for the grade A office space in Brussels currently close to zero, the quality of this exceptional Ghelamco development represented a unique opportunity to invest into a thriving area and has delivered an excellent outcome.” 

Michael Gheysens, Managing Director Ghelamco Belgium, says: Ghelamco is delighted to have successfully completed this transaction. This landmark building, located in a particularly dynamic and multi-modal business environment, meets all contemporary requirements of sustainability and energy efficiency. A future-oriented work environment that puts the user first. The new headquarters of PWC is a model of the future working environment where employees and visitors are central. Ghelamco is strongly committed to this airport environment and already has subsequent initiatives in the pipeline.

Naseer Aka, Managing Partner at Lanesbrook, commented: “This is the first acquisition that we have advised on under the Lanesbrook banner. I am pleased to have advised our client on their acquisition of an asset with this build quality, tenant profile and location. The acquisition validates our belief that quality assets with secure income profiles will continue to attract institutional capital and will offer a hedge against the types of risks encountered in 2020, with the pandemic leading to stress on tenants failing to make timely rental payments. A brand new headquarter building for a global brand is just the type of asset that we typically look to invest in, and this asset ticked all the right boxes for us, our client and our lenders.”

Meet the team

Michael Despiegelaere
Michael Despiegelaere

Head of Capital Markets
Brussels, Belgium


+32 2 546 08 59

Download VCard

Andy Lemmens
Andy Lemmens

Associate
Brussels, Belgium


+32 2 546 08 60

Download VCard

FEATURED PRESS RELEASES

Buildingsangle750x456
Cushman & Wakefield’s Asset Services Launches Operational Asset Management Solutions In EMEA

Cushman & Wakefield’s Asset Services business has extended its service offering in EMEA to include operational asset management solutions alongside property management, ESG, placemaking and related asset services.

31/05/2022

mipim logo

MIPIM 2022

15/03/2022 • 12:00 PM

Cannes, France

Latest insights

Liège
Insights • Office

Liège, Wallonia’s main office destination in 2019

Liège was Wallonia’s main office destination in 2019. Therefore, with the help of our local expert, Stéphane Moermans, Head of our Wallonia Office at Cushman & Wakefield, we look at the reasons behind the important surge of activity in Liège.
Shane O'Neill • 20/03/2020
Coworking Belgium
Insights • Workplace

The coworking sector in Brussels

The coworking sector has experienced a tremendous growth over the last three years, both in Brussels and worldwide.
16/04/2019
Coworking Belgium
Insights • Workplace

The coworking sector in Brussels

The coworking sector has experienced a tremendous growth over the last three years, both in Brussels and worldwide.
16/04/2019

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS