Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}
Diamond Building in Ghent Diamond Building in Ghent

Cas Clients

Diamond

The Cushman & Wakefield Capital Markets team have advised Global Estate Group & Life Tree Group on the forward sale of a SPV holding the Diamond project in Ghent.

Key numbers

◆ 7 floors
◆ ± 14,000 sq m office space
◆ ± 1,100 sq m of common areas
and a restaurant area of 889 sq m
◆ 160 parking units

01 The opportunity

Diamond is a 7-story standalone office building located on the Koningin Fabiolalaan in Ghent, next to the main railway station of the city. The building had been completely pre-let before by two strong tenants, namely ING and NMBS. Our Capital Markets team was appointed by Flemish developers Global Estate Group External Link and Life Tree Group External Link to organize and structure the sale of this prime office building.

"This successful transaction has set a new benchmark for the Flemish office market and shows that there is still ample capital looking to be deployed."

- Marc-Antoine Buysschaert, Head of Capital Markets

02 The challenges

Despite the many positive features of this building, our teams had to face some challenges along the way. Firstly, Ghent needed to be introduced as more than a secondary city in Belgium. In order to attract foreign institutional investors, potential buyers had to learn that Ghent is foremost the second most important city of Flanders in terms of office space.

Another challenge was the difficulty of managing the transaction structure knowing that it was a forward sale. Started in the summer of 2017, the Diamond building had however the benefit to be completely pre-let before delivery.

03 The solution

Therefore, our team have directly put the focus on creating some liquidity in order to build a competitive environment and on giving a detailed underwriting of the location to draw attention to the many strong points of the Diamond building.

After that, based on the timing of execution, the investor track record as well as the pricing recommended, our team decided to organize a competitive two round bidding process which resulted in finding the perfect candidate for this exceptional project.

04 The results

All this work paid off and ended with a successful sale of the Diamond building to Union Investment Real Estate at an exceptional sales price that resulted in a record low yield for the Flemish office market. Our Capital Markets team made sure to obtain a truly secure transaction by focusing on investors with a strong investment profile and a serious track record.

This project provided Cushman & Wakefield with a great opportunity to show once more their extensive market knowledge to help Global Estate Group & Life Tree Group realize their objectives.

Eager for more details on this story? Get in touch directly with our C&W experts!

Diamond Building in Ghent Diamond Building in Ghent

CONTACt THE TEAM

RELATED SERVICES

Capital Markets Offices
Notre équipe offre une gamme de services de conseil en investissement aux clients engagés dans l'achat, la vente, l'investissement, le financement ou la construction de biens immobiliers.
En savoir plus
Bureaux
Grâce à une connaissance approfondie du marché et un accès inégalé aux occupants locaux, nationaux et internationaux, nos experts Bureaux fournissent des conseils stratégiques que vous soyez propriétaire ou locataire. 
En savoir plus
Représentation des occupants - Bureaux
Notre équipe Occupier Representation (Représentation des occupants) vous conseille tout au long de votre projet de recherche de bureaux, jusqu'à la signature du bail et à l'aménagement dans vos nouveaux locaux.
En savoir plus

Nos derniers articles

The Belgian Residential Market
Insights • Residential

The Belgian Residential Market

Read our latest insights on the Belgian Residential Market and discover the main challenges and opportunities for investors regarding this rising asset class.
2/15/2023
The Belgian industrial and logistics market
Insights • Logistics

The Belgian industrial and logistics market

Some updated insights on the Belgian industrial and logistics market. 

12/15/2022
Belgian Life Sciences
Insights

Life sciences in Belgium

Get unique perspectives on today’s life sciences market in Belgium and discover why this market becomes a focus for both occupiers and real estate investors. 
9/13/2022
Brussels Office Marketbeat
Insights • Economy

Belgium Real Estate Market View

A regular update on the commercial real estate market in Belgium.
Cédric Van Meerbeeck • 3/25/2021
Belgian hospitality industry
Insights • Hospitality

Le secteur hôtelier en Belgique

Cushman & Wakefield Hospitality présente son bilan de performance 2020 pour le marché hôtelier belge, ainsi que des informations sur la région du Benelux grâce a sa nouvelle série d'enquêtes du marché hôtelier auprès des opérateurs hôteliers, l'OperatorBeat. 
3/4/2021
The investment market in Belgium
Insights • Investment / Capital Markets

Le marché de l'investissement en Belgique

Retrouvez nos analyses afin de mieux comprendre le marché de l'investissement immobilier commercial en Belgique, que ce soit pour le marché du bureau, retail, industriel et logistique. 
Cédric Van Meerbeeck • 1/28/2021
E-commerce Logistics in Belgium in 2020
Insights • Logistics

E-commerce logistics in Belgium

The path of e-commerce logistics in Belgium has not been as straightforward as elsewhere. Nevertheless, 2020 and the unprecedented lockdown caused by the COVID-19 pandemic was the year Belgians well and truly discovered the potential of online retail. We use this opportunity to examine the story so far in logistics as well as what the future holds.
Bart Vanderhoydonck • 12/9/2020
Liège Take-up
Insights • Office

Liège, les grandes transactions de 2020

Pour conclure notre série d’articles sur le marché de bureaux liégeois, voyons avec notre expert local, Stéphane Moermans, responsable du bureau wallon de Cushman & Wakefield, comment Liège résistera au COVID-19 en 2020. 
Stéphane Moermans • 4/10/2020
Liège Office Pipeline Article
Insights • Office

Le pipeline de bureaux à Liège

Dans la deuxième partie de notre série sur le marché liégeois de bureaux, voyons comment le pipeline stimulera la demande dans le contexte du COVID-19. 
Stéphane Moermans • 3/30/2020

VOUS NE TROUVEZ PAS CE QUE VOUS RECHERCHEZ?

Joindre un membre de notre équipe.
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