KTB completes $160 mn office building purchase at Brussels Airport
Aug 07, 2018 (Gmt+09:00)
KTB Investment & Securities Co. Ltd. has bought a new office building within the Brussels Airport complex for around 180 billion won ($160 million), for which it recently completed the resale of 80 billion won equity to domestic institutional investors.
The South Korean brokerage house borrowed 100 billion won from a local bank to fund the deal sourced by an unidentified European asset manager in March, it said in a statement on August 3.
“The office building we invested is a high-quality asset that generates long-term sustainable rental incomes because it has multiple blue-chip tenants including global companies, with their lease terms averaging about 15 years,” the company said in the statement.
But it did not identify the building and declined to give expected investment returns.
Meanwhile, in April, AXA Investment Managers - Real Assets announced the acquisition of a long leasehold right on the PassPort office building at Brussels Airport for €131 million ($151 million), on behalf of an unidentified client. It bought it from CODIC, a Belgian real estate developer.
13 HOURS AGO
Apr 24, 2024 (Gmt+09:00)
Apr 21, 2024 (Gmt+09:00)
Apr 18, 2024 (Gmt+09:00)
Apr 16, 2024 (Gmt+09:00)