FBLI Acquired Lothian Developments III
Lothian Developments III SA - Press release
Wednesday, May 31, 2017
Fidentia BeLux Investments (FBLI) acquired Lothian Developments III, owner of an office building located boulevard de la Plaine 11.
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 sqm of office space, 703 sqm 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.
BNP Paribas Real Estate and CBRE acted as joint sell-side advisors to Standard Life Investments.
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