FBLI acquired the WEB building
Friday, April 13, 2018
On April 13th 2018, Fidentia Belux Investments (FBLI) have finalized the acquisition of the WEB building, rue de Bretagne 24/26, Brussels 1200. The seller is a fund managed by J.P. Morgan Asset Management.
The building, located at the gate of Brussels, in the area of Woluwe-Saint-Lambert and near the shopping center of Woluwe provides a direct access to the E 40 motorway and the Brussels’ ring road. The property benefits from a central location, equidistant to Brussels’ airport and the European Commission. It is very well served by public transport.
The WEB building has a Gross Lettable Area of 8.100 sqm of offices arranged over 6 floors with 182 inside parking spaces. The building is currently let to leading tenants on the basis of 9 fixed years and 3/6/9-year leases. The current occupancy rate is 100%.
FBLI is a company investing through subsidiaries in office real estate in Belgium and Luxembourg, in order to upgrade these properties to current environmental standards and obtain green certification such as Breeam. FBLI pursues a value add investment strategy with a focus on environmental sustainability : from “grey” to “green”.