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Transactions - MAY 19, 2022

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CBRE Investment Management acquires 94-unit serviced-apartment building in Belgium

by Released

CBRE Investment Management, on behalf of a separate account mandate, has acquired a 6,214-square-meter (66,980-square-foot) serviced apartment building in Antwerp, Belgium, from Silex Group.

The asset, operated by YAYS Aparthotels, comprises 94 short-stay and furnished apartments, spread across eight floors, on Frankrijklei, the main boulevard in Antwerp. In addition to the 94 apartments, the asset also encompasses 12 parking spaces.

Located on Frankrijklei, in the center of Antwerp, the asset is near Antwerp Central Train Station and the city’s historical center, as well as Meir, Antwerp’s main shopping destination. The asset will benefit from the ongoing regeneration of the area, anchored by the restructuring of Operaplein, which has seen all vehicular traffic hidden underground beneath the square. A new metro station, Opera, has recently opened approximately 200 meters (0.1 miles) from the asset, as well as a new underground car park.

David De Wolf, asset

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