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Cofinimmo completes €60m Belgian office sales
Transactions - JANUARY 3, 2024

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Cofinimmo completes €60m Belgian office sales

by Andrea Zander

The Cofinimmo Group has completed the divestment of six office buildings in Belgium for €60 million ($66 million). The agreements already had been signed and announced.

The buyer is undisclosed.

Six properties were sold as part of the REIT's office-divestment program. The cumulative amount of divestments carried out since Jan. 1, 2023 therefore reaches approximately €300 million ($330 million), which is in line with the target set at the beginning of the year.

Jean-Pierre Hanin, CEO of Cofinimmo, said, “We are very pleased with the completion of these divestments, which were budgeted in 2023 and are fully in line with our overall portfolio rebalancing strategy. This demonstrates our ability to perform selective asset arbitrages in the current challenging market environment.”

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