Investcorp has entered the Belgium market through the acquisition of The Bridge, a single let office and research & development (R&D) asset located in Brussels. Investcorp has acquired 100 percent of the property from a wholly owned subsidiary of The Coca-Cola Company for €88 million ($98 million) through a sale and 10-year leaseback transaction.
The property serves as Coca-Cola’s Belgian headquarters, housing its marketing and R&D functions. Upon completion, the property will be 100 percent occupied by Coca-Cola and several of its existing subtenants. The acquisition represents Investcorp’s first sale and leaseback real estate transaction in Europe.
Located in southwest Brussels, The Bridge offers convenient access to major European cities, including Paris and London via train. Built in 2001, the property is comprised of three interconnected buildings
