UFG Wealth Management, an independent family office, announced the acquisition of Bridgestone's EU Headquarter located in Zeventem in the proximity of Brussels Airport with a total area of 7,573 sq m. The Airport Periphery is an office district mostly occupied by large international tenants and consulting firms active in various industry. Office is easily accessible by car due to proximity to the city. Cost of occupancy is very competitive considering lower rental rates and lower taxes in the Flemish region. The property particularly is located in the Cluster Park, a corporate office park located in a mix used environment that attracts Mars, Kellogg’s and Toyota.
"This acquisition is compelling due to attractive yield on a stable market," said Mikhail Devyatov, Managing Director and Head of Real Estate Department, UFG Wealth Management. "Brussels is the fifth richest region in the EU and Belgium’s GDP growth was higher than EU’s average over the last decade that results in a resistant real estate market. Moreover, there is a successful tenant that rented property for almost 20 years. We are convinced that the transaction will add value for our clients.”
The transaction was carried out with the finance assistance of RCB Bank Ltd.