Owner-occupier Beobank has received a dozen offers for its Waterloo16 office building in Brussels, according to well-informed market sources.
The asset, which is expected to be 85% vacant in three years' time, is understood to have received several offers at a 4.25% yield, reflecting an €80 mln valuation.
The level of bids reflects the strength of investor appetite for real estate assets in the Belgian capital, which has seen record transactional volumes so far this year.
Designed by Conix Architecten, the office complex provides around 10,000 m2 on Bd de Waterloo 16 in the Belgian capital. It was delivered in 2009 for BKCP bank, which occupied a part of the building and was later taken over by Beobank, part of Credit Mutuel de Nord.