Brief: Immobel Carries Out 1st Closing Of Immobel Belux Office Development Fund

Compagnie Immobiliere de Belgique

18/05/2021 10:11

May 18 (Reuters) - Compagnie Immobiliere de Belgique SA
 IMMO.BR :
    * IMMOBEL CARRIES OUT THE FIRST CLOSING OF THE IMMOBEL BELUX
OFFICE DEVELOPMENT FUND
    * AGGREGATE EQUITY COMMITMENT OF EUR 80 MILLION HAS BEEN
REACHED
TO INVEST UP TO EUR 230 MILLION IN OFFICE DEVELOPMENT PROJECTS
IN BELGIUM AND LUXEMBOURG
    * TARGETED EQUITY COMMITMENT OF EUR 200 MILLION, ALLOWING
FOR AN
INVESTMENT CAPACITY OF UP TO EUR 550 MILLION
    * FURTHER CLOSINGS ARE EXPECTED TO TAKE PLACE BEFORE THE END
OF
2021
    * FUND WILL ACQUIRE THE FIRST SEED ASSETS BEFORE THE SUMMER
OF
2021

Source text for Eikon:  ID:nNDL3LMYDF 
Further company coverage:  IMMO.BR 

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