Brief: Immobel says European Union will occupy the "Black Pearl"

Compagnie Immobiliere de Belgique

31/05/2016 17:02

May 31 (Reuters) - Immobel Sa  IMMO.BR  
    * A company of Immobel Group has granted a right of usufruct 
to the European Union on the "Black Pearl" building 
    * Usufruct will enter into force, for a fixed term of 15 
years, after completion of the fit-out works requested by the 
European Union 
    * These works will be completed within a period of about 7 
months 
    * The company who developed and marketed the project "Black 
Pearl" will be sold (subject to some conditions precedent) to 
Real I.S. for its special fund Bayerische Grundvermögen VII 
Europa (BGV VII) AIF 
 
Source text: http://bit.ly/1UffeK0 
Further company coverage:  IMMO.BR  
 
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