Brief: Proximus And Immobel Reach Binding Agreement For Redevelopment Of Proximus' Headquarters

Compagnie Immobiliere de Belgique

15/03/2022 07:05

March 15 (Reuters) - Proximus NV  PROX.BR :
    * PROXIMUS AND IMMOBEL REACH A BINDING AGREEMENT WITH
RESPECT TO
REDEVELOPMENT OF PROXIMUS' HEADQUARTERS
    * WORKS SHOULD START EARLY 2024 AND SHOULD BE FINISHED BY
END 2026
    * ACQUIRED RIGHTS AND GAVE COMMITMENTS TO DISPOSE PROPERTY,
PLANT
AND EQUIPMENT FOR APPROXIMATELY EUR 143 MILLION, IN THAT CASE
FOLLOWED BY LEASE-BACK OF PART OF RENOVATED BUILDING WITH
SIGNIFICANT CONTRIBUTION OF EUR 20 MILLION OF IMMOBEL IN FIT-OUT
AND MULTIPLE MONTHS OF FREE LEASE

Source text: https://prx.ms/3Jh5OQ0
Further company coverage:  PROX.BR 

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