Record return obtained by Ghelamco for the sale of the Silver Tower in Brussels


The German fund Deka Immobilien became the owner of the Silver Tower by putting on the table around 200 million euros, report L’Echo and De Tijd on Tuesday.

The Brussels Region announced in May that it would renounce its right of preemption (right to match) over the building it will occupy in a few months for 18 years. This highly visible deal was signed on Friday and is now confirmed. Unofficially, because the “closing” of the transaction is still in progress with the buyer, the German fund Deka Immobilien GmbH.

Planted in Place Saint-Lazare in Saint-Josse, the office tower of 40,000 m2 and 137 meters high should accommodate by the end of 2020 some 2,000 officials from the administrative services of the Brussels Region (SPRB) and offer to its future German owner, under the long-term lease contract of 18 years (at least) negotiated with the Region, on the basis of a face rent close to 150 euros per m2 per year, a record yield of 3.25%, never obtained on the market Brussels. According to Paul Gheysens, the boss of Ghelamco, this is a positive signal given to the market: “The big international funds stay on the balcony to invest in new and well rented real estate assets”.

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