Investcorp buys Coca-Cola’s Belgian headquarters for €88m – The National

Investcorp buys Coca-Cola’s Belgian headquarters for €88m – The National

Investcorp buys Coca-Cola's Belgian headquarters for €88m. Deal brings the value of asset manager's European real estate portfolio to €750m. Investcorp's European real estate business bought The Bridge - a single-let office building in Brussels from a wholly-owned subsidiary of Coca-Cola through a sale and 10-year leaseback transaction.. "Our latest acquisition is in line with our recent focus on expanding our real estate portfolio across the Benelux region, which we believe is poised to benefit from solid economic and underlying property fundamentals," said Yusef Al Yusef, head of Investcorp's Gulf institutional clients group. ". The Benelux region has growing and active real estate markets and is currently experiencing high levels of demand for office assets.". The property in south-west Brussels houses Coca-Cola's marketing and research and development functions and few subtenants, Investcorp said.. Built in 2001, The Bridge has three interconnected buildings with 35,300 square meters of office and R&D space.. The local area is also set to benefit from the Belgian government's new Canal Plan, which is the largest urban development plan in the Brussels region where a new mixed-use neighbourhood of commercial and residential properties is proposed.. The Manama asset manager's latest deal brings the value of its