Banimmo 'A' : sells the future regional headquarters of Deloitte in Ghent

On April 9^th 2015, Banimmo (80%), Grondbank The Loop (10%) and Sogent (10%), jointly the shareholders of the company Tetris Offices The Loop Building One have signed an agreement with the Common insurance fund Integrale for the sale of 100% of the shares of the company Tetris Offices The Loop Building One. The salesagreement remains subject to the approval of the board of directors of Grondbank The Loop and Sogent (its reference shareholder). Those boards of directors will take place at the end of April.

 The company Tetris Offices owns a building currently under development, located in the Tetris Business Park Ghent. The building will develop a total surface of approximately 7,300 sqm spread over 7 above ground levels. The  underground level will house 167 parking spots.The building is rented to Deloitte in Belgium on the basis of a 15 years lease contract.

The sale price of the shares is based on a transactional value of the building of € 22.6 million. The sale will generate a capital gain, part of which will be included in the accounts on  June 30, 2015. The balance will be accounted for progressively in line with the completion of the works. With this sale, Banimmo will have new financial resources, amounting to € 8 million, to implement new developments. 

Click on the link hereunder for the complete press release in pdf form.