Announced
Completed
Financials
Sources
Tags
Public
Friendly
Commercial REITs
Private Equity
Single Bidder
Belgium
Acquisition
Majority
Cross Border
real estate investment
Completed
Synopsis
Brookfield, a Canadian multinational company that is one of the world's largest alternative investment management companies, completed the acquisition of Befimmo, a real estate operator that primarily engages in the acquisition, management, and leasing of office properties in Belgium and Luxembourg, for €2.5bn. “We are pleased that Brookfield recognizes the value and quality of our portfolio, the dedication of our team and the future growth opportunities for the Company. We believe this transaction represents the best path forward for our company to benefit from the strategic partnership of one of the world’s most experienced real estate investors as we navigate the evolving environment for office real estate," Jean-Philip Vroninks, Befimmo CEO.
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