ADIA Buys Large Office Property in Ghent

The Abu Dhabi Investment Authority (ADIA) has purchased the Zuiderpoort office complex in Ghent, Belgium. The building was owned by Icelandic bank SJ1; they purchased the property for €163 million in 2006. It is located at G. Crommenlaan 9. The property is 675K sqft and is the biggest office transaction this year so far in Belgium. The 10-story property consists of three buildings.

The deal is rumored to be around €110 million.

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