ADIA acquires major office complex in Blegium
- United Arab Emirates: Saturday, November 17 - 2012 at 00:42
The Abu Dhabi Investment Authority (ADIA) has acquired the Zuiderpoort office property in Ghent, Belgium, signalling a new direction in sovereign wealth funds' capacity to penetrate Europe's secondary investment locations, PropertyEU has reported. The 63,000 sq m, 10-storey asset, which comprises three buildings, is fully let on short term leases to 16 tenants. Ghent is a popular destination for investors and it currently has the lowest office vacancy rate in the country, at approximately 4.4%.
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