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Property Investor Europe News

Abu Dhabi's ADIA in largest Belgian office deal

20 November 2012, 08:44 AM

The Abu Dhabi sovereign wealth fund ADIA has bought the Zuiderpoort office in Ghent from Icelandic bank SJ1 in Belgium’s largest office deal this year. The purchase price was not disclosed but specialists estimate it at around ¤110m for a 10% initial yield.