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AXA buys Passport

Image: Brussels Airport
Image: Brussels Airport

Real estate portfolio and asset manager AXA Investment Managers – Real Assets, has announced that it has agreed to acquire, on behalf of one of its clients, a long leasehold right on the Passport office building at Brussels Airport. The transaction price is stated to be € 131 million, and the seller is CODIC.

Passport is a fully let, brand new BREEAM ‘Very Good’ multi-tenanted office building and is located alongside both the main passenger terminal and runway at Brussels Airport. Comprising some 28,375 m² of GLA over two interconnected wings and including 361 parking spaces, Passport is 100% let to four high quality international global businesses, with an average lease term to break of over 15 years.

The building is one of only two offices that afford unobstructed views over the airport runway and its location directly adjacent to the airport terminal allows tenants to benefit from the wide range of retail, dining and other amenities on offer, as well as an on-site high-end hotel.
Tim Harrup
09-04-2018


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