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Proximus to put much of its property up for auction
Proximus has begun auctioning off much of its property portfolio, as part of an overall drive to sell off half of its real estate by 2035 – more than 500 buildings.
The ultimate goal is to keep just 350 buildings. The first batch of 20 properties have appeared on the Proximus Real Estate website and will go on sale through an auction to which project developers can register.
The diverse offer includes two Brussels buildings. The first, situated at Rue Borrens 16 in Ixelles, is some 6,000m² and “offers a unique potential for redevelopment,” Proximus says. The second is located at Avenue Slegers 36 in Woluwe-Saint-Lambert.
Proximus said it would organise a new sales round twice a year. The company also plans to lease back some properties after sale. Proximus argues that this policy will be extra attractive for investors as they will be able to work out their plans and receive rental income at the same time.
Proximus wants to sell more than €500 million worth of its non-essential assets by 2027.
In April, it announced that it had already sold €330 million of these assets. This was in part due to the sale of its iconic headquarters, Proximus Towers at Brussels-North station, to project developer Nextensa, for €62.5 million, after years of negotiation with potential buyers and over the price.
The agreement to relocate Proximus’ headquarters to the Tour & Taxis site has also been finalised, with a lease signed for 15 years.