Prupim enters Belgian market with EUR 40m acquisition

British real estate investment manager Prupim has acquired the long leasehold interest in the Woluwe Atrium office property in Brussels on behalf of the M&G European Property Fund. The purchase of the office complex from Belgian-Dutch financial services group Fortis for EUR 39 mln reflects a yield of about 5.7%. The asset, located in Brussels' Souverain-Woluwe district, comprises 13,000 m[sup]2[/sup] of space over five storeys and is almost fully leased following an extensive refurbishment from 2000 to 2002.

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