The Gateway building (38,000 m²) was handed over in December 2016. The lease signed with Deloitte, for an annual rent of €6.9 million, has thus commenced with a duration of 18 years. The initial yield on investment (€149.2 million) for this transaction amounts to 4.65%, higher than the yields that are currently practised for similar quality projects.
The Gateway project embodies a full redevelopment of the old Brussels airport terminal. Owing to its unique and strategic location in the heart of the airport and its accessibility, notably thanks to the railway station under the building offering easy connections to major Belgian and European cities, it enjoys the characteristics of a city-centre building and is therefore from now on classed in the category “Brussels CBD and similar” in Befimmo’s reporting.
This flexible and sustainable project obtains a BREEAM “Very Good” certification in the Post Construction phase.