SocGen seeks buyers for Brussels office building debt

29 June 2018

Société Générale (SocGen) is showing around debt secured against the Egmont I and II buildings in Brussels, said two sources familiar with the situation.

 

The properties were bought by Korea Investment Management Co. from Cofinimmo for EUR 370m earlier this year. The French bank provided a loan reflecting 65%-70% of the value, said the first source familiar. The second source put the debt at EUR 230m, around 60% LTV, and said the margin of the debt being offered is below 100bps.

 

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