• Acquired 100% of the shares in Marci directly from Nordea Bank with a lease with the Belgian Ministry of Finance.

Equity partnership

  • Equity/operating partnership


  • Bifrost was responsible for origination, financing, value creation and active management during the holding period. 

Value Creation

  • Directly sourced the acquisition via personal relationship with Dexia Bank and Nordea Bank. Facilitated the closing with Nordea Bank and debt financing with Dexia Bank.
  • Secured lease extension with the Ministry of Finance and positioned asset as keystone to larger development of the Gare du Midi international train station in Brussels. 
  • Gare du Midi is a major redevelopment district in Brussels.

Property Type

  • 9,000m2 institutional quality office lease: Office space and development project at the Gare du Midi train station i Brussels, Belgium. 
Key Facts
Location Brussels, Belgium
Deal type Repositioning/development
Property type Office building of 9,000m2 
Closing date 2002
Origination Direct to bank ownership
Status Sold
Exit date 2008