The real estate investment arm of French financial institution Caisse des Dépôts has partnered with Tribeca Capital Partners to acquire a 34,000sqm office building in Belgium’s capital from AEW.

CDC Investissement Immobilier said it has bought SA Marquis Building Brussels, the company that owns the Marquis office building in the city centre of Brussels. Financial details were undisclosed.

Tribeca, a minority investor in the transaction, will actively manage the asset as the investors plan to carry out a  repositioning programme of Marquis to help enhance the asset’s level of service and environmental profile.

Lucas Mignot, the head of international investments at CDC Investissement Immobilier, said: “We are pleased to complete our second transaction in Brussels, in a joint venture with a local operator such as Tribeca Capital Partners.

“This transaction is particularly representative of our long-term real estate strategy, creating value by developing or repositioning assets in line with the new expectations of users, located in the heart of major European cities and benefiting from excellent public transport links.”

Catherine Wymeersch, the head of investment at Tribeca Capital Partners, said: “We are delighted with this operation and this new partnership. The Marquis is an emblematic building in the centre of Brussels, with a true architectural identity and exceptional accessibility by public transport.

“The CDC Investissement immobilier long-term vision gives us the opportunity, as an asset manager, to implement an ambitious ESG policy and to restore the Marquis to its former glory.”

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