Generali Real Estate buys office assets in Paris and Brussels from GLL
Generali Real Estate has bought two office buildings in France and Belgium from GLL Real Estate Partners.
The €28.7bn manager said, on behalf of two Generali Group entities, it acquired the Atrium Bercy and Montoyer 47 in Paris and Brussels respectively from the Munich-based fund manager.
No financial details were disclosed.
Atrium Bercy comprises 11,500sqm of space and has been rented to the French Ministry of Finance since its unveiling, in 1998.
The mixed-use 8,980sqm office and retail Montoyer 47 building is currently leased to a set of diversified tenants.
With the acquisition of Montoyer 47, Generali has strengthened its presence in Brussels’ real estate market where it already manages a 6,755sqm office building in rue de la Loi 62.
Earlier this year, Generali Real Estate also acquired two office buildings in Paris.