HIH Invest Real Estate has sold an eight-storey office building in Belgium’s capital to Eaglestone.
The investment manager said it has sold The Crown Center building at Rue Royale 138 in Brussels without disclosing any financial details.
Its sole tenant is the federal Belgian agency, Régie des Bâtiments. Following the end of the current tenancy, Eaglestone is planning to modernise and restructure the office scheme, HIH Invest said.
HIH Invest acquired the property in 2011 on behalf of a closed-end real estate fund.
The building, originally constructed in 1968, was thoroughly refurbished in 2001 and 2002.
Matthias Brodesser, the head of transaction management international at HIH Invest, said: “The surroundings of the Crown Center have developed dynamically over the past years. We are glad to have found a buyer in Eaglestone Group who is renowned for sustainable high-end property developments.”
To read the latest edition of the latest IPE Real Assets magazine click here.
Related Companies
- Previous
- Next
