NAMI–AEW Europe has bought an office building in Brussels for €54m on behalf of its OPCI Franceurope Immo fund.

The company, an affiliate of AEW Europe, said it acquired the Louise Center from AXA Investment Managers–Real Assets.

The 16,146sqm building was renovated in 2014 and is 90% let to more than 30 tenants, including The United Nations.

Arsène Marques, deputy managing director at NAMI–AEW Europe, said: “This new acquisition perfectly illustrates the evolution of our investment strategy, which now includes an asserted European dimension.

“The Louise Center reflects our determination to position ourselves on prime locations with a good depth in the rental and investment markets.”

AEW Europe has also acquired an office building in Bristol in the UK for £17.5m (€20.5m).

Resolution Property, which recently refurbished the 89,000sqft Colston Tower, said it had sold the building.

Colston Tower is fully let to tenants that include architects Childs & Sulzmann. It also includes restaurant space on the ground floor and podium level.

James Baker at Resolution Property said: “This sale cements Resolution’s view on the emerging Bristol market and the recent lettings have firmly established Colston Tower as one of the favourite office locations for creative and digital occupiers in the city.

“Bristol is already a significant centre for the creative industries and its appeal is growing. We see Colston Tower as being a catalyst for further growth in the city’s creative economy.”

 

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