An investment fund managed by Benson Elliot has acquired the Espace Sain Michel retail and office complex in Liège, Belgium for an undisclosed amount.
An investment fund managed by Benson Elliot has acquired the Espace Sain Michel retail and office complex in Liège, Belgium for an undisclosed amount.
BNP Paribas Real Estate advised the unnamed vendors on the sale of the asset, which is located in the historic city centre of Liege.
The asset provides around 20,000 m2 of retail space and 5,000 m2 of office accommodation. It consists of four inter-connected buildings including a pedestrian high street and is almost fully let to tenants including H&M, C&A, Delhaize, WE.
The buyer was assisted in the transaction by Loyens & Loeff. On the legal side, the vendors were represented by Baker & McKenzie.
