BNL, AEW sell Parc Seny in Brussels for EUR 21m

Belgian firm Immobel has purchased the shares of SPI Parc Seny, the owner of the Parc Seny building in the municipality of Auderghem, southwest of Brussels, from BNL Portfolio Immobiliare Fund and AEW Asset Management Europe.

The building, which comprises over 13,000 m² of offices, will be completely renovated and converted to apartments. Currently the premises are leased to various users, including Sodexo, Bull and Omnicom.

'This transaction demonstrates the current trend of the conversion to other uses of office buildings that suffer from structural vacancies,' said Francois van den Branden, head of investment at BNP Paribas Real Estate Belgium which advised on the deal.