German real estate firm Deka Immobilien has purchased an office building in Brussels, Belgium.
The acquisition was made on behalf of the company’s open-ended real estate fund, Deka-ImmobilienMetropolen.
The seller of the property was AG Insurance, but the purchase price has not been publicly disclosed.
The Tervueren II office building, constructed in 1976 and extensively renovated in 2019, offers approximately 7,300 m2 of leasable space across eight floors, including premium office facilities, and 74 underground parking spots.
The property, fully leased to law firm Loyens & Loeff, is located in Brussels’ Leopold office district and features a BREEAM Very Good sustainability rating. With a primary energy consumption of 98.25 kWh/m2, it claims to be one of the most energy-efficient buildings in the Benelux region.
According to Deka Immobilien, the move will allow it to capitalise on favourable market conditions and strengthen its investment position.
A&O Shearman and Arcadis provided legal and technical advice respectively to Deka Immobilien, while CBRE advised the seller.
