Morgan Stanley puts Blue Tower on market in Brussels

International real estate advisor Savills and BNP RE have been co-instructed by Morgan Stanley Real Estate Investment to sell the Blue Tower, a prime office asset in Brussels’ Louise office district.

The 24-floor building is located in Av. Louise 326 in the city’s CBD and comprises 23,909 m² of office space with 329 m² of lettable retail space on the ground floor, as well as 3,679 m² of archive space and 335 underground parking units. It is BREEAM certified and is currently 92% occupied. Tenants include LVMH, EDF, Bain & Company, Lazard, Heidrick & Struggles and Olswang.

Gregory Martin, Managing Director at Savills Belux, said: 'The Blue Tower is a prime asset with a very stable income making it a great opportunity for international investors seeking to diversify their portfolios or domestic buyers looking to acquire a trophy office building in the Belgian capital. Furthermore, the Louise office district is a great location having outperformed other Brussels office districts for the last three years.'

François van den Branden, Head of Investment at BNP RE, said: 'The Blue Tower presents a rare opportunity to acquire one of the best performing corporate addresses in Brussels'.

The Louise office district is The High End business hub of Brussels, which provides a good mix of retail, restaurant and office buildings.