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.

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.