Savills Investment Management has completed the acquisition of a 36,000-m2 office complex located at 1 boulevard du Roi-Albert 2 in Brussels, for €173 mln.
The asset was bought on behalf of an unnamed foreign investor from AXA and its current tenant as part of a partial sale-and-leaseback transaction.
Built in the 1990s, the building was renovated between 2017 and 2018 and is fully leased to a financial institution under a 12-year firm lease.
‘We are very happy to have completed this new acquisition within just a few months and this in a very specific market context,’ said Pierre Escande, head of Investment France and BeLux at Savills IM. ‘This transaction demonstrates Savills IM's ability to position itself in significant and iconic core office assets. Belgium, and more specifically Brussels, remains at the heart of our investment strategy for 2021, both for our funds and for dedicated mandates.’
JLL brokered the deal.
