German asset manager Triuva Kapitalverwaltungsgesellschaft (Triuva) has acquired the Nordic House mixed-use building in Brussels as part of a direct off-market transaction for €25 mln.
The seller was a client managed by AXA Investment Managers RE Belgium.
The office and retail property is situated in Rue de Luxembourg in the heart of Brussels' European Quarter and within walking distance of the European Parliament. This building was built in 2002 and was previously home to the Swedish Embassy.
The entrance hall of the building was completely renovated in 2013 and it is let to 46 tenants which include the supermarket chain Carrefour as the core tenant in addition to Saab, Volvo, Visa, Lufthansa and the British Medical Association.
Overall, Nordic House offer 6,200 m2 of office space and 390 m2 of retail space and is almost 100% fully-let.
Triuva was advised by law firm Clifford Chance.
