TRIUVA has invested €24m in Brussels real estate for a German insurer.
It acquired a residential and commercial building in the Belgian capital’s prime retail district for an individual mandate of a German insurance company.
The asset, sold by XL Finances, includes retail and residential space and is fully let.
The 2,900sqm asset, at Chaussée d’Ixelles 60-68 within the Louise district, is considered by Triuva as a core property.
The five-storey property was renovated in 2014.
Falling vacancy levels in Brussels and yield compression in rival European cities have put the city back in the spotlight, as IPE Real Estate reported recently in its City Focus.