AEW acquires Louise Centre office building in Brussels for €54mln

AEW announces, on behalf of OPCI Franceurope Immo*, that it has acquired the Louise Centre office building in Brussels, from AXA Investment Managers – Real Assets**, for approximately €54mn. The 16,146 sqm asset is ideally located in the heart of Brussels, on the prestigious Avenue Louise and offers a multitude of services nearby including shops, hotels, restaurants and access to public transport.

The Louise Centre was fully renovated to a high standard in 2014 and has an “excellent” BREEAM rating. The new façade enhances this flagship building and complements the contemporary and flexible work spaces within.

The current occupancy is 90% with over 30 tenants, including The United Nations, Tribes Business Center and Altavia.

Arsène Marques, Deputy Managing Director at NAMI – AEW Europe, commented: “This new acquisition perfectly illustrates the evolution of our investment strategy, which now includes a European dimension. The Louise Centre reflects our strategy of investing in prime locations with strong rental and investment markets.” NAMI – AEW Europe was advised by Clifford Chance. AXA Investment Managers – Real Assets was advised by Cushman & Wakefield.

Source: AEW

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