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Quilvest makes first Belgian investment



International asset and wealth management company Quilvest Real Estate and joint investor Arax Properties have announced that they have acquired the Tour de l’Hopital, a 21,000m² office building in central Brussels, from private investors. The property, which benefits from close proximity to Brussels Central railway station, compromises fifteen floors and is currently fully let. Quilvest is the lead investor and its co-investor, Arax Properties, will act as the operating partner of the joint venture.

Patrick Laroche, CIO Europe & Asia at Quilvest Real Estate, commented: “We are pleased to announce the acquisition of this very well located office building which offers great upside potential. Brussels’ office market, and particularly its central business district, is a dynamic market, and we believe that modernizing the Tour de l’Hopital, will make it a very attractive property for tenants and visitors alike. Following this first acquisition in Belgium, Quilvest intends to pursue further investments as part of its pan-European acquisition strategy. We continue to actively deploy capital in properties that offer value-add potential.”
Tim Harrup
19-11-2018


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