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Louise Center changes hands

A major transaction has taken place in the Louise district of Brussels. NAMI – AEW Europe has announced that it has acquired the Louise Center office building on the avenue of the same name, on behalf of OPCI Franceurope Immo. The building was previously owned by Axa Investment Managers, and the sale price is reported to be around €54 million.

With a surface area of just over 16,000 m², this building represents a major asset within an office district which has had its ups and downs over the years. The Avenue Louise remains one of the most elegant addresses in the European capital, and is home to such icons as the Blue Tower and the IT Tower; It fell out of favour as an office location in the early part of this century, but has been making a comeback over recent times. The advantages of the location include its wide range of facilities: shops, culture, hotels, restaurants and access to public transport among others.

The property is currently around is 90% with over 30 tenants, including The United Nations and Tribes business center.

Arsène Marques, Deputy Managing Director at NAMI – AEW Europe, comments: “This new acquisition perfectly illustrates the evolution of our investment strategy, which now includes an asserted European dimension. The Louise Center reflects our determination to position ourselves on prime locations with a good depth in the rental and investment markets”.

Clifford Chance acted for the buyers, and Cushman & Wakefield for the sellers.










| 11/04/2017

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