HOME      NEWS           AGENDA           LIBRARY           NETWORK           PROJECTS           NEWSLETTER           ABOUT US     

Trio changes hands

There has been another transaction involving the ‘Trio’ building, located close to the corner made up of the Chaussée de Charleroi and the Rue Defacqz. M&G Real Estate has bought this 15,400 m² office scheme on behalf of the M&G European Property Fund. The transaction follows the purchase of a prime office building on Rue Guimard in Brussels and brings M&G Real Estate’s overall holdings in the Belgian market to around €267m.

The location is on the edge of the ‘Louise’ district of Brussels CBD, and is equidistant between ‘Ma Campagne’ and the Place Louise. It thus benefits from a less dense public transport service than buildings on the Avenue Louise itself, but is well located in terms of shopping and other facilities. Trio’s tenants include Pernod Ricard, the Belgian State and Rail Europe.

David Jackson, who jointly manages the M&G European Property Fund, comments: “The economic stability, growth prospects and low vacancies in the office markets make Northern Europe an attractive place to invest. These markets fundamentals are in line with our core European Strategy and our ongoing commitment to Northern Europe will help us deliver long-term income driven returns for our investors”. His colleague Olivier Vellay, Head of Investments for Continental Europe, adds: “Belgium is also a key market for M&G’s European long lease property strategy – the first pooled institutional fund to invest in Continental European long lease real estate”.










| 20/02/2018

share:    facebook  twitter 

News in short
Two major deals for Manhattan Centre | 20/7
Rapid letting of Brixius business park | 18/7
Sophie Lambrighs leaves HIB | 16/7
Physical presence still important in the digital domain | 13/7
Largest transaction in West Flanders | 12/7
First Mipim Proptech Europe conference | 10/7
Cording makes double entry into Brussels market | 6/7
Antoine de Borman replaces Denis Grimberghs at citydev | 5/7
HIB enters apart-hotel sector | 3/7
Horizontal City goes on display at Bozar | 19/6
Prestige residential development on Avenue Louise | 14/6
Xavier Denis joins AG Real Estate | 13/6
Award for Tivoli | 11/6
Lunch with a fascinating architect | 5/6
Besix RED turns 30 | 1/6
Atenor sells City Dox senior home | 29/5
Retirement homes market booming | 24/5
Pulse brings new life to Molenbeek | 22/5
Realty - out with the old... | 18/5
New look Realty smaller but attractive | 17/5
New SME park and retailing at Wavre South | 15/5
Docks Bruxsel changes hands | 14/5
Triomphe - turning workspace on its head | 7/5
Third edition of Exemplary Buildings | 4/5
Brussels faring well at European level | 2/5
Housing - the big picture | 25/4
Retail activity quarter one | 23/4
Club Med confirms co-working surge | 18/4
Larger companies targeted by citydev | 16/4
Flexible workspaces - a key corporate trend | 12/4
Hotel sector well on the way back up | 10/4
AXA buys Passport | 9/4
Botanic Tower changes hands | 5/4
Commission launches mega-project | 4/4
Realty heading for the seaside | 3/4
Office space evolving - CBRE | 26/3
Belfius Smart Belgium Awards: context and winners | 22/3
Antwerp looks to the future | 20/3
Manufacturing must be in the mix - citydev | 19/3
Mipim Awards for Antwerp and Brussels | 16/3


back