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Cording makes double entry into Brussels market

Avenue Louise 140
Avenue Louise 140

Cording Real Estate Group has announced that it has acquired two office properties in Brussel, Belgium. In this operation, Cording was. acting on behalf of its Benelux Commercial Real Estate Fund..

The first property, Loi 82, is an eight-storey building at Rue de la Loi 82, and represents 5,300m² of office space which is fully let to international tenants. The strategic location of Loi 82, is right in the heart of the European district close to the Berlaymont building and many EU institutions. This key location, Cording indicates, was one of the main factors behind its decision to invest in the property. The building was bought from Euro Capital Property Investors

The second building is located at Avenue Louise 140. Its compromises 4,500m² of lettable space and is also fully occupied by international tenants. The asset benefits from good public transport links (3 minutes in a tram and 4 minutes in a metro are all that is needed to get to the South Station with its international services) and close proximity to the retail area.

Rene de Heus, Head of Investment Benelux at Cording Real Estate Group, comments: "We are pleased with our first two acquisitions in Brussels. They match our strategy of acquiring office properties in the best locations in the Benelux countries. Both the economic conditions in Brussels and the capital of Europe are very attractive. We anticipate that the positive local market conditions, such as a low vacancy rate and a limited supply of space, will further boost rental growth and lead to increasing rental incomes. The purchase of these two properties once again demonstrates how successfully our acquisition team can act in an intensely competitive market environment. As a new entrant to the Brussels investment market, Cording has once again emphasised the level of security it can provide during transactions."
Tim Harrup
06-07-2018


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