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Tikehau comes to Brussels with a bang

Two of the buildings are on the Avenue Louise (Image: tripadvisor)
Two of the buildings are on the Avenue Louise (Image: tripadvisor)

There has been a spectacular entry into the Belgian real estate market. Tikehau Capital acting via its value-added Real Estate investment fund, has acquired a mixed-use real estate portfolio amounting to some 30,000m² in Brussels. The portfolio is composed of more than twenty-five high-quality assets, including offices, retail and residential spaces and parking lots, strategically located in the heart of Brussels. The deal marks Tikehau Capital’s first real estate acquisition in Belgium.

The buildings involved include six properties on the Rue des Chartreux, nine on the Rue Marché aux Grains, three on the Rue Royale and two on the Avenue Louise among others.

Tikehau Capital is an investment management group with offices in Paris, London, Brussels, Madrid, Milan, New York, Seoul and Singapore. It employs over 400 persons and currently manages some 22 billion Euros of assets. To illustrate its active acquisition programme, this deal was announced on October 31st and Tikehau followed it up the next day by buying a shopping centre in the UK.

Edouard Chatenoud, Head of Benelux at Tikehau Capital, said: “This first Real Estate operation in Belgium is part of the Group's strategy to accelerate its Real Estate business and to develop its activities in Belgium. The acquisition of a mixed-used Real Estate portfolio demonstrates our commitment to investing in high potential assets located in attractive locations.”

The sellers in these transactions were advised by Cushman & Wakefield along with Allen & Overy. Tikehau Capital was advised by Codabel, Urban Law, BPM and Deloitte.
Tim Harrup
05-11-2019
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