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BNP Paribas acquires Louise 250

Image: Eaglestone
Image: Eaglestone

There has been a transaction involving one of the most visible ‘old’ office building in the heart of Brussels. BNP Paribas REIM France has acquired 250 Avenue Louise a 10,000m² property located on one of the most prestigious corners of the capital.

Belgian developer Eaglestone began rehabilitating the building in 2018 to give it a new identity, integrating new digital technologies for the occupiers. In parallel with the refurbishment works, the building has been the subject of a dynamic asset management programme. The building is fully leased and occupied by tenants including Bureau Van Dijk (a subsidiary ofUS group Moody’s,) and law firm Simon Braun, which is to move in from the second quarter of this year.

Jean-Maxime Jouis, Head of Fund Management for BNP Paribas REIM France, comments: “This marks the first investment in Belgium by BNP Paribas Diversipierre, which was highly impressed by a central location that fits perfectly with its strategy to extend its European portfolio. This acquisition also shows the willingness of BNP Paribas REIM France to help improve the quality of buildings in the very centre of the city. ”

For his part, Gaetan Clermont, CEO of Eaglestone, explains: “We are delighted with this latest deal, which sits neatly with our strategy of targeting assets with high potential. This transaction also demonstrates the continued appeal of the Louise district in the office segment.”
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