99-year leasehold for two landmarks of the Avenue Louise

RETAIL

AG Insurance, represented by AG Real Estate, has granted a 99-year leasehold on its two Stéphanie buildings in favour of the German investment fund KGAL Investment Management. These twin buildings – Stephanie Square and Stephanie Plaza - are landmarks for the entrance to the highly sought after Avenue Louise in Brussels. Each building comprises a ground floor housing luxury boutiques and seven floors of offices. All together these buildings are offering around 24,300 m2 of offices and 3,000 m2 of retail space.

Tatiana Posa, Head of Transactions at AG Real Estate comments this move in their real estate portfolio: “Active asset management and the investments that AG Real Estate has made in these two properties, coupled with an excellent strategic location, have enabled us to achieve very competitive figures. This transaction is part of our arbitration programme and meets the financial targets set by our shareholder."

AG Real Estate consulted Savills and CBRE on the marketing and Loyens & Loeff on legal matters. JLL Belux Capital Markets team advised KGAL Investment Management in this transaction.