Commerce 46 changes hands

Tim Harrup

There has been another transaction in the European district of Brussels. At the end of last week Immobel announced that it had sold Commerce 46 to Allianz. The office building is certified ‘BREEAM outstanding’ and extends to around 14,200 m². The sale was effected viathe sale of 100% of the shares of Michael Ostlund Property S.A.

This 12-storey corner building, states Immobel in a press release, has a glass and aluminium façade allowing natural light to enter the building and providing all office floors with a high level of luminosity while keeping out the heat. The modularity and flexible design of the building lead to excellent flexibility in terms of volumes and leasing options. They go on to say that together with the highest standards of air quality, daylight, ventilation, acoustics, and thermal comfort, this makes Commerce 46 a future-proof office solution that pays particular attention to well-being and comfort.

David van Severen part of the architectural team comprising Kersten Geers, David van Severen and Jaspers-Eyers Architects) goes on to add: “The contemporary building combines comfort with high performance and energy efficiency. A private garden (230 m²) and 2 large roof terraces (620 m²) further contribute to a unique and thoroughly comfortable working environment that is supplemented by natural light. The aesthetic quality of the design and the glass and aluminium façades neatly embed Commerce 46 in the surrounding neighbourhood.”

Where environmental-friendliness is concerned, rainwater is recuperated for use in the building’s sanitary facilities and garden and the building features excellent insulation, geothermal and solar energy, and heat pumps. In terms of mobility, two underground parking levels provide space for 70 cars and 69 bikes, and electric charging points are available. The building is also close to Trône metro station, numerous bus lines and Luxembourg railway station.

JLL and CBRE advised Immobel in this transaction.