aik (APO Immobilien-Kapitalanlagegesellschaft mbH), the property investment company for occupational pension funds and insurance companies, acquired an office building in Rue d'Arlon 69-71 in Brussels. The seller of the property is a real estate fund managed by AXA Real Estate.
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The total investment costs amount to approx. 7.5 million. aik was legally represented by Loyens & Loeff. King Sturge (Jones Lang LaSalle) and Allen & Overy represented the seller.
The modern asset is located centrally in the Brussels' office sub-market "Léopold Quarter", only a few steps away from the seat of the European Commission. A multitude of European institutions are located in the immediate vicinity of the Rue d'Arlon property. The extremely convenient location between Rue de La Loi and Rue Bélliard, directly at the Schuman roundabout at the heart of the European Quarter, is highly valued by many companies and lobbyists based on its immediate proximity to decision-makers of the European Union. Many embassies, for example the Embassy of Denmark which is located in the neighboring property, consulates and regional country representations are in the European Quarter.
The timeless building shows a representative lobby fitted up with natural stone. The total net floor area amounts to approx. 2,550 m² allocated to seven floors. The property is fully let to the European Union Representation of Denmark, Siemens AG and the Regional Representation of the Faroe Islands.
"The newly acquired asset in the city center of Brussels completes a successful series of aik's investments in Belgium and confirms our belief in Brussels potential in the real estate market," comments Dr. Stephan Hinsche, the spokesman of the property investment company. "We are pleased to have acquired yet another cashflow-stable core asset in Europe for the aik fund investors."
Source: aik
The modern asset is located centrally in the Brussels' office sub-market "Léopold Quarter", only a few steps away from the seat of the European Commission. A multitude of European institutions are located in the immediate vicinity of the Rue d'Arlon property. The extremely convenient location between Rue de La Loi and Rue Bélliard, directly at the Schuman roundabout at the heart of the European Quarter, is highly valued by many companies and lobbyists based on its immediate proximity to decision-makers of the European Union. Many embassies, for example the Embassy of Denmark which is located in the neighboring property, consulates and regional country representations are in the European Quarter.
The timeless building shows a representative lobby fitted up with natural stone. The total net floor area amounts to approx. 2,550 m² allocated to seven floors. The property is fully let to the European Union Representation of Denmark, Siemens AG and the Regional Representation of the Faroe Islands.
"The newly acquired asset in the city center of Brussels completes a successful series of aik's investments in Belgium and confirms our belief in Brussels potential in the real estate market," comments Dr. Stephan Hinsche, the spokesman of the property investment company. "We are pleased to have acquired yet another cashflow-stable core asset in Europe for the aik fund investors."
Source: aik
