Immobel acquires 50% stake in Brussels office scheme (BE)

Immobel acquires 50% stake in Brussels office scheme (BE)

Immobel took up a 50% stake in Brouckère Tower Invest NV, holder of the rights in rem to the Multi Tower located on Place De Brouckère/De Brouckèreplein in the centre of Brussels. Immobel acquired the shares from US investment fund DW Partners. Together with Whitewood, Immobel will continue the transformation and commercialisation of the 45,000m² office building dating from the 60s and facing Place De Brouckère/De Brouckèreplein in the centre of Brussels.

 

The project is part of Immobel’s portfolio in the Brussels city centre, a vibrant urban area in full redevelopment where the company is also developing the mixed city centre projects De Brouckère (exAllianz building) and Centre Monnaie/Muntcentrum (bpost and City of Brussels). The estimated end date for the works is Q4 2021.

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