International real estate provider Savills has completed the sale of the former offices of the Irish Permanent Representation to the European Union in the Leopold District of Brussels on behalf of the Irish Government for an undisclosed sum to Belgian developer Cobelfroi SA.
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The building received interest from over 10 parties during the bidding process.
The building, which had been vacated by the Irish Representation following its move into new headquarters earlier in 2010, totals circa 2,800 m² and received interest from over 10 parties during the bidding process. Its prominent location adjacent to the Schuman roundabout and near to the headquarters of the Council of the EU and European Commission were key factors in attracting these parties.
Additionally, recent projects around the micro-location of the Place Jourdan/Belliard have given this location additional significance as it continues to be regarded as a key position to local developers where prime office and residential projects are anticipated. Cobelfroi SA currently already owns the corner buildings on the Rue Froissart/Rue Belliard axe and further to the acquisition of the Froissart building, plans to redevelop the entire site.
Source: Savills
Additionally, recent projects around the micro-location of the Place Jourdan/Belliard have given this location additional significance as it continues to be regarded as a key position to local developers where prime office and residential projects are anticipated. Cobelfroi SA currently already owns the corner buildings on the Rue Froissart/Rue Belliard axe and further to the acquisition of the Froissart building, plans to redevelop the entire site.
Source: Savills
