The KanAm Grund Group, acting for a real estate special fund for institutional investors, has purchased the Le Corrège located on Avenue Cortenbergh in Brussels. The building comprising 6 floors above ground and around 5,200m² of space in the Leopold Quarter, is under a long-term lease to the Finnish Ministry of Foreign Affairs. The property is in direct proximity to the Council of the European Union, the Schuman Roundabout, representations of over 30 countries and more than 36 embassies. Some European Union institutions are only a few minutes’ walk or drive from the property. The purchase price was not disclosed.
Originally built in 1992, Le Corrège was most recently renovated in 2012. Alongside office, archive and storage areas, it also provides a garden and terrace and three levels of underground car parking facilities with 66 spaces. Over recent years, the surrounding area has developed into a popular residential district. The area offers numerous hotels of various categories. The Parc du Cinquantenaire with a variety of museums and leisure opportunities is right opposite the building.