Brussels’ Blue Tower has been sold by Morgan Stanley Real Estate Investment GmbH, advised by Savills and BNP RE, to Belgian REIT Befimmo for €78.5 million in the largest multi-let office deal since 2008.
The property is a prime asset in Brussels’ Louise office district, located in Av. Louise 326 in the city’s CBD.
The 24-floor building comprises 23,909 m² of office space with 329 m² of lettable retail space on the ground floor, as well as 3,679 m² of archive space and 335 underground parking units. It is BREEAM certified and tenants include LVMH, EDF, Bain & Company, Lazard, Heidrick & Struggles and Olswang.
Gregory Martin, Managing Director at Savills Belux, says: "The Blue Tower is a trophy office building in the Belgian capital with a very stable income and is located in the most important business district of Brussels. This represents the most significant multi-let office investment transaction in Belgium since 2008."
The Louise office district is the high end business hub of Brussels, which provides a good mix of retail, restaurant and office buildings.