Tishman Speyer has announced the acquisition of 13-17 Avenue Marnix, Brussels, its first acquisition in Belgium. The property is located in the Leopold area of Brussels, in close proximity to the main European Parliament buildings.
The building complex serves as Deutsche Bank's Brussels headquarters and includes approximately 18,100 m² of office space; 2,600 m² of storage area; five
retail units totalling 1,300 m² in area; and 150 car parking spaces.
The property was acquired from DEKA, the German open-ended fund and becomes the eleventh property acquired in Tishman Speyer's European Strategic Office Fund,
a core fund that has in excess of €1.4 billion of assets in London, Paris, Milan, Hamburg, Munich, and now Brussels.
Commenting on the deal, Michael Spies, Head of Europe for Tishman Speyer, said: "We are very pleased to be entering the Brussels market, clearly a leading political, cultural and commercial center. We see this as an opportunity to bring our experience to enhance value in the property, which will sit very nicely in our
European Core Fund."
Source: Tishman Speyer