BNP Paribas REIM acquires Brussels resi property (BE)

BNP Paribas REIM acquires Brussels resi property (BE)

BNP Paribas REIM has recently acquired Opera III residential property in Brussels. The building comprises 33 large apartments spread over eight floors, and totaling 3 848m². The purchase price was not disclosed.

 

The property is very well located in Woluwe Saint-Pierre, which is one of the 19 municipalities of the Brussels-Capital Region. This location in the south-east of Brussels is considered one of the most exclusive and greenest residential municipalities in the capital and in Belgium. Located at the edge of the Sonian forest, it conceals many green areas such as Mellaerts ponds, Woluwe park, Parmentier park, promenade of the old railway. It is mostly a well-to-do residential area, which includes the wide, park-lined, Avenue de Tervueren and the numerous embassies located near the Montgomery Square. The property is located a stroll from Stockel, close to shops and to the Woluwe Shopping Centre. Opera III is currently almost fully occupied and let to a large variety of Belgian and international clients. 

 

Casper van der Woude, Director Belux for BNP Paribas REIM, commented: “This acquisition highlights BNP Paribas REIM’s ability to source investment opportunities on an off-market basis which enables our institutional investors to diversify into other asset classes in the Eurozone. It helps strengthen the fund’s portfolio already composed of two office buildings and one residential asset in France and a logistics platform in the Netherlands.”

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