Bruvaco acquires Galerie Toison d'Or from an institutional investor. The famous shopping arcade in Brussels was built in 1959 at the instigation of the Gillion family, who bought plot by plot at the time. In 2004, the family sold 50% of the gallery to the Dutch banking group ING. After major three-year renovation works at a total cost of €20m, the gallery reopened its doors in 2010.
In 2012, an institutional investor acquired Galerie Toison d'Or. From 2018 to 2022, this investor carried out a major rebranding, in which the facade and the inside of the gallery were completely renewed.
Now Galerie Toison d'Or is once again in Belgian hands. The gallery has a facade width of 60 metres along the Avenue de la Toison d'Or, and a total retail area of 15,000m². Galerie Toison d'Or has about 40 retailers, including Fnac, Tommy Hilfiger and Maisons du Monde, and welcomes more than 3 million visitors every year.
Bruvaco was assisted in this acquisition by Cushman & Wakefield's Capital Markets Retail team.
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