Real IS AG has concluded the sale of the office complex in Diegem on the outskirts of Brussels. The building was acquired in 2009 for the specialised real estate alternative investment fund (AIF) “BGV III”. The buyer is the Eaglestone Group. The purchase price was not disclosed.
"With each of our investments, we pursue a long-term strategy, including the purchase of 'K2' in 2009. As part of the scheduled divestment, we were able to take advantage of the changes in the market in the interests of our investors," said Axel Schulz, Global Head of Investment Management at Real IS AG.
The office property in Diegem was completed in 2008 and has a total leasable area of 17,340m², which are divided into 15,810m² of office space and 1,036m² of archive space spread across six aboveground and three underground stories. Furthermore, 405 parking spaces are available. The contract with the tenant Ernst & Young initially has a term through to the beginning of 2024, with the buyer then planning a comprehensive modernisation of the office building. Among other things, the Eaglestone Group plans to add on four storeys, with the effect that following completion in 2026 a total of some 22,000m² of leasable area will be available.
The property is located in Pegasus Park in Diegem on the outskirts of Brussels and has excellent connections to the public transport network. Thus, the airport can be reached in just a few minutes, as can Brussels city centre. The A201 and A1-E19 motorways can also be reached quickly.
