AEW has purchased three prime high street retail units leased to leading international and French brands located on the prominent Rue Neuve in the heart of Brussels. This transaction was completed on behalf of a French institutional client and marks the first retail acquisition by AEW under this mandate in Belgium.
The three units encompass a total of approximately 6,800 square meters (73,200 square feet) of retail space and are fully leased to quality tenants: Zara, one of the largest international fashion brands; Celio, the French men’s clothing company; and Lush, the popular cosmetics retailer.
Zara occupies a unit of around 5,050 square meters (54,360 square feet) at Rue Neuve 30-32, situated in a striking Art Deco-style building designed by architect Adrien Bloome in 1931. The asset is part of a larger complex neighboring the Hotel Metropole and has been continually occupied by Zara since 2000. Celio and Lush occupy around 1,050 square meters (11,300 square fe
