Publications

Transactions - OCTOBER 27, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Empereur Building office property in Brussels changes hands

by Kali Persall

Edmond de Rothschild REIM has acquired an 8,850-square-meter (95,260-square-foot) office property in Brussels on behalf of its Benelux Commercial Real Estate Fund (BCREF).

The Empereur Building is located at Boulevard de l’Empereur 3-5 in the Pentagon district. The property is leased to an established law firm and several retail tenants.

“This acquisition represents a strategic expansion of the fund within Brussels,” said Robbert Bakhuijsen, head of investment at Edmond de Rothschild REIM. “Apart from its long-term cash flows it also offers a strong reversion potential. We will continue to acquire assets in strong locations and will keep sourcing new core and core plus opportunities.”

Following the acquisition, the fund exceeded €500 million ($580 million) of gross asset value.

 

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.