Immobel, the largest listed property developer in Belgium, has sold shares of the company that owns Commerce 46, a sustainable office building in Brussels, to Allianz Real Estate.
The property is situated on the corner of Rue Belliard/Belliardstraat and Handelsstraat/Rue du Commerce in the European Quarter in Brussels. It is carbon-neutral and uses environmentally friendly forms of energy, such as geothermal energy and solar. The building has 12 floors and a surface area of 14,200 square meters (152,847 square feet).
Immobel has owned this building since 2018 and will deliver it in third quarter 2022.
“Acquiring this grade A core asset in the heart of Brussels’ stable European Quarter provides geographic diversification within our portfolio,” said Vincent Wathelet, head of Belgium and Luxembourg for Allianz Real Estate. “The scarcity of buildings of this quality in Brussels increases the resilience of the asset which is already fully let to a strong tena
