Patron Capital enters Belgian market with Brussels office acquisition

Patron Capital, alongside its joint venture partner Suprema, has acquired the Aramis Building, located in the corporate village in Brussels’ Airport District.

Christoph Ignaczak, investment director and senior partner at Patron Capital, said, “The Aramis building offers an excellent opportunity for us to enter the Belgian market, alongside our partner Suprema, with whom we have already worked on successful projects in Germany. The Airport District has seen continuous rental growth since 2012 and has consistently outperformed take-up activity in most CBD sub-markets. It also has strong long-term prospects thanks to new transport infrastructure, a growing trend of occupiers moving to non-city-centre locations, and limited availability of Grade A space. With the building only a third occupied, we see significant potential to attract new tenants by upgrading the space, improving the levels of service and amenity, and through active asset management.”

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