Real I.S. AG has acquired the company owning the fully let Platinum office building located on Avenue Louise 231–235 in Brussels for its BGV VIII Europa fund.
The property, which was fully renovated and repositioned in 2010, covers a rental area of around 26,600 square meters (286,320 square feet) divided between 12 tenants, including BNP Paribas, Bird&Bird, Louis Vuitton and Silversquare. The vendor was an office fund managed by Munich-based GLL Real Estate Partners. Tribeca AIFM was the local partner for this acquisition. “Platinum” is the seventh property the Real I.S. funds manage in Brussels.
“The property meets the investment criteria for our ‘BGV VIII Europa’ fund: The building is located in the prestigious Avenue Louise in the heart of Brussels and is let long term. It fulfills all the requirements placed on a contemporary and attractive office property,” said Axel Schulz, global head of investment management at Real I.S. AG.
The German
