Trinova acquire two prime office buildings in Brussels with Investcorp

 In Insights

Trinova have announced the acquisition of Luso Invest SA on behalf of Investcorp which holds two office buildings in Brussels. The seller was Monument Immo Management SA.

The buildings at Porte de Hal 27 and Boulevard de Souverain 65 are fully let on long leases to the Flemish Government (department of youth welfare, children and families) and Marsh Insurance (who occupy the building as their Belgian headquarters) respectively.

Porte de Hal 27 is situated close to the historic CBD of Brussels and Midi train station, which offers the best international train connections in Belgium.

Boulevard Souverain 65 is situated in the affluent suburb of Auderghem with plentiful amenities close by, and is adjacent to the metro station Hermann-Debroux

Edmund Costello, Partner at Trinova commented “We are delighted to have closed this project with our partners at Investcorp during a challenging period for European real estate. We look forward to working to enhance both buildings and building strong working relationships with both occupiers”

Tom Martin, Vice President at Investcorp European Real Estate added “We are excited to add these two assets to our portfolio. Well located and connected office buildings, with modern facilities and resilient environmental design, offer stable and long term income with potential for capital uplift. These acquisitions demonstrate our ability to use our network and long-term relationships to source attractive opportunities for our investors”

CMS advised the purchaser. CBRE and Simmons & Simmons advised the seller.