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17 August 2017

BNP PARIBAS Real Estate advises in "Lavallée" building sale in Brussels (1080)

BNP Paribas Real Estate advised AXA Investment Managers – Real Assets during the sale of the “Lavallée” building in Brussels (1080).

BNP Paribas Real Estate advised AXA Investment Managers – Real Assets during the sale of the “Lavallée” building in Brussels (1080).

The building sits opposite Place Sainctelette, at the junction of the Centre and Nord districts.

This strategic location offers fast, easy access by public transport to Brussels city centre and is close to Bruxelles-Nord station, which links the capital to the European rail network.

Built in 2005, the building has seven floors (ground floor + 6) offering 14,524 m² of offices, 137 parking spaces and 1,176 m² of archive storage.

The buyer, ECRE Belgique 1, is a new specialist real estate investment fund (FIIS) represented by the London-based Maple Knoll Capital. This is the latter’s first purchase on Belgian soil. BNP Paribas Real Estate Belgium will be responsible for managing the building.

BNP Paribas Real Estate and Cushman & Wakefield were joint sales advisers for AXA IM – Real Assets, who were acting on behalf of their client.

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