PATRIZIA Immobilien has acquired an office building in Brussels for €90m on behalf of a Swiss institutional investor. Located in the Belgian capital’s CBD, the property has a gross lettable area of 17,237 sqm and is 98% let to the European Commission with a WALT of greater than 10 years. This building, located in the Leopold area, was heavily renovated in 2013 and offers 12 upper floors including a top floor terrace with cityscape views. The property has three further underground floors, providing car and motorcycle parking space as well as cycle storage. The property also includes two ground floor retail units.
