October 10, 2019— Hannover Leasing, a CORESTATE Capital Group company, has advised Amundi Real Estate on behalf of its funds for the acquisition of the office and retail property Marnix 13 – 17 in Leopold business district in Brussels from a group of international investors.
Lars Schnidrig, Chief Executive Officer of CORESTATE: “It is the second time that we advise Amundi Real Estate on the acquisition of a core asset. Advising Amundi Real Estate for their first acquisition in Belgium enables them to extend their exposure to the European market. This once again underscores the fundamental strength of our operating business.”
The office and retail complex with total lettable space of around 23,000 m² comprises a seven-storey and a nine-storey building, which were extensively renovated in 2007, 2008 and 2012 to 2014. The anchor tenants include Deutsche Bank, the World Bank and the consulting firm ICF. With an excellent occupancy rate of 98 percent, the property is almost fully let.
Sebastian Hartrott, Managing Director of Hannover Leasing: “The quality and location of the building are simply outstanding. With Marnix, we have been able to make an attractive, sustainable investment for our institutional client and once again underscore our real estate expertise in the BeNeLux region. We are also constantly reviewing investment opportunities for our investors at the pan-European level as part of our strategy.”
Marnix is located in a prime location in the Leopold business district of Brussels and in the direct vicinity of the European Parliament. There is a direct connection to the metro and railway networks.