Savills advises Immogra on EUR20m Brussels disposal

By Property Funds World2 days ago

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Savills advises Immogra on EUR20m Brussels disposal

Submitted

13/01/2021 - 10:46am

International real estate advisor, Savills, has advised Immogra on the disposal of 3M Belgium’s headquarters located at Hermeslaan, Diegem, Brussels, for EUR20 million. The property has been sold to Perial Asset Management.

The 4,200 sq m office is let to 3M Belgium on a 10-year lease and boasts around 200 underground parking spaces. The building was custom built for the technology company who moved into the premises in 2020. The space forms part of a bigger 7ha business park development called Park 7, of which a second building of 16,000 sq m is also currently under development.

Henry Colle, Associate Director, Savills Belgium, says: “Immogra’s disposal of this key asset on the outskirts of Brussels represents a significant office transaction in the market this year and demonstrates the continued appetite from core investors for real estate assets in Belgium.”

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Lettings & Sales

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