German fund manager KGAL Investment Management has acquired the Treesquare office block in Brussels for its panEuropean real estate fund, KGAL Core 4 Real Estate. Financial details were not disclosed. The fully let property with approximately 6,500 sqm of leasable space is located in the centre of the European Quarter of the Belgian capital, in the immediate vicinity of the EU Parliament. The property, which was built in 2018, has a high-quality finish and achieved a BREEAM Excellent certification. The seller is Belgian real estate investor and developer Nextensa.
Treesquare is 100% leased to twelve renowned companies, including Deutsche Börse, Netflix, the Embassy of Monaco and law firm Norton Rose Fulbright.
Source: https://propertyeu.info/Nieuws/KGAL-secures-key-Brussels-office-in-European-Quarter/ff59b70c-8069-4295-93d5-97a5dbba111c, on 12 April 2023