Knight Frank's Belgian unit acted as adviser on the sale of a prime office building in the central business district of Brussels last year by Belgian listed company Cofinimmo to Germany's APO Immobilien-Kapitalanlagegesellschaft (AIK). Clifford Chance acted as legal adviser.

As announced previously, the asset, which was acquired for a sum of EUR 25 mln, is strategically located near the European parliament and was completely renovated in 2002. The four-storey building with an historical façade and a new, adjoining, eight-storey building offers a total of 7,985 m2 of usable area as well as an underground parking lot with 86 spaces. The complex is entirely let to the Flemish government.

AIK is an associated company of the Deutsche Apotheker- und Ärztebank, Germany’s leading financial service provider in the health care sector, and acts as a real estate investment company for occupational pension funds and insurance companies. The asset is earmarked for one of the company's special property funds.