DEGI makes first institutional investment in Belgium

DEGI, the real estate investment company of German insurer Allianz Group, has purchased its first property in Belgium for its open-ended fund DEGI Global Business. The nine-storey property with 19,472 m[sup]2[/sup] of office space in Liege was purchased from Belgian company Confinimmo for EUR 31.3 mln. The property is located in the city centre and provides access to main roads and the public transport system. The majority of the office space and 1,548 m[sup]2[/sup] of archival area is let to insurer AXA.

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