Generali Lend Lease (GLL), a joint venture of Australia's lend Lease and Italian insurance firm Generali, has acquired 100% of holding company Merrion, which owns the Leopold Plaza office building in Brussels, for EUR 23mln. The seller was an unnamed Irish family. GLL Partners (Generali Lend Lease). GLL has acquired the building for its GLL BVK Internationaler Immobilien-Spezialfonds fund.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
