Immobel has completed the sale of the BREEAM outstanding office building known as Commerce 46, through a share deal. Located at the heart of the European quarter in Brussels, the 14,200-m2 asset was acquired by Allianz.
The 12-storey corner building has a glass and aluminium façade allowing natural light to enter the building and providing all office floors with a high level of luminosity while keeping out the heat.
Vincent Wathelet, head of Belux for Allianz Real Estate, commented: 'Acquiring this Grade A Core asset in the heart of Brussels’ stable European Quarter provides geographic diversification within our portfolio and Commerce 46 reflects the model of the future office in which we want to invest – a prime location combined with the latest technology as well as the highest sustainability performance standards. We thank the Immobel team for their execution and professionalism in the delivery of this asset.'
JLL and CBRE advised Immobel in this transaction.