Europa Sells its Interest in a 42,000 sq. metre Office Tower Development in Brussels
Europa Fund III confirms the sale of a 0.51 hectare development site adjacent to the headquarters of the European Commission in the centre of Brussels. The development site, known as Realex, sits on the Rue de la Loi, a major thoroughfare within the European District of Brussels. The property, to comprise a 29 storey office tower, has received planning consent for the development of 42,000 sq. metres of offices. Atenor and Kingslex, in a new joint venture (90/10), have acquired the interest in a group of companies holding the property.
James Fortescue, Partner at Europa Capital, stated: “During our tenure we have been successful in obtaining planning consent for an additional 17,000 sq. metres. We are delighted that Atenor, who own the adjacent site to Realex, have now agreed to acquire our interest in this exciting development project, which we had intended for the future occupation by the European Union.”
For further information, please contact:
Gordon Simpson/Elizabeth King, Finsbury: + 44 20 7251 3801
Notes to Editors:
Europa Capital is an established real estate fund management group operating across Europe adding value through risk-based acquisition strategies and active asset management on behalf of its investors.
Since 1995, Europa Capital has collectively raised 9 real estate funds and committed to over 90 transactions totaling some €9.0 billion across 19 European countries.
The Europa Funds benefit from Europa Capital’s established network of partners across Europe who co-invest in acquisitions made by the Europa Funds. These country and joint venture partner relationships in some cases extend back more than 20 years.
Europa Capital is a member of Rockefeller Group International (“RGI”). RGI is a strategic investor alongside Management. Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Conduct Authority.
Further information can be found at www.europacapital.com.
ATENOR is a real estate property promotion company quoted on Euronext Brussels. Through our urban planning and architectural approach, we aim to provide appropriate responses to the new requirements being imposed by developments in urban and professional life. Within this framework, ATENOR invests in large scale property projects meeting strict criteria in terms of location, economic efficiency and respect for the environment.