Amundi Real Estate, on behalf of its funds, has acquired the Marnix office and retail building in the Leopold business district in Brussels from a group of international investors.
The office and retail complex, with a total rental area of around 23,000 m², comprises a seven-storey and a nine-storey building that have undergone two renovations in 2007/08 and in 2012-14. Its anchor tenants include Deutsche Bank, the World Bank and the consulting firm ICF. The property is virtually fully let with an excellent occupancy rate of 98%.
The Marnix is ideally situated in Brussels’ Leopold business district close to the European Parliament. It offers direct connections to the metro and railway networks.
“The acquisition of the Marnix marks our debut transaction in Belgium and is perfectly in line with our strategy to extend its exposure in key European countries”, commented Jean-Marc Coly, Managing Director of Amundi Real Estate.
Amundi Real Estate was advised in this off-market transaction by Cushman & Wakefield for commercial due diligence, Loyens & Loeff for legal and tax due diligence, and jointly with Gide Loyrette Nouel for structuring, Axxio for technical due diligence and PricewaterhouseCoopers for financial due diligence. The lead advisor on this acquisition was Hannover Leasing, part of the CORESTATE Capital Group.
Amundi Real Estate specialises in the development, structuring and management of real estate funds for retail investors, private banks, distributors, institutional investors, large companies and real estate professionals. Leader in France in terms of inflows and capitalisation in French open real estate funds (IEIF - September 2019), assets under management total €33.2 billion*.
* Amundi Real Estate data as at 30 June 2019
Fany De Villeneuve
UK - International Press Relations
Amundi is the European largest asset manager by assets under management1 and ranks in the top 10 globally. It manages 1,563 billion euros of assets across six main investment hubs. Amundi offers its clients in Europe, Asia-Pacific, the Middle East and the Americas a wealth of market expertise and a full range of capabilities across the active, passive and real assets investment universes. Clients also have access to a complete set of services and tools. Headquartered in Paris, Amundi was listed in November 2015.
Thanks to its unique research capabilities and the skills of close to 4,500 team members and market experts based in 37 countries, Amundi provides retail, institutional and corporate clients with innovative investment strategies and solutions tailored to their needs, targeted outcomes and risk profiles.
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