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Case Study

​JLL was instructed by Hannover Leasing to assist them in the acquisition of the Belair property in Brussels

JLL was instructed by Hannover Leasing to assist them in the acquisition of the Belair property in Brussels. Hannover Leasing is an international investor and one of the leading providers of closed end funds in Germany. 

This is a landmark office building totalling ± 80.000 m² with 65.000 m² office space, 14.000 m² of multifunctional and archive space below ground and 1.000 m² of other uses. The building was delivered in December 2013 and obtained a BREEAM ‘very good’ certification. It is 18 years let to the Belgian Federal Police with no early termination options. Owners were a consortium consisting of Breevast (60%) and Immobel (40%). 

JLL managed to attract a major Asian institutional investor as co-investor in this acquisition and the building was successfully acquired at a price exceeding € 300 million.

​For more information, please contact Jean-Philip Vroninks (+32 2 550 28 80)

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