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News Release

Brussels

CBRE Global Investors sells landmark Tower in Brussels


​Brussels, 9th March 2015 –  CBRE Global Investors, acting on behalf  of the CBRE European Office fund &  the Investa Office Fund, announces the completion of the sale of 100% of the shares of  "BastionTower I SA" holding as main asset the Bastion Tower, to Schroder REIM, acting on behalf of two clients.

The 35,000 m² Bastion Tower comprises 26-storey's of office space and has a height of 100 metres, making it one of the most famous office towers in Brussels. It is located on the Place du Champ de Mars, which is within the Brussels European District. The office tower is let to tenants including Freshfields Bruckhaus Deringer, Michael Page International and the Embassy of Austria.

Bastion Tower was designed by architect Goffaux in 1965 and has been modernised several times since. The CBRE European Office fund &  the Investa Office Fund acquired the property in 2007 as part of their European strategy.

"We organized a tendering process for this office landmark property, attracting strong competition from national and international investors. The sale is also evidence of the continued interest for large core assets in Brussels by international investors." said Adrian Glatt, National Director and member of the JLL Belux Capital  Markets team.

CBRE Global Investors was advised by JLL, Cushman & Wakefield, Loyens & Loeff and Lydian.

Schroder REIM was advised by Linklaters.