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News Release

Brussels

JLL to exclusively advise on the sale and leaseback of five B-Aparthotels in Brussels

Serviced apartments attracting international investor attention


​Brussels, 27th  May 2015 – JLL have announced that they are to exclusively advise on the sale and leaseback of five B-Aparthotels in key city centre locations in Brussels. These serviced apartments total 204 rooms and total over 18,000 m2.

​The assets involved in the portfolio include: 

  • B-Aparthotel Grand Place:   42 rooms, 3,821 m2
  • B-Aparthotel Regent:            45 rooms, 4,017 m2
  • B-Aparthotel Ambiorix:          64 rooms, 6,443 m2
  • B-Aparthotel Montgomery:   34 rooms, 2,449 m2
  • B-Aparthotel Louise:             19 rooms, 1,530 m2 

As part of the transaction, B-Apart will continue to re-invest a significant amount of proceeds into the properties to enhance the performance and safeguard the underlying investment for the buyer. All of the assets involved in the transaction have recently undergone major capex investments or are planned to undergo ongoing investment. The sale will allow the B-Apart brand to pursue their further growth strategy, which includes another property due to open in The Hague (currently under construction) in Q1 2016.

"The serviced apartments sector is going from strength to strength and is attracting significant interest from institutional investors seeking to diversify into 'alternatives'. The B-Aparthotel Portfolio represents a fantastic opportunity for the buyer to invest in a secure, indexed linked income stream, underpinned by well-located assets and strong cash flow." Said Adam Wilson, Vice President Northern European Transactions, JLL Hotels & Hospitality Group.

The B-Apart company was founded under the brand Europart, with the first two properties Louise and Montgomery. Since then the company has successfully lead the serviced apartment sector in Brussels, adding three more aparthotels in key city centre locations to its portfolio and with plans to grow the brand on an international scale.

Interested parties are able to register their interest at http://www.jllproperty.com/hotels-en