JLL Capital Markets team assists Athora Belgium SA in portfolio sale

Athora Belgium owned 100% of the shares of Generali Real Estate Investments B.V., in its turn owner of a portfolio of 7 office assets in Belgium with value creation potential, including one of the most iconic assets in Brussels CBD, the Louise Tower.  

The portfolio was let to 43 different tenants with quality covenant which offered an interesting combination of income producing assets and assets with huge development potential.

JLL acted as sales advisor for Athora conducting a competitive bidding process attracting multiple bids from a wide range of local and international investors and developers and leading to a successful disposal in March 2020. The shares of the company Generali Real Estate Investments B.V. were sold for a value representing a property value of € 190 million to a fund managed by Patrizia AG.