JLL assisted GLL Office II Europa GmbH in the sale of Valim sa - JLL Belgium
Client story

JLL assisted GLL Office II Europa GmbH in the sale of Valim sa

GLL instructed JLL to sell 100% of the shares of Valim sa which owns long leasehold rights on Platinum Building, a landmark office building in the Brussels CBD offering 23.368 sqm of quality office space and 244 parking units.

January 01, 2021
Location

The property is located in the Louisa area of Brussels, part of Brussels CBD, right on the Avenue Louise.

 

 

Square Metres

23.368 sqm of offices & 244 parking units

Unique large floor plates between 1.504 m² and 1.861 m²

 

 

Industry

Offices

JLL assisted GLL Office II Europa GmbH in the sale of Valim sa which owns long leasehold rights on Platinum Building, a landmark office building in the CBD of Brussels, to BGV VII Europa Brussels SA FIIS, a fund managed by Real IS AG.

 

 

The property, which was fully renovated and repositioned in 2010, covers a rental area of 23,368 m² divided between 12 strong corporate tenants, including BNP Paribas, Bird&Bird, Louis Vuitton and Silversquare.

 

JLL acted on behalf of the vendor which was an office fund managed by Munich-based GLL Real Estate Partners, who bought the asset back in 2014.

 

Real IS AG acquired the building for €126 million for their fund BGV VIII Europa Brussels SA FIIS.