IVG Real Estate Belgium has transferred the leasehold rights and the bare ownership of the “Tervuren Plaza” building (10,000 sqm – Brussels) to aik (APO Immobilien-Kapitalanlagegesellschaft mbH), a property investment company for occupational pension funds and insurance companies.

The property is located on the prestigious avenue de Tervuren facing the “Palais Stoclet” and is fully let to tenants of good credit-rating.

The total transaction cost amounts to approx. EUR 21 million.

IVG Real Estate Belgium was represented by Anixton, an independent consulting company offering corporate real estate solutions and by Clifford Chance LLP for the legal aspects of the transaction.

Bron: Anixton