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Real Estate Finance | Jun 22, 2017

Office property in Brussels CBD

Acting as arranger, lender and agent, Helaba has provided a long term acquisition facility of EUR 120 Mio to Korean investors. The loan finances the acquisition of a landmark building located in Brussels CBD and fully leased to the European Parliament on a long term lease.

The property at Square de Meeûs in Brussels is a stand-alone 12-storey office building with 38.000 sqm of office space, a two-storey underground garage, and conference rooms as well as a canteen. After extensive renovations the building is in up-to-date condition providing renewed, fresh office facilities.

More than 1,000 employees of the European Parliament are working in the building, based there for parliamentary activities within the framework of domestic and foreign policy as well as for research purposes.


 

Overview 
Investment:

Office property at Square de Meeûs 8, Brussels, Belgium

Customer:Pool of retail and institutional Korean investors
Volume of finance:EUR 120 Mio.
Type of finance:Long-term loan
Role of Helaba:Arranger, Lender, Agent
Unit/department:International Real Estate Finance Continental Europe
Closing/funding:April 2017