The groups AG Real Estate (on behalf of its parent company AG Insurance) and Macan Laine Holding SRL (represented by Macan Development SA and Queen’s Lane Properties SA), each owner of 50% of the shares, have sold all their shares in the public limited company Immobilière de la Laine SA, owner of the Tweed project, to a Luxembourg fund in joint venture with a French public financial institution.
The groups AG Real Estate (on behalf of its parent company AG Insurance) and Macan Laine Holding SRL (represented by Macan Development SA and Queen’s Lane Properties SA), each owner of 50% of the shares, have sold all their shares in the public limited company Immobilière de la Laine SA, owner of the Tweed project, to a Luxembourg fund in joint venture with a French public financial institution.
Codeveloped by the seller groups, this 12-floor, 16,500 m² office building is superbly located, just a stone’s throw away from the Place Poelart and the very prestigious Avenue Louise. The quality of the fittings, high level finishing, and interior and exterior terraces facing the Brussels Courthouse confer unrivalled prestige on this building today. A spacious, luxurious lobby on the ground floor welcomes visitors in a warm setting conducive to exchanging and sharing. A lounge area and a small catering outlet operated by Green Kitchen reinforce this quality environment.
The building should obtain a BREEAM Excellent rating, i.e. the label required by most occupants.
The marketing of the building has confirmed its appeal in terms of location and quality of space. Nearly 92% of the available floor space has already been taken up by prestigious clients such as DLA Piper, Spaces, Stepstone & Immoweb and the Société d’Investissement Régionale de Bruxelles [Brussels Regional Investment Company], all with Weighted Average Lease Break (WALB) of 10 years, and this in just 1 month, as the provisional acceptance of the project took place only in September 2021.
Tatiana Posa, Senior Transaction Manager at AG Real Estate confirms: “Newly developed buildings of this standing are a major asset for investors. Thanks to the quality of the project, we have received an interesting off-market offer. The teams in place have managed to put the necessary energy into finalizing this transaction, despite the unfavourable conditions due to COVID and the future of the office market denounced by many.”
Macan Development and Queen’s Lane Properties, shareholders of Macan Laine Holding add: “Macan Laine Holding is delighted to have been able to share its passion with all the craftsmen and personnel in the service of the spirit of the builders to bring this beautiful building to fruition, and we hope that the occupants will enjoy being there to the fullest.”
The partners in this development are in turn delighted with this transaction for which they were advised by the law firm Linklaters.
