Sienna Real Estate sells office complex of 70,000 sqm’s in Brussels on behalf of South-Korean Investors

Sienna Real Estate advised South-Korean investors in the sale of the “Egmont I & II” office complex to Union Bancaire Privée. The transaction was structured as a sale of the shares of the company holding the long-term leasehold over Egmont I & II.

The complex consists out of two separate office buildings with a total surface of c. 70,000 sqm and is located in the historical heart of Brussels, adjacent to the prestigious Sablon. The property is fully let to the real estate department of the Belgium federal state (Régie des Bâtiments) and fully occupied by the Ministry of Foreign Affairs, Foreign Trade and Development Cooperation.