Catella Property Benelux assists diplomatic missions, closes two deals and has more in the pipeline

Catella Property Benelux has successfully acted on behalf of the Permanent Delegation of Turkey to the European Union in the acquisition of an office building in Brussels. The building comprises approximately 3,830 m² of office space and is strategically situated along the Avenue des Arts in the European quarter of Brussels.

Pietro Pietromarchi who was the deal team leader at Catella Property Benelux commented “It is interesting that as traditional investment deals have declined in Belgium as elsewhere in Europe, our niche in working with diplomatic missions creates sizeable deals. We have a strong order log with other diplomatic missions and should close a further deal this month”.

In May, Catella Property Benelux has also acted on behalf of Allfin; the Brussel real estate developer, to secure the Permanent Representation of Ireland to the European Union in Allfin’s building on Rue Froissart in Brussels. The building comprises 3,765 m² of office space. The Permanent Representation of Ireland to the European Union have a long term agreement giving them the right to occupy the building with the obligations as if they would be the owner.

Cédric Mali deal team leader for this transaction and Head of Letting and Sales at Catella Benelux said “I am very pleased to have been able to assist Allfin to secure the Representation of Ireland. It’s a clear indication that our relationships with diplomatic missions continues to generate activity”.

Johan Ericsson, Group Chief Executive at Catella Property Group noted “The two deals that Catella Property Benelux has closed show how our local team’s niche approach creates opportunities. I am sure that the strong position our team has in this area will lead to further deals.”

Source: Catella Property Group