The Sale of the ENGIE Towers in Brussels to La Française

 

The sale of the ENGIE towers by PwC Real Estate to La Française Real Estate Partners, Samsung Securities and Hyundai Securities was valued at €375m.

The deal currently stands as the largest office deal in Brussels, Belgium for 2017.

La Française Real Estate Partners International, representing a group of Korean and French investors, acquired 100% of the shares of the joint venture-owned Belgian HQ of the ENGIE Group.

Financing was secured by the German Landesbank Helaba. PwC Real Estate was the trusted advisor on the sell side.

The property is comprised of two buildings – North Light and Pole Star – situated in the north of Brussels. The property has a surface of  77,000 m² and was built in 2011.

The towers are considered high-quality and green office buildings.

 

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Dirk Verheyen

Dirk Verheyen

Partner, PwC Belgium

Tel: +32 0497 05 13 49

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