Hannover Leasing, a CORESTATE Capital Group company, has advised Amundi Real Estate on behalf of its funds for the acquisition of the office and retail property Marnix 13 – 17 in Leopold business district in Brussels from a group of international investors.
Pullach, October 10, 2019. Hannover Leasing, a CORESTATE Capital Group company, has advised Amundi Real Estate on behalf of its funds for the acquisition of the office and retail property Marnix 13 – 17 in Leopold business district in Brussels from a group of international investors.
Lars Schnidrig, Chief Executive Officer of CORESTATE: “It is the second time that we advise Amundi Real Estate on the acquisition of a core asset. Advising Amundi Real Estate for their first acquisition in Belgium enables them to extend their exposure to the European market. This once again underscores the fundamental strength of our operating business.”
The office and retail complex with total lettable space of around 23,000 m² comprises a seven-storey and a nine-storey building, which were extensively renovated in 2007, 2008 and 2012 to 2014. The anchor tenants include Deutsche Bank, the World Bank and the consulting firm ICF. With an excellent occupancy rate of 98 percent, the property is almost fully let.
Sebastian Hartrott, Managing Director of Hannover Leasing: “The quality and location of the building are simply outstanding. With Marnix, we have been able to make an attractive, sustainable investment for our institutional client and once again underscore our real estate expertise in the BeNeLux region. We are also constantly reviewing investment opportunities for our investors at the pan-European level as part of our strategy.”
Marnix is located in a prime location in the Leopold business district of Brussels and in the direct vicinity of the European Parliament. There is a direct connection to the metro and railway networks.
About Hannover Leasing
For more than 35 years, Hannover Leasing has been one of the leading providers of tangible assets in Germany. A total of around 70,000 private and institutional investors have invested around EUR 10.3 billion in the group’s funds. Hannover Leasing currently manages assets amounting to 9.8 billion euros. With its subsidiary HANNOVER LEASING Investment GmbH as a capital management company (KVG), Hannover Leasing has the prerequisites to design and manage open and closed special AIFs for institutional investors as well as closed public AIFs for private investors. One focus is on the asset class real estate (national / international). Hannover Leasing is a company of the CORESTATE Capital Group (CORESTATE).
About CORESTATE Capital
CORESTATE is an investment manager and co-investor with around € 28 billion in assets under management. The company sees itself as a manager for the entire length of the real estate value chain. Thanks to its fully integrated real estate platform, it is able to offer investors a wide range of services, especially the opportunity to invest in large-scale societal trends such as urbanisation, demographic shifts or sustainability – trends that will continue to have a decisive influence on the living and working environment in the long term. The consistent focus on asset classes that will be successful in the long run constitutes a central cornerstone of the company strategy. At CORESTATE, all concepts are supported with ESG expertise that is unique to the industry. With some 800 experts, CORESTATE offers clients and investors a full range of services and consultation from a single source, from project financing and real estate management to sales. CORESTATE is listed on the Frankfurt Stock Exchange (SDAX) and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 13 countries across Europe, with offices in Frankfurt, Vienna, Zurich, Paris, Madrid and London.
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