Real estate investor Nextensa said the fully let 6,500sqm asset in Brussels was sold for a net price of €43.7m.
Treesquare, located at De Meeûs Square in Brussels’s European district, had been owned by Nextensa since 2004.
André Zücker, managing director of KGAL Investment Management said the property fits perfectly into the investment strategy of KGAL Core 4 Real Estate, a fund that targets core, core-plus and value-add properties in prime locations in major European cities.
The building is let to 12 companies, including Deutsche Börse, Netflix, the Embassy of Monaco and law firm Norton Rose Fulbright.
