Alternative investment firm Investcorp’s European Real Estate business has completed the acquisition of Luso Invest SA, the owner of Avenue de la Porte de Hal 27, an office occupied by the Flemish government, and Avenue Herrmann-Debroux 2, the Belgium headquarters of Marsh SA. Investcorp acquired the company from Monument Immo Management SA.
Investcorp’s European Real Estate business has to date acquired €1.2 billion of real estate assets across the UK and Europe. Investcorp’s European portfolio consists of 11 office properties across Germany, the Netherlands, Belgium, Italy and the UK, as well as 35 industrial assets in the UK.
Avenue de la Porte de Hal 27 is fully let under a long-term lease to Opgroeien, an agency of the Flemish government that is responsible for youth welfare, children and families. Avenue Herrmann-Debroux 2, meanwhile, is fully let to Marsh, a global leader in insurance broking and risk management, under a long-term lease and acts as Marsh’s Belgium headquarters.
The acquisition of these two Brussels properties follows the acquisition of the Rome headquarters of the International Fund for Agricultural Development (IFAD), a United Nations agency, earlier this year.
