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| IVG acquires prime multi-let asset in Brussels IVG, a German real estate company, has acquired Estuary Properties N.V. The company is the owner of a prime multi-let asset in the heart of the Brussels CBD, just minutes walk from the European Parliament. The property is multi-let to a variety of tenants, whilst withstanding a 70% occupancy level. The transaction marks a very important milestone in the Brussels real estate investment market, which had grinded to a complete halt during the last 12 months. This deal is ever more important due to its multi-let and slight vacancy profile, a profile which has been out of kilter with most investors recently. The deal also signifies the importance of the German funds who remain the major players investing in real estate in Brussels today. write your comments about the article :: © 2009 Construction News :: home page |