{"id":14861,"date":"2022-02-07T07:57:14","date_gmt":"2022-02-07T06:57:14","guid":{"rendered":"https:\/\/hihinvest-gyeegbg7hxdxf8d4.a01.azurefd.net\/hih-invest-sells-the-crown-center-office-scheme-in-brussels\/"},"modified":"2025-02-13T23:03:25","modified_gmt":"2025-02-13T22:03:25","slug":"hih-invest-sells-the-crown-center-office-scheme-in-brussels","status":"publish","type":"post","link":"https:\/\/hih-invest.de\/en\/hih-invest-sells-the-crown-center-office-scheme-in-brussels\/","title":{"rendered":"HIH Invest Sells \u201cThe Crown Center\u201d Office Scheme in Brussels"},"content":{"rendered":"<ul>\n<li>Eight-storey office building with a total lettable area of 9,000 square metres<\/li>\n<li>Bought by Eaglestone Group<\/li>\n<\/ul>\n<p> <strong>Hamburg, 07. February 2022<\/strong> \u2013 HIH Invest Real Estate (\u201cHIH Invest\u201d) just sold an office building at Rue Royale 138 in Brussels to the Eaglestone Group (\u201cEaglestone\u201d). HIH Invest acquired the property in 2011 on behalf of a closed-end real estate fund. Known as \u201cThe Crown Center,\u201d it is located in the Pentagon District in the inner city. Out of the 9,000 square metres of the V-shaped eight-storey building, roughly 8,500 square metres are taken up by offices while over 500 square metres are used as archive area. The building, originally constructed in 1968, was thoroughly refurbished in 2001 and 2002. Its sole tenant is the federal Belgian agency, R\u00e9gie des B\u00e2timents. Following the end of the current tenancy, Eaglestone is planning to modernise and restructure the office scheme with a focus on sustainability. In future, the building will combine the use types office and residential. The transaction took the form of an asset deal.<\/p>\n<p>Matthias Brodesser, Head of Transaction Management International at HIH Invest, said: \u201cThe surroundings of the Crown Center have developed dynamically over the past years. We are glad to have found a buyer in Eaglestone Group who is renowned for sustainable high-end property developments.\u201d<\/p>\n<p>The property occupies a downtown site embedded in a mixed-use neighbourhood of offices, restaurants, caf\u00e9s, retail and leisure venues. \u201cRestructuring the building will give the buyer a chance to reposition it while taking the environmental guidelines of the City of Brussels into account at the same time,\u201d Brodesser explained.<\/p>\n<p>\u201cDue to environmental concerns, buildings may only be demolished in exceptional cases anymore, the modernisation of standing properties under sustainability aspects being encouraged instead,\u201d added Lea Messerschmidt, Asset Manager International at HIH Real Estate.<\/p>\n<p>The \u201cCrown Center\u201d is located inside the administrative and historic core of the Belgian capital and main institutional seat of the European Union. The central railway station (Gare Central) is only a six-minute walk (500 metres) away. The site is also very easy to reach by public and private transportation. A number of government buildings are located in the vicinity, as is the Parc de Bruxelles.<\/p>\n<p>HIH Invest was advised by JLL and Deloitte.<\/p>\n<blockquote  class=\"blockquote\"><p>  <em>\u201cThe surroundings of the Crown Center have developed dynamically over the past years. We are glad to have found a buyer in Eaglestone Group who is renowned for sustainable high-end property developments. Restructuring the building will give the buyer a chance to reposition it while taking the environmental guidelines of the City of Brussels into account at the same time.\u201d<\/em>  <strong>Matthias Brodesser, Head of Transaction Management International HIH Invest<\/strong>  <em>\u201cDue to environmental concerns, buildings may only be demolished in exceptional cases anymore, the modernisation of standing properties under sustainability aspects being encouraged instead.\u201d<\/em>  <strong>Lea Messerschmidt, Asset Manager International HIH Invest<\/strong>  <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Eight-storey office building with a total lettable area of 9,000 square metres Bought by Eaglestone Group Hamburg, 07. February 2022 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"wds_primary_category":0,"wds_primary_stadt_category":0,"footnotes":""},"categories":[117],"tags":[61,60],"stadt_category":[],"class_list":["post-14861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-hih","tag-whih"],"acf":[],"_links":{"self":[{"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/posts\/14861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/comments?post=14861"}],"version-history":[{"count":4,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/posts\/14861\/revisions"}],"predecessor-version":[{"id":26411,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/posts\/14861\/revisions\/26411"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/media\/14860"}],"wp:attachment":[{"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/media?parent=14861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/categories?post=14861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/tags?post=14861"},{"taxonomy":"stadt_category","embeddable":true,"href":"https:\/\/hih-invest.de\/en\/wp-json\/wp\/v2\/stadt_category?post=14861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}