Download Real I.S. acquires office building in Brussels for BGV VI

Press Release
Real I.S. acquires office building in Brussels for BGV VI

Investment featuring fully let office space of 14,200 square metres

High credit rating of the anchor tenant

Upgrading of the location and revitalisation in the South (Midi)
submarket
Munich / Brussels, 17 November 2016: Real I.S.has purchased “South City Fonsny”, a fully
let office property in Brussels, Belgium, for its Real I.S. BGV VI special AIF. Four tenants are
in residence in an overall rental area of 14,200 square metres. The anchor tenant of the
property located in the Avenue Fonsny 20-28 is SMALS, a non-profit association operating in
the IT development and consultancy business and jointly shared by several public-sector
organisations.
“The superior quality of the property, its excellent location in the centre of the Brussels
metropolitan region, as well as the high credit rating of the anchor tenant, which is
comparable to a public-sector institution, were compelling arguments for us,” stated Georg
Jewgrafow, Chief Executive Officer of Real I.S AG. “As the seat of the European
Commission, of the European Parliament and NATO, Brussels is especially characterised by
its public and business-related service sector, which is also reflected in the strong demand
for office space,” Jewgrafow explains.
The eight-storey property built in 2009 is located in the South (Midi) office submarket. This
district is known in particular for the stable development of its letting market and very low
vacancy rates. In addition, a municipal development plan was approved through to the year
2030, which will enhance the location further. Plans include the redesigning and revitalisation
of the station as well as retail and living areas.
Alongside the office space, the ground floor houses three retail units used as restaurant
facilities. The two-level underground car park provides 73 parking spaces. The building is
within walking distance of Brussels Central Station, with connections to international express
trains, the underground and trams.
The South City Fonsny office building represents the ninth investment of BGV VI. The
acquisition of the property makes a targeted contribution in respect of country and usage
allocation to the Core and Core+ investment strategy. The fund’s country allocation provides
for a share of the Benelux countries of up to 40 percent in the overall portfolio after the total
volume envisaged has been invested. Almost 50 percent of this has been achieved through
this property. In Germany, BGV VI is invested in the cities of Berlin, Munich, Bonn, Rostock
and Buchholz near Hamburg. In the Netherlands, Bayerische Grundvermögen VI special AIF
comprises several properties in Amsterdam and a logistics property in Moerdjik. The fund
has also bought properties in Dublin, Ireland and in Brussels, Belgium.
About the Real I.S. Group
The Real I.S. Group has a track record of more than 25 years as BayernLB’s fund provider specialised
in real estate investment. As a member company of the Sparkassen-Finanzgruppe (group of German
savings banks, Landesbanken and associated companies), the Group ranks among the leading asset
managers in the German market. Along with Alternative Investment Funds (special AIFs and closedend mutual AIFs), the range of products and services comprises customised fund solutions, club deals
and joint ventures. The company has assets of € 6.8 billion under management. The Real I.S. Group
has two licensed investment management companies (KVGs) established under the German
Investment Code (KAGB) and operates subsidiaries in France, Luxembourg and Australia. More
information is available on the company's website at www.realisag.de.
Contacts:
Real I.S. AG
Innere Wiener Straße 17
81667 Munich
Germany
Markus Lang
Tel.: +49 (0)89 489082- 220
Fax: +49 (0)89 489082- 295
e-mail: [email protected]
Birgit Lehmann-Schraut
Tel.: +49 (0)89 489082- 226
Fax: +49 (0)89 489082- 295
e-mail: [email protected]