Generali Lend Lease (GLL), a joint venture of Australia's lend Lease and Italian insurance firm Generali, has acquired 100% of holding company Merrion, which owns the Leopold Plaza office building in Brussels, for EUR 23mln. The seller was an unnamed Irish family. GLL Partners (Generali Lend Lease). GLL has acquired the building for its GLL BVK Internationaler Immobilien-Spezialfonds fund.
Generali Lend Lease (GLL), a joint venture of Australia's lend Lease and Italian insurance firm Generali, has acquired 100% of holding company Merrion, which owns the Leopold Plaza office building in Brussels, for EUR 23mln. The seller was an unnamed Irish family. GLL Partners (Generali Lend Lease). GLL has acquired the building for its GLL BVK Internationaler Immobilien-Spezialfonds fund.
The building, which dates from 2000, has 4,855 m2 of office space and 98 internal parking spaces. Tenants include the British Council, Novartis and British American Tobacco. Cushman & Wakefield acted for GLL.
