has invested €24m in Brussels real estate for a German insurer.

It acquired a residential and commercial building in the Belgian capital’s prime retail district for an individual mandate of a German insurance company.

The asset, sold by XL Finances, includes retail and residential space and is fully let.

The 2,900sqm asset, at Chaussée d’Ixelles 60-68 within the Louise district, is considered by Triuva as a core property. 

The five-storey property was renovated in 2014.

Falling vacancy levels in Brussels and yield compression in rival European cities have put the city back in the spotlight, as Âé¶¹Ó³»­ Real Estate in its City Focus.