Trinova completes first Belgian acquisition

Trinova Real Estate has completed its first Belgian deal with the €15m acquisition of the global headquarters of contracting giant BESIX at Avenue des Communautes 100, Brussels.

The acquisition is consistent with Trinova’s investment thesis since 2016, focused on income with opportunity. The building at Avenue des Communautes was completed in 1997 and has been recently refurbished. It is leased to BESIX until 2026.

“We continue to target real estate where we believe the fundamentals of the market are attractive, and as such are delighted to be acquiring a high-quality building with a very secure tenant in BESIX. We look forward to completing further projects in Belgium imminently and on an ongoing basis, in addition to continuing our multiple UK strategies” said Edmund Costello, Partner at Trinova.