Deka Immobilien has announced the acquisition of an office property in Brussels for its open-ended real estate fund, Deka-ImmobilienMetropolen. The property, sold by AG Insurance, represents the fund’s first investment in Belgium. Financial details of the transaction remain undisclosed. The Tervueren II office building, located in the prestigious Leopold district of Brussels, offers 7,300 square meters of leasable space and 74 underground parking spaces. Originally built in 1976, the property underwent a comprehensive renovation in 2019, resulting in a high-quality, energy-efficient facility. It has achieved a “Very Good” rating from BREEAM, the leading certification for sustainable construction. The building is fully leased on a long-term basis to Dutch law firm Loyens & Loeff, underscoring its strong tenant profile and stability. Its strategic location near key EU institutions enhances its appeal, offering tenants excellent infrastructure and connectivity. This acquisition marks a significant step for Deka-ImmobilienMetropolen, expanding its portfolio with a high-standard ESG property in the heart of Europe. Fund management seized the opportunity to secure the property under favorable purchase conditions, further enhancing the fund’s value proposition. With this move, Deka Immobilien reinforces its commitment to sustainable investments while solidifying its presence in one of Europe’s key office markets.