Alides expands its Brussels European District portfolio

Ghent, May 30th , 2023 – Alides, a leading Belgian real estate investor and developer, is pleased to announce the successful acquisition of the long lease rights to a prestigious building located on rue de la Loi 57, in the heart of the European district. The strategic deal, completed with Cofinimmo, marks yet another significant milestone for Alides as it further strengthens its presence in this key area of Brussels. 

The newly acquired building, situated adjacent to Alides’ existing Copernicus building on the rue de la Loi, adds to the company’s growing portfolio of prime properties. The choice location and unique characteristics of this building – consisting of 10,300 m2 of office space, 400 m2 of archives and 97 parking spaces, fully let to Cleary Gottlieb Steen & Hamilton LLLP, make it an exceptional asset for Alides, complementing its existing real estate developments and investment ventures in the European district. 

“We are thrilled to have secured the rights to this prominent building on rue de la Loi.” said Rikkert Leeman, CEO of Alides. “This acquisition aligns perfectly with our long-term growth strategy, allowing us to expand our footprint in the European district. We are committed to investing in and developing innovative and sustainable properties that contribute to the vibrant character of this prestigious district.” 

The acquisition of this building presents Alides with a multitude of possibilities in the longer term, enabling it to continue its commitment to urban development and revitalization, thanks to its extensive experience and focus on real estate upcycling. Alides aims to transform this property into a thriving hub that caters to the evolving needs of the European district. 

In addition to its existing buildings such as Copernicus which is let to the European Commission, and the development projects such as the Montoyer 34 and Commerce 44, Alides’ growing portfolio in the European district confirms its dedication to investing in strategic locations that contribute to the economic and social fabric of the city.  

The transaction has been advised by JLL.