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Cushman & Wakefield advised NXMH on the sale of Arts 53 – off-market transaction

Cushman & Wakefield successfully advised NXMH on the sale of the Arts 53, a multi-tenant office building, to Dassault Belgique Aviation in an off-market transaction.

Arts 53 is a multi-tenant office building located on the Avenue des Arts in Brussels, in the very heart of the Leopold Area.The property is almost fully let to prime tenants such as CER, AmCham, EDF, Deutsche Telecom, …

The 5.600 m² asset was fully refurbished in 2001 and is currently undergoing refurbishment.

“The Arts 53 building benefits from all the parameters currently sought-after by investors, namely a central location in the Leopold CBD and a diversified and secure rental state with quality tenants.” explains Michael Despiegelaere, Partner on the Capital Markets Team at Cushman and Wakefield.

This is the second time in a row that Cushman & Wakefield has sold the property since acting as sell-side agent for IVG (TRIUVA) in 2013.