The KanAm Grund Group has purchased the South Crystal office building in Brussels for its real estate fund, KanAm Grund European Cities KI.
The nine-story office building with 7,300 square meters of lettable space is located to the south east of the city center, in the South District of Brussels at the corner of Avenue Fonsny and Rue de Russie, directly opposite the main entrance to the Brussels-South railway station, Brussels Midi.
The main tenant of the property is INFRABEL S.A., an almost 100% state-owned company, which builds, operates, and maintains the Belgian railway network. The building’s energy performance certificate (EPC) has only just been renewed by the seller, Belgian insurance group Ethias, and is valid for 15 years. It has been agreed to keep the sales price confidential.
The KanAm Grund European Cities KI special real estate fund now holds investments in three major European cities, Brussels, Dublin, and Lyon. The South Crystal office building is only nine years old, in extraordinarily good condition and very well-maintained. Alongside the office levels, the building houses a small supermarket, a snack bar, and a crêperie on street level. The building also offers an underground car park with 34 spaces.