A new benchmark for Brussels office space
Altoria, a forward-thinking real estate asset management company founded by Edouard Chatenoud, Michael Despiegelaere, and Bérenger Drouin, is rapidly shaping the future of prime office spaces in Brussels. With a strategic focus on 'core' city-center buildings that boast high visibility and tenant quality, Altoria has recently expanded its impressive portfolio with a landmark acquisition on the renowned Avenue Louise.
The Louise Center: a strategic acquisition on Avenue Louise
Altoria's latest achievement is the acquisition of the Louise Center, an emblematic office building situated on Brussels' prestigious Avenue Louise. This significant investment, valued at nearly 40 million euros, adds 15,500 m² of office space to Altoria's growing portfolio, bringing their total assets to approximately 70 million euros. This acquisition underscores Altoria's commitment to delivering top-tier commercial properties in highly sought-after locations.
Modernization & enhanced tenant experience
Understanding the evolving needs of modern businesses, Altoria has comprehensive plans to transform the Louise Center. The focus is on creating a superior work environment that combines efficiency with comfort:
Energy performance upgrades: Significant investments will be made to improve energy performance, including modernizing insulation and implementing measures to reduce overall consumption. This translates to lower operational costs and a smaller environmental footprint for tenants.
Redesigned common areas: Common spaces will be reimagined to foster collaboration and provide a more inviting atmosphere for employees and clients alike.
Flexible & convivial cpaces: Altoria plans to redevelop 1,000 m² of currently underutilized space at the rear of the building, along with a large terrace, into dynamic coworking areas or convivial zones. These flexible spaces are perfect for businesses seeking hybrid work solutions, informal meetings, or social gatherings.
Why choose prime Avenue Louise offices?
Even as the broader office market adapts to new trends like remote work and rising interest rates, prime, well-located, and environmentally high-quality buildings like the Louise Center remain exceptionally resilient. Altoria's strategy capitalizes on this resilience, offering businesses unparalleled advantages:
Prestigious address: An office on Avenue Louise provides an undeniable mark of prestige and accessibility, enhancing your company's image.
Operational efficiency: Modernized buildings with improved energy performance mean lower utility bills and a commitment to sustainability.
Employee well-being: Redesigned common areas and flexible coworking spaces contribute to a more engaging and productive work environment.
Strategic growth: Altoria's active management and optimization potential mean these properties are not just spaces, but strategic assets for your business growth.
Altoria's robust support & vision
Altoria is backed by strong financial partners, including the Philippson family (via PIC1871), other prominent families, and institutional investors like Caisse d’Épargne Hauts de France, with financing from BNP Paribas and Degroof Petercam. This robust support enables Altoria to execute its vision swiftly and effectively, positioning them to seize opportunities in the market. As institutional investors recalibrate, Altoria, as a private player, is poised to quickly reposition and optimize high-quality assets, ensuring a steady supply of premium office spaces for discerning businesses.
Source: trends.levif.be
