Allianz Real Estate Germany GmbH completed the acquisition of Commerce 46 in Brussels from Immobel SA.

Immobel SA is the largest listed real estate developer in Belgium. The group, which dates back to 1863, creates high-quality, future-proof urban environments with a positive impact on the way people live, work and play, and specializes in mixed real estate. With a market capitalization of approximately EUR 216 million and a portfolio of more than 1,300,000 m2 of project development in 7 countries (Belgium, Grand Duchy of Luxembourg, Poland, France, Spain, Germany and the United Kingdom), Immobel SA occupies a leading position in the European real estate landscape. The group strives for sustainability in urban development.