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Clifford Chance advises PATRIZIA, on behalf of a South Korean consortium, with the sale of Astro Tower

13 December 2021

Clifford Chance advises PATRIZIA, on behalf of a South Korean consortium, with the sale of Astro Tower

Clifford Chance Brussels has advised PATRIZIA, on behalf of a South Korean consortium, with the sale of the company owning Astro Tower, the tallest passive building in Brussels, to Union Investment.

Thirty office stories high, Astro Tower has been part of Brussels’s skyline since it was built in 1976. Astro Tower was also the first in the Belgian capital city to achieve the highest possible energy performance certification, following its refurbishment in 2015-16. The building is strategically located along the inner ring road at the crossroads of Brussels’s three main business districts.

PATRIZIA was advised throughout the sale process by Clifford Chance (legal and tax), Savills and Knight Frank (commercial), 8Adivsory (financial) and TA Europe (technical).

The multidisciplinary Clifford Chance team advising on the deal, was led by real estate partner Henri d'Ursel, tax partner Alexandre Ooms and managing associate Ruben Vermang, and supported by Pieter De Bock, Baptiste Antoine, Alexander Tanguy, Stéphanie Reul and Inès Mahaux.