Brussels-based investor Queen's Lane Properties has sold a modern and well-located residential building in Sint-Jans-Molenbeek to Antwerp-based investor Buysse & Partners. The property of 33 apartments and a nursery is located on Dubois Thorn Street and was the subject of an asset deal. The transaction was advised by the investment team of BNP Paribas Real Estate. The building dates from 2014, has very favorable energy certificates and is currently 100% leased. Expertise estimates the value of the investment at 8.5 MEUR.

Buysse & Partners is making acquisitions for the Buysse & Partners Smart Living (BPSL) residential real estate fund, which it set up this year and which aims to build up a portfolio of EUR 200 million over the next three years, consisting of a thousand apartments, including existing properties as well as properties under construction in the Brussels and Antwerp suburbs. It has already invested in Clos d'Elsa in Anderlecht, Célidée in Molenbeek and 145 Lange Leemstraat in Antwerp (22 apartments), where a Jumbo supermarket will soon be installed.