Ampega and Savills IM acquire prime office assets in Paris and Brussels

Ampera Asset Management, in collaboration with Savills IM, has made its initial foray into the European real estate market by acquiring two prime office buildings.

Oreima Bisart

The Paris office building, situated on Rue de Richelieu in the 2nd arrondissement, underwent a complete renovation in 2020. This modern 3,500 m2 space is fully leased for the long term to a prominent international media company specializing in luxury, lifestyle, and fashion brands. It also holds strong sustainability certifications (HQE 'Excellent' and BREEAM 'Very Good'). Oreima sold the property, with various firms like JLL, Gide, and Screeb handling due diligence, and BNPP RE advising Oreima.
In Brussels, Ampega acquired the "Arts Lux" office building in the well-known European Quarter. This property, fully renovated in 2013, boasts an "Outstanding" BREEAM In-Use sustainability certification. It offers approximately 17,300 square meters of office space and 1,100 m2 of retail space, all of which are fully leased. The seller was AG Real Estate, representing AG Insurance. Various firms, including A&O Shearman, ProGroup, and Deloitte, conducted the necessary due diligence, while CBRE advised AG Real Estate.
Both properties boast high sustainability certifications. 
Ampega plans to continue expanding its portfolio in key European cities.
Savills IM has been tasked with overseeing the investment and asset management of the office properties. Their focus will be on prime locations in major European cities like Paris, Brussels, Amsterdam, Vienna, and Luxembourg. Savills will also be responsible for managing the acquired properties.
Jürgen Weigl (head of Direct Real Estate Investments/ Finance) for Ampega Asset Management, said: "With the two acquisitions in Paris and Brussels, we have reached an important milestone and laid the foundation for building a high-quality European office portfolio. In the current market environment, we are seeing compelling opportunities to invest in core assets at attractive conditions, which supports our strategic expansion across key European cities."
David Seydt, associate director Fund Management at Savills Investment Management, added: "We are very pleased to have been mandated to build and manage the core office real estate portfolio for Ampega Asset Management. The recent market adjustments have created attractive opportunities, making this an ideal time to build a prime portfolio. With our strong on-site team in Paris and the extensive local expertise, we were able to identify the acquisitions in Paris and Brussels and secure them for the mandate."