Core capital is back | A reference office deal in Brussels

JLL has successfully advised on the sale of the company owning The Muse, a best-in-class office development in the heart of Brussels' European District, to a European family office.

The Muse is a newly developed, state-of-the-art building of approx. 10,450 sqm, long-term leased to the European Defence Agency under a 15 years usufruct agreement. The asset targets the highest ESG credentials - BREEAM Outstanding, PEB A, EU Taxonomy aligned and WELL Platinum.

This transaction sets a new benchmark for the Belgian investment market and sends a strong signal: prime, ESG-compliant, long-income core product with a AAA covenant continues to attract international capital, even in a selective environment. It sets the tone for what we expect to be a more active 2026 for Belgian investment markets.

A huge thank you to Immobel for the trust placed in our team and to the buyer. Proud of the JLL Capital Markets BeLux team and our EMEA colleagues who led this deal to a successful close.