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Report: Breevast in talks to sell Brussels office tower for more than €1.3B

Dutch property company Breevast BV is in exclusive discussions with an investor consortium including European asset manager The Valesco Group and Seoul-based AIP Asset Management for the sale of its 36-story Finance Tower office building in Brussels for more than €1.3 billion, Bloomberg News reported, citing people with knowledge of the matter.

Negotiations between Breevast, which is being advised by CBRE Group Inc., and the Meritz Securities Co. Ltd.-backed venture are in progress, sources said. The property is leased to the Belgian government for more than 15 years.

Meritz representatives did not respond to calls seeking comment from the news outlet. A Valesco spokesman declined to comment to Bloomberg News, and a Breevast spokesman was not immediately able to comment.