Ashurst advised 2L-Invest SA, a company of the Cerberus Capital Management (Cerberus)-group, on the sale of its long-term leasehold rights on the building Place de Louvain 12 to a Luxembourg real estate investor. The 19th century style office building is located in the heart of Brussels and offers a general leasable area of approximately 3,000 square meters and is fully let to the Flemish Community. The real estate investor acquired the long-term lease right through an asset sale.

The Ashurst team was led by Brussels-based real estate partner David Du Pont, who was supported by associate Jörg Heirman.

Ashurst once again advised its long-standing client Cerberus in relation to a real estate transaction. Recently, Ashurst also assisted the financial investor on the sale of a portfolio of 39 wholesale markets in Germany.