Wednesday, 29 April 2026
Union Investment has agreed a long-term lease with Industrious at its mixed-use property “The Precedent” in Brussels, covering approximately 2,000 sq m across the first and second floors. The agreement runs for 12 years, with the tenant scheduled to take occupancy in September 2026.
“The Precedent” forms part of the UniInstitutional European Real Estate fund, which has held the asset since 2004. The latest transaction reflects continued demand for fitted and flexible office space, particularly in centrally located assets that have undergone recent upgrades.
Originally completed in 1988, the building was refurbished and extended between 2022 and 2025. The redevelopment retained the existing concrete structure, while adding a timber-built extension. The property now comprises nine floors, with internal staircases connecting several levels and designed to increase natural light penetration and interaction across floors.
Office layouts within the building are designed to be adaptable, with a focus on acoustic performance and workplace functionality. The façade incorporates dynamic glazing technology that adjusts tint levels according to sunlight exposure, supporting daylight access while reducing heat gain and glare.
Following the refurbishment, the building meets Passive House standards under Brussels’ EPB 2015 framework and has achieved BREEAM Outstanding and WELL Gold certifications.
