BoI buys landmark Brussels property for private clients

Bank of Ireland Private Banking has acquired a landmark property in central Brussels, the IT Tower, for approximately €70m on behalf of a number of clients.

The IT Tower is located on the prestigious Avenue Louise, a major thoroughfare in Brussels. The property was originally constructed in the 1970s and has recently been refurbished by the vendor, International Real Estate. The tower comprises 22,927 m2 over 23 floors and is multi-let to 22 tenants, including McKinsey & Co, Volkswagen, Banca di Roma and Banque de Rothschild.