{"id":15784,"date":"2026-05-15T13:33:17","date_gmt":"2026-05-15T13:33:17","guid":{"rendered":"https:\/\/www.europesays.com\/be\/15784\/"},"modified":"2026-05-15T13:33:17","modified_gmt":"2026-05-15T13:33:17","slug":"pimco-lg-sued-over-e1-2-billion-brussels-skyscraper-valuation","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/be\/15784\/","title":{"rendered":"Pimco, L&#038;G Sued Over \u20ac1.2 Billion Brussels Skyscraper Valuation"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\"><a href=\"https:\/\/www.bloomberg.com\/quote\/21429Z:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Pimco<\/a> and <a href=\"https:\/\/www.bloomberg.com\/quote\/LGEN:LN\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Legal &amp; General Group Plc<\/a> have been accused of placing \u201cundue pressure\u201d on property valuers in a bitter scrap over the future of a famous Brussels skyscraper whose owner has collapsed into insolvency.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">The owner of The Finance Tower, the 142 meter (466 feet) high building located in downtown Brussels, filed a lawsuit in the English High Court in a bid to to stall an attempt by its lenders to freeze rental income, according to documents lodged in London and New York courts. The building is ultimately owned by <a href=\"https:\/\/www.bloomberg.com\/quote\/348950:KS\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">JR Global REIT<\/a>, a property investment vehicle listed in Korea that fell into insolvency last month.<\/p>\n","protected":false},"excerpt":{"rendered":"Pimco and Legal &amp; General Group Plc have been accused of placing \u201cundue pressure\u201d on property valuers in&hellip;\n","protected":false},"author":2,"featured_media":15785,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[10448,18,2914,69,7959,10447,10446,1291,29,1298,10449,10445],"class_list":{"0":"post-15784","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-brussels","8":"tag-allianz-se-reg","9":"tag-brussels","10":"tag-debt","11":"tag-europe","12":"tag-industries","13":"tag-knight-frank-llp","14":"tag-legal-general-group-plc","15":"tag-london","16":"tag-new-york","17":"tag-real-estate","18":"tag-sumitomo-mitsui-financial-gr","19":"tag-valuation"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@be\/116578851784694322","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/be\/wp-json\/wp\/v2\/posts\/15784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/be\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/be\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/be\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/be\/wp-json\/wp\/v2\/comments?post=15784"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/be\/wp-json\/wp\/v2\/posts\/15784\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/be\/wp-json\/wp\/v2\/media\/15785"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/be\/wp-json\/wp\/v2\/media?parent=15784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/be\/wp-json\/wp\/v2\/categories?post=15784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/be\/wp-json\/wp\/v2\/tags?post=15784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}