By Robb M. Stewart

MELBOURNE, Australia--Real-estate investment trust Investa Office Fund (IOF.AU) has agreed to sell its 50% interest in the Bastion Tower in Brussels for EUR54.9 million (US$68.3 million).

The company said Tuesday it anticipates net proceeds from the sale of EUR15.3 million, which it plans to reinvest in order to bolster its position in Australia's business districts.

Settlement of the sale is scheduled for February, it said.

Write to Robb M. Stewart at robb.stewart@wsj.com

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