On 19 December 2014 Leasinvest Real Estate, via its 100% subsidiary Leasinvest Immo Lux, has concluded a pre-letting agreement for 100% of the prestigious office building Royal20, located Boulevard Royal in the centre of the city of Luxembourg.
The rental contract has been concluded with the Luxembourg branch of the China Merchants Bank Co., Ltd., the 6th largest bank of China in assets scale.
The agreement will enter into force as of the reception of the office building Royal20, foreseen for the spring of 2016. This prestigious building designed by the renowned French architecture agency Agences Elisabeth & Christian de Portzamparc will comprise approximately 5,000 m² of office space and will respond to high energetic performance demands. The rental contract was concluded for a period of 10 years with an annual rent of € 3 million.
Jean-Louis Appelmans, CEO: "The strong interest for the building Royal20 from different qualitative prospective tenants and the conclusion of this pre-letting agreement confirm the prestige and the top location of this unique building in the city centre of Luxembourg."
For more information, contact:
Leasinvest Real Estate
T: +32 3 238 98 77
Leasinvest Real Estate SCA
Regulated real estate company (B-REIT) Leasinvest Real Estate SCA invests in high quality and well-located retail buildings, offices and logistics buildings in the Grand Duchy of Luxembourg, in Belgium and in Switzerland. At present the real estate portfolio of Leasinvest comprises 35 sites of which 18 are located in the Grand Duchy of Luxembourg, 14 in Belgium and 3 in Switzerland, with a total real estate value of nearly € 750 million.
The RREC is listed on Euronext Brussels and has a market capitalization of approximately € 464 million (value 22 December 2014).