Leasinvest Immo Lux SA, a 100% subsidiary of Leasinvest Real Estate SCA, has sold on 11/03/2013 an office building of 4,928 m² located at the Avenue Pasteur in the Limpertsberg District in the City of Luxembourg to one of the real estate funds of the German investment company aik Immobilien-Kapitalanlagegesellschaft mbH. for an amount of approx. € 19.5 million corresponding to the fair value of the building. The sales proceeds will be reinvested in the development of the recently acquired Rix Hotel located at the Boulevard Royal in the City of Luxembourg.
CBRE acted on behalf of the buyer.
For more information, contact:
Leasinvest Real Estate
T: +32 3 238 98 77
Leasinvest Real Estate SCA
Real estate investment trust (sicafi) Leasinvest Real Estate SCA invests in high quality and well-located offices, retail and logistics buildings in Belgium and the Grand Duchy of Luxembourg. At present the real estate portfolio of Leasinvest comprises 54 buildings, of which 37 are located in Belgium and 17 in the Grand Duchy of Luxembourg, with a total real estate value of over € 600 million.