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Leasinvest Real Estate SCA: Sale of Pasteur office building in the Grand Duchy of Luxembourg


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-03-12 07:33:55 -

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
Jean-Louis Appelmans
CEO
T: +32 3 238 98 77
E: jeanlouis.appelmans@leasinvest.be



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. The sicafi is listed on Euronext Brussels and has a market capitalization of approximately € 300 million (value on 8 March 2013). Leasinvest RE_Sale Pasteur: hugin.info/134797/R/1684503/551583.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Leasinvest Real Estate Comm. VA via Thomson Reuters ONE [HUG#1684503]


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