11 May 2016

Sale of "Leon Laval 15 " in Luxembourg

BNP PARIBAS REAL ESTATE ADVISING ON THE SALE OF LEON LAVAL 15 IN LUXEMBOURG

BNP Paribas Real Estate Advisory Belgium advised the sale of Immo Leu Real Estate SA, a Luxembourgian company holding the “Leon Laval 15” office building in Leudelange.

 The “Leon Laval 15” is located in the southern periphery of Luxemburg in between the Cloche d’or district and Esch sur Alzette. It is a multi-let office built in early 2000 developing ± 4.000 m² of offices which has consistently maintained a very good commercial state and occupancy.

Allan Tait, Senior Investment Advisor at Paribas Real Estate says: “This transaction demonstrates the growing liquidity of the Luxemburg market beyond the CBD and decentralised districts and confirms the return of confidence for periphery markets”

The value of the transaction is confidential. The purchaser is a Luxemburgean Family office active in the real estate industry.

BNP Paribas Real Estate Luxemburg exclusively advised the vendor through the entire marketing and selling process of the company

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