Our Luxembourg investment team has successfully advised Fidentia Real Estate Investments S.A. in the sale of Faience SA, the company holding an office building in the Limpertsberg district.

BNP Paribas REIM on behalf of its Next Estate Income Fund III (NEIF III), managed by BNP Paribas REIM Luxembourg agreed with Grossfeld PAP on the sale of the Kockelscheuer office project in Luxembourg. The property is expected to be delivered in Q1 2022 and aims at granting a BREEAM Excellent green certification. The five-storey office building features approx. 4,090 sqm of office lettable area fully let under a firm 12-year lease agreement.

BNP Paribas REIM is delighted to announce the signing of a lease extension with a large French Bank at Glacis (Luxembourg). The bank subsidiary, which is dedicated to investor services, has signed a 3,600-sqm lease extension for a 6-year firm period.

Fifth Wall, the largest venture capital firm focused on real estate technology, has partnered with BNP Paribas Real Estate to launch its business in Europe with the Fifth Wall Real Estate Technology European Fund (the “Fund”), its first European Proptech fund.

As the world is going through an unprecedented crisis, it is important to recognise the resilience of the real estate market and its contribution to the economy. During these challenging times BNP Paribas Real Estate, as a leading international real estate provider, has continued to support its staff and clients and despite of the slowing market, the business has successfully secured major deals all over Europe.