Today, Leasinvest Real Estate sold an office building of 1,750 m², located Route d'Esch 25 in Luxembourg City. The transaction has been realized for an amount of € 13 million, costs for the buyer, which represents a yield of 4.8%.
Michel Van Geyte, CEO: "Leasinvest focuses on further dynamising its portfolio by divesting older buildings and concentrating on sustainable new projects."
For more information, contact
Leasinvest Real Estate
MICHEL VAN GEYTE
Chief Executive Officer
T: +32 3 238 98 77
E: michel.van.geyte@leasinvest.be
On LEASINVEST REAL ESTATE SCA
Leasinvest Real Estate SCA is a Public BE-REIT (SIR/GVV) that invests in high quality and well-located retail buildings and offices in the Grand Duchy of Luxembourg, Belgium and Austria.
On 30/09/2020, the total fair value of the directly held real estate portfolio of Leasinvest amounted to € 1.12 billion, spread across the Grand Duchy of Luxembourg (54%), Belgium (30%) and Austria (16%).
Moreover, Leasinvest is one of the most important real estate investors in Luxembourg.
The public BE-REIT is listed on Euronext Brussels and has a market capitalization of approximately € 475 million (value 14 December 2020).
Attachment
- 2020 12 15 LRE Sale Esch_ENG_Final (https://ml-eu.globenewswire.com/Resource/Download/0b5e60ec-9a97-487e-b57a-4cea0a6f0271)
