Contacts


Sale and lease back in Luxembourg

06 January 2020

Knight Frank Belgium advised LRI Invest in the sale of their ENOP 5 AG subsidiary, owner of the real estate asset located rue Gabriel Lippmann 9A in Munsbach.

he office building was built in 2004 and represents an office area of around 3,000 sq.m plus internal and external parking spaces. LRI will lease back the property for a fixed duration of 12 years.

The investor is Square Mile 4 S.A. a 100% subsidiary of a Belgian pension fund who already owns real estate investments The Netherlands, Luxembourg and Belgium.

Kairos Advisors SA acted on behalf of the Purchaser.

LRI Invest, a subsidiary of Apex Group Ltd., was advised by Knight Frank Belgium in the context of an exclusive sales instruction.

Christian Karkan, head of Capital Markets Belux commented: “This transaction demonstrates the very high liquidity and health of the Luxembourg office market, even for peripheral locations. In this particular transaction the fixed duration of the lease and the quality of the tenant were key elements.”