On 16 March 2015 Leasinvest Real Estate has sold the office building Kiem located rue Kiem in Strassen in the Grand Duchy of Luxembourg to a private investor for an amount of € 6.3 million (excluding costs), which corresponds to the fair value. The building comprises 1,700 m2 and 50 parking spaces.

The building is located in the periphery and is part of a complex of 3 similar office buildings located between the route d'Arlon and the rue Kiem. The occupancy of the building was only 20% and it is not considered as strategic.

 

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

Regulated real estate company (B-REIT) Leasinvest Real Estate SCA invests in high quality and well-located retail buildings, offices and logistics buildings in the Grand Duchy of Luxembourg, in Belgium and in Switzerland.

At present the total fair value of the direct held real estate portfolio of Leasinvest amounts to over € 750 million spread across the Grand Duchy of Luxembourg (59%), Belgium (36%) and Switzerland (5%). Leasinvest is the largest real estate investor in Luxembourg.

The total portfolio is invested in retail (45%), offices (35%) and logistics (20%).

The RREC is listed on Euronext Brussels and has a market capitalization of approximately € 450 million (value 17 February 2015).
LRE Divestment Kiem Luxembourg:
http://hugin.info/134797/R/1904603/677574.pdf


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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Leasinvest Real Estate Comm. VA via Globenewswire
HUG#1904603