Leasinvest Real Estate finalizes the sale of the office building Royal20 in the Grand Duchy of Luxembourg

On 30/06/2016, and according to planning, the 2^nd notarial deed with regard to the future sale (1) of the delivered office building Royal20, located boulevard Royal in the center of the city of Luxembourg in the Grand Duchy of Luxembourg, was executed, for an amount of € 62.5 million (ex-VAT) (2) to a private investor. The building is entirely let following a rental contract concluded end-2014 (1).

The successful realisation of the office building Royal 20 upon schedule is a perfect example of the audacious and calculated entrepreneurship of Leasinvest Immo Lux to turn the old Hotel Rix into a landmark on the Boulevard Royal. The magnetism of this diamond-shaped new office building designed by the renowned French architectural firm Christian de Portzamparc will become a strong architectural reference for the City of Luxembourg.

Leasinvest Real Estate and its 100% subsidiary Leasinvest Immo Lux wish to develop high-quality and sustainable buildings with which tenants can identify and has the desire to thus differentiate itself from other office buildings on offer. With regard to the community and the real estate market, we wish to confirm our role as a creative real estate investor.

Jean-Louis Appelmans, CEO: "Leasinvest is proud for having realized the office building Royal20, because it is one of our most beautiful realizations and the best example of the way in which Leasinvest Real Estate creates value, not only for its shareholders, but also for the environment the company operates in."