Leasinvest Real Estate SCA acquires a retail building of 12,000 m² in the Grand Duchy of Luxembourg
(Thomson Reuters ONE) -
On 2 December 2013 Leasinvest Real Estate, via its 100% subsidiary Leasinvest
Immo Lux, acquired 100% of the shares of a Company owning a retail building of
more than 12,000 m² with 475 parking spaces, located in the periphery of the
city of Luxemburg. This very well located retail building is leased for a fixed
term of 10 years to the German DIY group Hornbach, market leader in the Grand
Duchy of Luxembourg and the only DIY-store of this size in Luxembourg. The
acquisition value of the building amounted to ? 25.5 million, which corresponds
to the fair value based on an initial yield of 6.75%.
With this acquisition, the retail part and the part of the Grand Duchy of
Luxembourg in the consolidated real estate portfolio further increase to
respectively 42% (30/09/2013: 40%) and 60% (30/09/2013: 58%). Leasinvest Immo
Lux owns in Luxembourg more than 100,000 m² of shops in 7 regions, namely
Schmiede, Pommerloch, Diekirch, Strassen, Bourmicht, Foetz and Dudelange.
Jean-Louis Appelmans, CEO: "This acquisition represents an important extension
of our retail portfolio in the Grand Duchy of Luxembourg and perfectly
complements our strategic retail positions in Luxembourg. A peripheral retail
building of this size with an important international tenant is a rare
opportunity in this market and this acquisition is the perfect closure of a
successful year for Leasinvest Real Estate."
For more information, contact:
Leasinvest Real Estate
Jean-Louis Appelmans
CEO
T: +32 3 238 98 77
E: jeanlouis.appelmans(at)leasinvest.be
Leasinvest Real Estate SCA
Real estate investment trust (sicafi/vastgoedbevak) Leasinvest Real Estate SCA
mainly invests in high quality and well-located shops, offices, and logistics
buildings in the Grand Duchy of Luxembourg and in Belgium. The consolidated real
estate portfolio comprises 54 buildings and represents a total surface of
436,858 m².
The sicafi is listed on Euronext Brussels and has a market capitalization of
approximately ? 360 million (value 02/12/2013).
LRE_Acquisition Luxembourg_ENG:
http://hugin.info/134797/R/1747481/588373.pdf
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Source: Leasinvest Real Estate Comm. VA via GlobeNewswire
[HUG#1747481]
Unternehmensinformation / Kurzprofil:
Datum: 03.12.2013 - 17:40 Uhr
Sprache: Deutsch
News-ID 322377
Anzahl Zeichen: 2970
contact information:
Town:
Antwerp
Kategorie:
Business News
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"Leasinvest Real Estate SCA acquires a retail building of 12,000 m² in the Grand Duchy of Luxembourg"
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Leasinvest Real Estate Comm. VA (Nachricht senden)
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