Atenor has reached an agreement for the sale of the Luxembourg company Naos to two institutional investors. The purchase price was not disclosed. Naos is currently constructing the building with the same name, located in the heart of the "Square Mile" in the new residential and commercial development centre of Belval, in the municipalities of Esch-sur-Alzette and Sanem. This building will offer more than 14,000m² of offices and shops, benefiting from the latest technological advances and a BREEAM environmental certification.
The building will house the parent company of the Arηs computer group as well as the consulting, auditing, accounting services and tax consultancy company A3T. These two companies will together occupy at least 60% of the building's area. Given their continued growth, this percentage is expected to increase further. The effective sale of Naos remains subject to the agreement of 100% of the shareholders of Naos and the finalization of the terms of the sales agreement.
In addition, the sales agreement will contain the standard conditions precedent for the completion of the works and its delivery to its tenants (scheduled for September 2019). This sale will have a favourable impact on Atenor's 2018 and 2019 results, along with the lines of the information provided when the half-year results were published on 30 August 2018.
