Hannover Leasing, part of the Corestate Capital Group, has bought “Alter Domus”, a newly developed office property in Luxembourg in a club deal on behalf of Finnish mutual pension insurance company Ilmarinen and a French institutional investor. The sellers are project developer Extensa and its Luxembourg-based partner Promobe. The purchase price is in a high double-digit-million Euro range.
The office building has just been completed and is located in the heart of the new Cloche d'Or urban quarter - one of Luxembourg's main office submarkets. The multi-tenant building with a total floor space of close to 11,700m² has received a BREEAM “Very Good” sustainability rating. The property comes with 70 parking spaces. It is fully let by Alter Domus, a leading global trust service provider. Alter Domus has entered into a 12-year lease agreement without break options.
The building is part of the new Cloche d’Or urban quarter currently under construction, which will offer a mix of offices, shops, restaurants and apartments. The central train station can be reached in five minutes, the international airport in 15 minutes by car.
Dr. Michael Butter, CEO der Corestate Capital Group: “The deal is again a good example of the positive overall performance of Hannover Leasing being a part of the Corestate Group. A targeted strengthening of the management team as well as a further digitalization of our sales and distribution channels are two important next steps for the near future.”
