Leasinvest Real Estate leases 100% of the building Royal20, under construction (LU)

Leasinvest Real Estate, via its 100% subsidiary Leasinvest Immo Lux, has concluded a pre-letting agreement for 100% of the prestigious office building Royal20, located Boulevard Royal in the center of the city of Luxembourg.
The rental contract has been concluded with the Luxembourg branch of the China Merchants Bank Co., Ltd., the 6th largest bank of China in assets scale.
The agreement will enter into force as of the reception of the office building Royal20, foreseen for the spring of 2016. This prestigious building designed by the renowned French architecture agency Agences Elisabeth & Christian de Portzamparc will comprise approximately 5,000 m² of office space and will respond to high energetic performance demands. The rental contract was concluded for a period of 10 years with an annual rent of €3 million.
Jean-Louis Appelmans, CEO: “The strong interest for the building Royal20 from different qualitative prospective tenants and the conclusion of this pre-letting agreement confirm the prestige and the top location of this unique building in the city center of Luxembourg.”
Source: Leasinvest

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