Leasinvest Immo Lux SA, a 100% subsidiary of Leasinvest Real Estate SCA, has sold on March 11, 2013 an office building of 4,928 m² located at the Avenue Pasteur in the Limpertsberg District in the City of Luxembourg to one of the real estate funds of the German investment company aik Immobilien-Kapitalanlagegesellschaft mbH. for an amount of approx. €19.5 million corresponding to the fair value of the building.
The sales proceeds will be reinvested in the development of the recently acquired Rix Hotel located at the Boulevard Royal in the City of Luxembourg.
CBRE acted on behalf of the buyer.