LRI Invest, advised Knight Frank Belgium, has sold their ENOP 5 AG subsidiary, owner of the real estate asset located rue Gabriel Lippmann 9A in Munsbach. The property was built in 2004 and represents an office area of around 3,000m² plus internal and external parking spaces. LRI will lease back the property for a fixed duration of 12 years. The purchase price was not disclosed.
Christian Karkan, head of Capital Markets Belux commented: “This transaction demonstrates the very high liquidity and health of the Luxembourg office market, even for peripheral locations. In this particular transaction, the fixed duration of the lease and the quality of the tenant were key elements.”
