BNP Paribas Real Estate Advisory Luxembourg advised the sale of Immo Leu Real Estate SA, a Luxembourg company holding the “Leon Laval 15” office building in Leudelange.
“Leon Laval 15” is located on the southern periphery of Luxembourg, between the Cloche d’Or district and Esch-sur-Alzette. Built in early 2000, it is a multi-let office with about 4,000 sq. m of office space. The building has consistently maintained a very good commercial state and occupancy.
François van den Branden, Head of Investment Belux at BNP Paribas Real Estate, says: “This transaction demonstrates the growing liquidity of the Luxembourg market beyond the central business district and decentralised districts and confirms the return of confidence for periphery markets.”
The purchaser is a Luxembourg family office active in the real estate industry.
BNP Paribas Real Estate Luxembourg exclusively advised the vendor throughout the entire marketing and selling process.