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Luxembourg-based real estate investment partner REInvest Asset Management S.A. has secured the fully-let Bronze Gate office property in its home city of Luxembourg. The property was acquired for the DEREIF SICAV-FIS fund which invests in European real estate. The main investor in the Luxembourg-based real estate special fund is a major German insurance company.
The investment is around EUR 65 million. The sellers are the developers Nextensa and Promobe “Grossfeld”. Bronze Gate is set to receive a BREEAM “Excellent” sustainability certification.
The Bronze Gate office building is located at 5, Rue Charles Darwin in the new part of the Cloche d’Or quarter in Luxembourg City, a neighbourhood which is evolving with a mix of residential, working, shopping and recreational uses. The entire Cloche d’Or quarter has been awarded the German DGNB Platinum sustainability standard, which also reflects the environmentally friendly design of the overall infrastructure. The quarter will also shortly be connected by Luxtram to the tram network of the city of Luxembourg.
Bronze Gate, with its signature bronze facade, comprises six above-ground and two below-ground floors and around 5,040 sqm of rental space. It was completed in September 2022. The office property has already been pre-let on a long-term basis to the atHome Group research and brokerage company which specialises in real estate and vehicles, and the international law firm CMS DeBacker Luxembourg.
Photo (source: Guy Wolf © Grossfeld).
Source : Company