Leasinvest Real Estate sell office building in Kiem

for EUR6.3m

On 16 March 2015, Leasinvest RealEstate sold the office building Kiem located rue Kiem in Strassen in the Grand Duchy of Luxembourg to a private investor for an amount of € 6.3 million (excluding costs), which corresponds to the fair value.

The building comprises 1,700 m2 and 50 parking spaces, and is located in the periphery and is part of a complex of 3 similar office buildings located between the route d’Arlon and the rue Kiem. The occupancy of the building was only 20% and it is not considered as strategic.