Leasinvest Real Estate SCA: Important lease in the building Mercator-High5! in Luxembourg
09 Giugno 2021 - 5:40PM
Leasinvest Real Estate SCA: Important lease in the building
Mercator-High5! in Luxembourg
New lease for an entire floor in the building
Mercator
Leasinvest Real Estate has just concluded a new rental contract
for 1,933 m2 (entire 3rd floor), with CHL – Centre Hospitalier de
Luxembourg, current tenant of a floor since last year, in the
building Mercator-High 5! located Route d'Arlon 110-112 in the
Grand Duchy of Luxembourg. The rental contract has started on 1
June and will consequently contribute for 7 months to the rental
income of the financial year 2021. The annual contractual rent
amounts to € 0.5 million. Following this newly concluded rental
contract, the occupancy rate of the building improves from 55% to
78%.
The building Mercator-High 5! has a total surface area of 8,641
m² of offices, spread across 5 floors, with 104 parking spaces, and
benefits from an outstanding location in the capital of the Grand
Duchy alongside the route d’Arlon, one of the main entry roads to
Luxembourg City. The building, rebranded to High 5!, is currently
being renovated in order to align it to the needs of a young and
dynamic public. At present, the 2nd floor is being integrally
renovated and its commercialization has started. The entrance hall
and the façade will also be renovated.
This transaction has been realised by the intermediary of
Cushman & Wakefield.
Michel Van Geyte, CEO: “This new additional
lease to a current tenant again proves the success of our
investment strategy, aiming at optimising our well-located
buildings and the introduction of new concepts that perfectly match
the needs of current users.”
For more information, contact
Leasinvest Real Estate
MICHEL VAN GEYTE
Chief Executive Officer
T: +32 3 238 98 77
E: michel.van.geyte@leasinvest.be
On LEASINVEST REAL ESTATE SCA
Leasinvest Real Estate SCA is a Public BE-REIT (SIR/GVV) that
invests in high quality and well-located retail buildings and
offices in the Grand Duchy of Luxembourg, Belgium and Austria.
At present, the total fair value of the directly held real
estate portfolio of Leasinvest amounts to € 1.13 billion, spread
across the Grand Duchy of Luxembourg (56%), Belgium (28%) and
Austria (16%).
Moreover, Leasinvest is one of the most important real estate
investors in Luxembourg.
The public BE-REIT is listed on Euronext Brussels and has a
market capitalization of approximately € 439 million (value 9 June
2021).
- 2021 06 09_LRE_Mercator location_ENG_Final