Commerz Grundbesitz Group has acquired President, a Luxembourg commercial development project from Atenor. The project, located on a 1,35-hectare plot of land on the Kirchberg Plateau in Luxemburg, will comprise three buildings, offering a total of close to 30,000 m[sup]2[/sup] office space and 330 m[sup]2[/sup] of retail space. The real estate complex is valued above EUR 215 mln, Atenor said in a press release. The closing of the deal is expected by end May.
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