Belgian REIT Leasinvest Real Estate has acquired two office buildings at EBBC in Luxembourg for a total of €64.1 mln.
The acquisition of buildings A and C represents an initial yield of 6.25%.
The EBBC business park consists a total of six office buildings comprising 26,000 m2, and benefits from its location in the Luxembourg Airport district, within walking distance of the international airport.
Savills Luxembourg executed the deal on behalf of the Belgian REIT.
'This deal represents a strategic acquisition for our client in Luxembourg,' said Régis Luttmann, managing director, Savills Luxembourg.
'The two office blocks, which are both 100% let, provide a robust return on investment and make Leasinvest to the majority shareholder of the office complex.'