Hannover Leasing sells top Luxembourg property to Generali
Hannover Leasing has sold the head office of „Alter Domus“ in Luxembourg to a fund managed by the Generali Real Estate Group. The previous owner was a joint venture of the Finnish pension fund „Ilmarinen Mutual Pension Insurance Co.“ and another institutional investor. Hannover Leasing had acquired the property in 2018 directly after completion on behalf of these two institutions. .
„The Luxembourg office market is highly competitive with low vacancy rates and only a limited number of new buildings. With this first-class office building, we have again demonstrated our market and investor access and, above all, our long-standing asset management experience in the Benelux countries. We are very pleased that we can now hand over this top-quality, modern and long-term profitable property over to its new owner Generali.“, said René Parmantier, CEO of Corestate Capital Group.