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.
Corestate subsidiary Hannover Leasing sells top Luxembourg property: Alter Domus head office sold to Generali
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Real Estate/Disposal
12.05.2021 / 07:00
Corestate subsidiary Hannover Leasing sells top Luxembourg property: Alter Domus head office sold to Generali
Premium property in a prime location in the Cloche d Or development district
Total leasable area of 11,700 m²
BREEAM Very Good certification
Frankfurt/Main, 12 May 2021. Corestate subsidiary 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.