A fund managed by Macquarie’s GLL Real Estate Partners has acquired a 5,000sqm office asset in Luxembourg.
In a joint statement, GLL Real Estate said AG Real Estate and its affiliate Mosella Consult have sold Ceryx, the owner of the Charlotte building. Financial details were undisclosed.
The Charlotte building, developed in 2013, is located at the corner of Boulevard Grande-Duchesse Charlotte and Avenue Monterey.
Tatiana Posa, senior transaction manager at AG Real Estate, said: “We are delighted to have been able to respond quickly and positively to the offer made by GLL Real Estate Partners. In a short time, we mobilised our internal teams to complete this transaction.
“We are also very proud to have been able to quickly redirect, in a delicate period to work, our strategy to meet the needs of our shareholder.”
Olivier De Bisscop, head of western Europe at GLL Real Estate Partners, said: “This acquisition fits perfectly within our sustainable strategy to invest in highly qualitative assets and we are pleased to add this investment to our client’s portfolio.
“This transaction confirms GLL’s ability to identify and efficiently execute on unique opportunities, despite the global pandemic.”
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