Insurer AXA's Belgian arm has acquired the Galerie Kons mixed-use project in Luxembourg from developers Immobel, Besix Red and CLI for around €150 mln.
Insurer AXA's Belgian arm has acquired the Galerie Kons mixed-use project in Luxembourg from developers Immobel, Besix Red and CLI for around €150 mln.
The project comprises 20,500 m2 above ground, including 14,600 m2 of offices, 2,400 m2 of retail space and 3,500 m2 of housing.
A total of 10,000 m2 offices has been pre-let to ING with a long-term lease. The Dutch financial giant will relocate its Luxembourg headquarters to the complex on delivery in the second semester of 2016.
Around 1,800 m2 of retail space has also been pre-leased to retailer Primavera.