Open real estate fund WestInvest ImmoValue has acquired the Immo Charlotte project in Luxembourg. The transaction took the form of a share deal of between EUR 55 mln and EUR 60 mln. The development was sold by Ramko, Vincent Boutens and Dexia bank Belgium. The project is located in the central business district of Luxembourg. Completion is expected in early 2009, German newspaper Immobilien Zeitung reported.
Open real estate fund WestInvest ImmoValue has acquired the Immo Charlotte project in Luxembourg. The transaction took the form of a share deal of between EUR 55 mln and EUR 60 mln. The development was sold by Ramko, Vincent Boutens and Dexia bank Belgium. The project is located in the central business district of Luxembourg. Completion is expected in early 2009, German newspaper Immobilien Zeitung reported.
