On Thursday 15 October 2020, AG Real Estate and its affiliate Mosella Consult sold 100% of the shares in Ceryx, owner of the Charlotte building in the Grand Duchy of Luxembourg, to a fund managed by GLL Real Estate Partners.

The building, which was developed in 2013, stands out for its exceptional location in the Central Business District, at the corner of Boulevard Grande-Duchesse Charlotte and Avenue Monterey.

 

Focussed approach to reach successful result

The focussed approach of the transaction teams of AG Real Estate and GLL Real Estate Partners ensured a timely and efficient closing of this off-market transaction.

 

Olivier De Bisscop, Head of Western Europe at GLL Real Estate Partners, adds:“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.”

GLL Real Estate Partners was advised by Linklaters, BRESS, Deloitte and JLL.