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E-BUILDING, MUNSBACH, LUXEMBOURG

Rynda Property Investors sourced and then co-invested with Curzon Capital Partners IV S.à r.l in the Luxembourg market and acquired a high quality office building for a price in excess of €20 million.

Asset Description:

Comprising 10,550 m2 of office accommodation arranged over up to 5 floors across 3 wings with a further 998 m2 of archives, 273 underground car spaces and 18 external car spaces. At purchase the property was 76% let to 9 office tenants and generated c. €2.5 million of passing rent with a WAULT to break of 3.0 years. The property is marginally over-rented.

Building Quality:

Highly specified building completed in 2002:

  • Rainwater recycling
  • Glass and metal and natural stone façades
  • Free height of 2.7m
  • Raised floors
  • High speeds lifts
  • Underground car parking

Rynda Services:

Rynda sourced the asset and post aquisition pro-actively asset managed the investment, leasing up the vacant floors and oversaw the prudent investment of capital expenditure.

Purchase Date: 

December 2015

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