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VERTIGO, LUXEMBOURG

Rynda has co-invested with Starwood Global Opportunity Fund X (SOF X) in the Luxembourg market and acquired two Class A office buildings for a gross headline price of €120 million.

Asset Description:
Comprising 26,295 m2 across two buildings, totalling 24,309 m2 of office space and 1,986 m2 of archives, 194 parking spaces and a zoned land plot which could accommodate up to a further 3,000 m2 of office space. At purchase the asset was 83% occupied by highly credit worthy tenants with a WAULT to first break of 4.3 years.

Building Quality:
Highly specified , grade A, prime buildings completed in 2010:

  • HQE certified
  • Rainwater recycling and heat recovery systems
  • Glass and natural stone façades
  • Free height of 2.7m
  • Raised floors
  • High speeds lifts
  • Underground car parking

Purchase Date:   Q3 2015

Purchase Price:   €120m

Rental Income:   c. €7.7m

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