Cookie Use Notification

This site uses cookies to provide you with a more responsive and personalised service.

By using this site you agree to our use of cookies as set out in our cookie notice. Please read our cookie notice for more information on the cookies we use and how to delete or block the use of cookies.

AMCO Invest awarded C&W with an exclusive agency instruction to find a buyer for their large major retail investment property in the prime retail street of Luxembourg (Grand Rue)

Click to Enlarge

The Challenge

AMCO Invest awarded C&W with an instruction to find an investor for their completely refurbished mixed property which is 80% let to the quality tenant ‘Zara’.

The total built net area – which is fully let to quality tenants – is approximately 2.644 sq.m. and divided over a basement, ground floor and 4 floors. This landmark building enjoys a frontage (Grand Rue) of approximately 15 meters. Cushman & Wakefield is also involved in the property management of this asset.

The Solution

Given the high liquidity and attractive investment volume of the highly demanded asset, a lot of both institutional as well as private investors were extremely interested in this opportunity.

To gain the interest of the investors, we created a high-quality booklet with the main information and lots of artistic pictures.

The Results

After a period of only one month, our open tender resulted in more than five LOI’s.

Due to the fact that a lot of private investors are involved in the process, we are sure that the sales price will eventually represent a yield which will be lower than 4.50%.