IMMOBEL Luxembourg, subsidiary of IMMOBEL Group, announced the acquisition, on Tuesday, 31 July 2018, of Thomas S.A., owner of the administrative building located at 1 rue Thomas Edison in Strassen.
Situated at the entrance of a neighbourhood undergoing complete redevelopment, the building benefits from excellent visibility, in immediate proximity of Route d’Arlon, which is, in turn, served by the main roads in the country and, in the future, by the tramway.
Covering 5,700 m², 1 rue Thomas Edison proposes long-term occupancy thanks to a lease running until 2027. The asset also benefits from an excellent rate of occupancy of 90 % by three established organisations, two of which have been present in the building for more than ten years: LIH - Luxembourg Institute of Health: public research organisation in the biomedical sector benefiting from an international presence in the domain of public health, BOS - Business Office Services: specialist in tertiary relocation and Patiente Vertriedung: a specialised association in the legal counsel for health procedures. Very soon, the building will propose rental of its last two floors of offices of respective surface areas of around 270 m².
Through this acquisition, IMMOBEL Luxembourg is showing its capacity to invest in diversified projects in the interest of extending the lifecycle of its portfolio, positioning itself as a truly versatile player in the chain of real estate operation in Luxembourg.
The property was sold by a private seller. This transaction was handled by INOWAI.