Centre Etoile is a GF+5 office building constructed in 1992 and developing 3,440 m² of office areas.  The property is currently occupied by the State of Luxembourg for the need of the Ministry of Labour and Integration, the Ministry of Education, and the House of vocational guidance for a remaining duration of 5 years.

The property enjoys an exceptional and strategic location at one of the entrances of Luxembourg City, Place de l’Etoile. Centre Etoile is located on the corner between Boulevard Grande Duchesse Charlotte and Avenue Emile Reuter in the heart of the Central Business District (CBD) of Luxembourg, the best office established location and the most important and lively retail district hosting notable retailers.

The strong fundamentals of the Luxembourg real estate market (low vacancy rate, sustained take-up, limited speculative development) continue to attract investors and developers. The economic performance of Luxembourg itself has further increased the attractiveness of the country as a target for real estate capital.

AXA IM  - Real Assets was co-exclusively advised by CBRE and Inowai in this transaction.