Catella Real Estate AG sold the office property at ‘Rue de Bruyeres 60’ in Luxembourg to the Sarasin Sustainable Properties - European Cities fund, marking a strategic move in a robust office market with high ESG standards.

Information on the Target

Catella Real Estate AG (CREAG) has successfully sold the approximately 8,961 square meters office property located at ‘Rue de Bruyeres 60’ in Howald, Luxembourg. This transaction, which is effective from January 1, 2025, involves the 'Sarasin Sustainable Properties - European Cities' fund. The collaboration pairs CREAG with Catella Investment Management GmbH (CIM), with CIM serving as the advisor for the fund while CREAG supports the fund’s German KVG platform.

The office building, developed in 2021 by Lafayette, comprises six floors including two underground parking levels, accommodating a total of 104 parking spaces. The property’s contemporary L-shaped design integrates seamlessly with nearby modern architecture. The facility is complemented by well-designed outdoor areas and a lush inner courtyard. Additionally, the building incorporates various ecological enhancements, including energy-efficient triple-glazed windows, LED lighting, integrated sun blinds, a rainwater utilization system, and ten electric vehicle charging stations. The project has achieved a BREEAM ‘very good’ certification upon completion, reflecting its high environmental, social, and governance (ESG) standards.

Industry Overview in Luxembourg

The property market in Luxembourg is proving to be robust, driven by a consistent demand for office space, especially from financial and public sector tenants. The municipality of Howald, where the property is located, is transitioning from