Allianz Real Estate France acquires an office building in Luxembourg

Paris/Munich, 05/20/2016

Allianz Real Estate France has acquired Climmolux Holding, the company owning the Serenity office building located at 19-21 route d’Arlon in Luxembourg’s Strassen district, on behalf of various Allianz companies.

The property was sold by Fidentia, a Belgian real estate investor. The Serenity building was completed in 2010 and covers an area of approximately 10,486 m². Around 532 parking spaces are available. It is the first building in Luxembourg to have obtained HQE (NF HQE Tertiary Buildings) certification, which it was awarded in 2010, for the construction of the building and it has also been assigned the HQE level "Excellent" for the use of the building since November 2014.

"This first acquisition in Luxembourg, on behalf of Allianz' investors, enables us to strenghten the geographic diversification within our portfolio", said Barbara Koreniouguine, CEO of Allianz Real Estate France, which also covers the Benelux region.

In this transaction, Allianz was advised by Arendt & Medernach, EY et Socotec. Fidentia Real Estate Investments was advised by JLL and Heilporn & Kadaner. Further terms of the transaction were not disclosed.

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