CBRE’s BeLux Capital Markets team co-exclusively assisted Commerz Real in collaboration with Inowai, in the sale of JBBK, an office building part of the condominium also hosting the Auchan Kirchberg supermarket and its commercial gallery. JBBK was owned by Commerz Real closed-end real estate fund CFB 150 since 2004.
The property is situated in the Kirchberg district, one of the best performing business districts of Luxembourg and benefits from an exceptional visibility from Avenue J.F. Kennedy, the main axis of the Kirchberg area. The location is very popular in Luxembourg as it is a destination for lunch or shopping thanks to the Auchan supermarket and the commercial gallery offering attractive amenities.
Mainly occupied by Eurostat (European Commission), JBBK was sold on the basis of a property pricing of approximately €168 million. It represents the largest share in the condominium, comprising essentially 37,500 m² of office space over three levels above the commercial gallery.
Mainly occupied by Eurostat (European Commission), JBBK was sold on the basis of a property pricing of approximately €168 million. It represents the largest share in the condominium, comprising essentially 37,500 m² of office space over three levels above the commercial gallery.
