Kriftel, 30.11.2021. The real estate consulting firm Steinberg Real Estate + Finance has advised the open-ended real estate public fund “REALISINVEST EUROPA” of the Munich-based investment manager Real I.S. AG on the closing of the financing with a German bank for the acquisition of the office property “The Arc” in Luxembourg.
Excerpt from the press release of Real I.S. AG:
“After the planned completion in autumn 2023, the mixed-use building in Avenue de la Liberté, located directly opposite the main railway station, will comprise a total lettable area of 3,387 square metres and will be awarded the BREEAM certification “Excellent”. The seller is the Eaglestone Group. The parties have agreed not to disclose the purchase price.
“The Arc” building, conceived by Eaglestone and designed by architectural firm BALLINIPITT, will offer 2,649 square metres of office space for one or more occupiers, one residential floor and two commercial spaces on the ground floor over seven floors.”
Link to the press release of Real I.S. AG: Link
About Steinberg Real Estate + Finance
Steinberg Real Estate Management GmbH is a consulting and investment company founded in 2017 and based in Kriftel near Frankfurt am Main. Steinberg Real Estate + Finance focuses on the marketing and restructuring of complex real estate and real estate financing throughout Germany. In addition, Steinberg Real Estate + Finance is itself active as an investor in the field of distressed real estate and real estate loans and insolvency claims. The shareholders of Steinberg Real Estate + Finance are the two managing partners Antje Mertig and Michael Schäff. www.steinberg.management
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