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CBRE exclusively advised Mavin Property Fund in the sale of a prime office and retail property to IVG Institutional Funds in Luxembourg Station district IVG Institutional Funds GmbH (IVG IF) has acquired M2, a prime office and retail property delivered in June 2010, from the developer Mavin Property Fund. The acquisition price amounts to approximately EUR 45 million.
The property is located on Avenue de la Gare 42-44 in the heart of the Station district at walking distance of the Luxembourg Central Station, the main transport hub of Luxembourg. The Station district is one of the most sought after office districts for large international institutional investors. It is also one of the two main retail high streets of Luxembourg attracting the most prestigious retail...
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