Development of an residential building in the Belair district in Luxembourg for the "BUILDIM" fund
MIMCO Capital continues its acquisitions on behalf of its fund "BUILDIM" with the development of a high residential operation located in the district of Luxembourg Belair.
Located west of the city of Luxembourg, the Belair district is the so called "upscale" district of the capital. It has developed strongly in recent years, the urbanization that has allowed the exit of land from new infrastructure and the creation of new residential housing. The first phase of the operation will develop 6 apartments of very high standard. The project has just been authorized, work will begin in 4T2019.
This acquisition confirms MIMCO Capital strategy on its positioning in the luxury residential sector in Luxembourg, which is experiencing very strong demand.