22 September 2023
MIMCO Capital completes an acquisition in the Sanem business park, located in Luxembourg

The MIMCO Capital group announces that it has completed the acquisition of a new land in the "Op den Aessen" business park in Sanem, Luxembourg. The objective is to develop a mixed-use complex of warehouses/storage and offices.

The existing surface area of the site currently represents more than 12.000 sqm, with several warehouse/storage buildings on a surface area of 2,77 hectares. The site development potential with the new plan in progress is more than 38.000 sqm, with the construction of new buildings compliant with the latest standards.

This operation is strategically located in the southern part of the Grand Duchy, with access to the A13 highway 1,5 km away, the town of Esch-Belval and Luxembourg 3 and 18 km away, and the Belgian and French borders less than 20 minutes away, thanks to the A4 highway.

Bernd von Manteuffel, co-founder and CEO of MIMCO Capital, underlines: "The location is close to highway routes, allowing quick access for heavy vehicles from the motorway, which makes the area particularly attractive for industrial and commercial firms."

A new special development plan is being introduced by the municipality to set and develop a new economic hub with mixed-use storage/warehouse/office buildings and new state administration facilities to encourage the companies establishment in the area.

"This new development will integrate perfectly into this booming area, where there is currently a high demand for storage and warehouse space. Indeed, the 10,5 hectares redevelopment plan set up by the municipality and the strategic location of the area promise an undeniable future expansion. With operations such as this one, we are strengthening our presence in the heart of Luxembourg's emerging regions in a fast-growing asset class.", Christophe Nadal, also co-founder and CEO of MIMCO Capital, adds.

Thank you to the entire team and our partners for this acquisition.

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