22 September 2023
New residential development project for “OCITY” in Luxembourg City
Published
22/09/2023

MIMCO Capital has just acquired on behalf of the "OCITY" fund a land for the development of a residential building located in Luxembourg city near the Place d'Argent.


Located in Rue de Mühlenbach, in a fast-growing sector, the operation has a development potential in line with our strategy. This project will be upgraded into several high-quality residential units in a rapidly developing sector of Luxembourg.


The volume of the operation will develop 15 apartments with high-end services on a net surface of 816 sqm and the cost price of the operation represents an investment of +9 Million euros.


"This acquisition in a privileged sector consolidates the strategy of our OCITY fund towards its positioning in luxury residential operations, where the demand is increasingly strong in the Grand Duchy of Luxembourg", comments Christophe Nadal, co-founder and CEO of MIMCO Capital.


The Mülhenbach district is particularly well known for its pleasant and relaxing environment, especially with the proximity of the Bambësch forest, which offers numerous footpaths suitable for family walks.


We would like to thank the entire team and our partners for this acquisition.


Notre Actualité

08.07.2025

MIMCO joint venture, in partnership with Foncière Renaissance, has just signed a preliminary agreement to acquire an iconic building located at 91 avenue des Champs‑Élysées for €320 million, in the heart of the highly sought‑after parisian Golden Triangle.

07.07.2025

MIMCO Group, a pan‑European real estate operator and asset management company, announces the launch of « Mageva 360 », an ambitious project to convert a former holiday resort into a premium serviced residence in the heart of Megève.

17.06.2025

MIMCO Group announces the delivery of Santos Townhouse, a high‑end hospitality residence located in the heart of the historic Santos district in Lisbon.

Announcement

05.06.2025

MIMCO Group, a leading player in pan‑European value‑add real estate, announces the appointment of Quentin Verschoren as Chief Operating Officer for MIMCO Capital.

Corporate

Back
Scroll