INOWAI ADVISES ON THE SALE OF A MIXED-USE ASSET IN LUXEMBOURG’S CBD

INOWAI is pleased to announce it has advised on the successful sale of Résidence Monterey, a mixed-use building located in a prime location at 22 Avenue Monterey, in the heart of Luxembourg City’s Central Business District (CBD). 

The property, which comprises residential, office and retail spaces over a total surface of approximately 1,000 sqm, was acquired by a private Luxembourg-based investor. The transaction was structured as an asset deal. The seller is a Luxembourg investment fund. Both parties have requested confidentiality. 

Strategically located near the famous Avenue Monterey and surrounded by major institutions and urban amenities, Résidence Monterey offers significant value-add potential through refurbishment or repositioning. The building is fully let to multiple tenants, generating a significant annual revenue. 

“This transaction reflects renewed interest in central locations and confirms that Luxembourg’s CBD remains a resilient and attractive market for long-term investors. It also illustrates a broader market reality: even asset deals are taking increasingly longer to complete, largely due to extended banking processes and more in-depth financing investigations. Navigating these constraints requires anticipation, close coordination between all parties and a strong understanding of lenders’ expectations.,” said Tehdi Babigeon, Partner & Head of Capital Markets at INOWAI. 

Strategically located in close proximity to major institutions and urban amenities, including the Hamilius area, Résidence Monterey benefits from a prime central positioning. Fully let to multiple tenants, the property offers attractive income stability alongside clear potential for refurbishment or repositioning over the medium term.