The Pasteur building is situated in the north of the Luxembourg CBD, bordering the Limpertsberg area, next to Place des Glacis. The area is characterized by an agreeable working environment and an excellent accessibility.

The 6-storey property was developed in the late 1980’s and renovated in 2008. It offers approximately 5,000 m² of space and 50 parking units. It is fully let to 6 tenants, the main tenant of which is Capita Fiduciary Group.

AIK has acquired the Pasteur building from Leasinvest Immo Lux SA, a 100% subsidiary of Leasinvest Real Estate SCA, a listed real estate investment trust investing in offices, logistics and retail in Belgium and the Grand Duchy of Luxembourg.

The acquirer, AIK, is an internationally operating joint venture company between German occupation pension funds and Deutsche Apotheker- und Ärztebank.

AIK’s assets under management currently amount to 158 office and retail buildings located in European cities with a total volume of more than 2.1 billion Euros.

The acquisition price is about 19.5 million Euros. CBRE advised aik in this transaction.