Manova Partners, an internationally active independent real estate investment company, and MAPFRE, Spain’s largest insurance company, announce the sale of an office building in Luxembourg, 10 Boulevard Grande-Duchesse Charlotte in the Central Business District, to an international family office. The building with a gross area of 5,200 square metres was acquired as part of a share deal in 2020. The asset is currently held by Stable Income European Real Estate Fund – Manova 1 (SIEREF – Manova 1), one of Manova Partners’ commingled funds. Since 2013, “Charlotte” has been fully let to Clifford Chance. In 2020 a new 9-year lease with the tenant was signed, and the lease was extended for a further 3 years in 2024.
Source: Press release 10 Apr 2025