The Long Term Properties Development Europe (“LTPDE”) sub-fund has been active since 1 December 2018. Its investment policy involves land acquisition for real estate developments (residential, offices and business) and the acquisition of existing properties that generate or may generate rental income.
This sub-fund is currently in the investment and development phase.
Investment horizon 10-15 years
This sub-fund can invest in all eurozone member countries. Currently, investments focus on the Grand Duchy of Luxembourg, Belgium and France.
LTPDE aims to provide long-term security for this revenue by focusing on acquiring medium-sized assets, significant diversification by the number of assets held, their allocation (undeveloped land, medium-sized offices, local businesses,…) and their geographical location.
LTPDE aims to invest in the eurozone and, more specifically, in central Europe, where the financial climate is generally favourable and stable.
The LTPDE sub-fund has been active since 1 December 2018. In principle, it has four years to carry out its investments.
Bettembourg (L) total surface area 29,330 m2.
Total surface area: 4,165 m2 Letter of intent for the rental of the whole property.
50% owned: Total surface area for development: 94,969 m2 Progressive sale of housing.
Total (estimated) surface area: 3,500 m2 Letter of intent for the rental of 1,750 m2.
2020
Luxembourg
500 millions
