On 9 July 2015, Bâtipont Immobilier (BPI) of the construction and civil engineering CFE Group, acquired real estate assets in the Grand Duchy previously held by Mavin Property Fund, a SICAV controlled by Breevast.
The acquired assets include:
- City of Luxembourg ‐ Route d'Esch 242‐248
A piece of land (and buildings to be demolished) of 16.255 m2 allowing, subject to ad hoc permits, the development of a residential, commercial and offices project of approximately 40,000 m2 above ground.
- The municipality of Differdange ‐ 18 Place des Allies
A plot of 3,863 m2 with a planning permit authorising the construction of 50 apartments and retail space of around 2,350 m2 above ground.
The acquisition was made through BPI's subsidiary CLI, and representatives of BPI claimed the new development was a reflection of the company's ambitions in national and international markets. BPI is already active in real estate development projects in Belgium, Poland and Luxembourg through the CLI subsidiary.
Photo by BPI (Differdange plot)
