MACH signs first lease with Valad Property Group and VALERES Project Developments.
The prestigious business park development Campus Contern, near the city and airport of Luxembourg, is enjoying a successful start. While the first building is still under construction, telecommunications multinational MACH has
signed a six year lease for 2,900 m². To developing partners Valad Property Group and VALERES Project Developments this means that the entire first building has been let from the moment it will be delivered mid June, 2009.
Campus Contern is a high quality development that combines the benefits of Contern's convenient location and low rents compared to the city of Luxembourg and most of its periphery. Valad and VALERES are very focused on offering
value for money in an attractive setting. The buildings can be flexibly adjusted to meet tenants' requirements and offer an unequalled parking ratio of 1 parking space for every single work station. With the construction of the
second building commenced and planned to be completed by the end of September 2009, Valad has teamed up with CBRE, Property Partners and Jones Lang LaSalle for the letting.
Mark McLaughlin, managing director of Valad Property Group Benelux: “We are very pleased to have MACH as our first tenant in June, and we are excited that our proposition proves its value so early in the development. We absolutely
believe in the potential of Campus Contern, which provides a sustainable and spacious environment in the growing business community of Contern..”
Marc Diver, chief executive officer of VALERES Project Developments: “We are convinced that the development of Campus Contern as a green and agreeable place to work on a location easily accessible from France, Germany and the
Airport will soon attract more tenants. That is why we have already started the first construction works for the second building of 2,900 m², which will be ready by the end of September 2009.
About VALERES
VALERES Project Developments, with its headquarters in Antwerp (Belgium), is one of the leading providers of turn-key semi-industrial and office developments. VALERES is active in Luxemburg, Germany, the Netherlands, France,
Belgium and is presently extending her activities to Slovakia and Ukraine. VALERES is specialized in the development of offices and industrial buildings and warehouses as from 5.000 m² and of logistics parks up to 150.000 m². Of
recent years, some office projects were also realized, mainly in Luxemburg and Germany. Each project is developed according to the wishes of the client and it meets all necessary facilities such as infrastructure, parking places,
greenery, safety and fire protection regulations. www.valeres.eu
About Valad Property Group
Valad Property Group is an active fund and asset manager with a focus on multi-let commercial and industrial properties. Valad has an international network of local offices managing €10 billion of assets. The core business is
providing enhanced property returns to investors through value-adding activities. A network of 30 local offices in 17 countries enables Valad to match global investment capital with real estate opportunities. Valad’s aim is to
continue to build a sustainable property business by providing stakeholders with the “value-add” that underpins the Group’s name and philosophy. Valad is listed on the Australian Stock Exchange.
www.valad.com.au
(Press release April 2009)
Mach
