DEAL - REALESTATE - CONSTRUCTION - ENVIRONMENT
Arendt assisted the Acron Group, which specialises in real estate club deals, in the acquisition of a shareholding in Wooden S.A. from BPI Real Estate Luxembourg and IKO Real Estate.
Wooden S.A. is currently constructing the first large-scale wooden building in Luxembourg (9,462 m2 of usable surface area) according to the environmental state of the art, certified to the WELL Building Standard® and rated BREEAM “Excellent”.
The Wooden building is already fully leased and will be the new headquarters of Bâloise Assurances Luxembourg, among other companies.
Arendt & Medernach advised the Acron Group on all Luxembourg law-related aspects of the deal, while Arendt Regulatory & Consulting assisted the Acron Group with the technical aspects.
With an unparalleled conjunction of legal and technical expertise in real estate, Arendt is optimally positioned to advise on such complex acquisitions.
The Arendt & Medernach team was comprised of Marianne Rau, Partner – Real Estate and Alexandre Parrinello, Senior Associate – Real Estate; and the Arendt & Regulatory Consulting team of Pierre Wauthier, Lead Advisor – Real Estate.