Royal Monterey, Luxemburg CBD - 90% let, one floor to go

After Oaktree Capital Management, Alpha Group, Société Générale Banking & Trust have settled in this prestigious new building, one of the sitting tenants that is Société Genérale has decided to let one additional floor. This brings the total number of Société Générale Banking & Trust occupied floors to 4. Out of the 9 available floors at delivery only one remains unlet today. Since discussions to let out this floor are currently in their final stages, a 100% let out situation is looming, marking a total success for developer Pylos and investor DEKA.

The Royal Monterey project was sold in a forward funding structure to German investment fund DEKA in early 2008 and was fully delivered and completed by the end of 2010.