Quares launches Quares Retail Fund 2

In February, Quares will issue an offer of participation in a new fund that is investing in a new shopping centre in the Grand Duchy of Luxembourg.

The 7,000 m2 large retail complex “Foetz” is fully let to first-rate tenants Rack Store, Veritas, Lola & Liza and Giovanni Rana. The property is located in the already well-developed commercial zone directly opposite the Cora shopping centre and there are well-known tenants such as, amongst others, JBC, Brantano, C&A and Maxi Toys as well as a number of local strong players such as Adler and Bâtiself in the area.

Foetz is located 15 km southwest of the capital Luxembourg and 5 km from the French border at the junction of two motorways, the A4 and the A13, both going to France. The ideal location between Luxembourg City and France together with its easy accessibility are a guarantee of commercial success.

Investment in Quares Retail Fund 2 is possible starting from 50,000 euro and generates an expected average annual net yield of 6.00%.

The scale of investment of this project is approximately 25,800,000 euros real estate value with a required equity of 11,000,000 euros. Quares already has 5,000,000 euros subscribed.

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