Schroders Capital completed the acquisition of Kubik from Ceetrus.

Schroders Capital, a provider of asset management services, completed the acquisition of Kubik, an office building, from Ceetrus, a global real-estate development company. Financial terms were not disclosed. "We are very happy with this first operation in Luxembourg after having studied many opportunities in recent years. We remained very disciplined and selective in our approach before completing this acquisition, which offers significant upside potential in the medium term. The Kubik building will benefit both from the improvement of local infrastructure with the extension of the existing tram line, but also from the upcoming regeneration of the Kirchberg district, whose growing diversity further enhances its attractiveness," Laurent Dubos, Schroders Capital Head of Real Estate France.