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Norges Bank leases office in Avenue Monterey

Posted in Announcement, Lease, Lease Assignment, Office | Tagged , , , , | Comments

Norges Bank has leased offices in this beautiful glass building on Avenue Monterey, Luxembourg City: Ville Haute - CBD

Property in Luxembourg City: Avenue Monterey

This attractive office property is in Avenue Monterey, in the heart of Luxembourg City. Because it is close to the city centre and government administration, with easy access via personal and public transport, this is a prime office location.

Built on the street corner in 2004, this 5275 m office building has lots of open space. The unbroken glass facade gives an admirable view of the surrounding area full of colourful, modern buildings and wide streets.

HANSAINVEST is the current landlord.

New Occupant: Norges Bank Investment sàrl

Norges Bank Investment manages investments for the Norwegian oil fund, formally named the Government Pension Fund Global. It is invested in 9,202 companies spread over 72 countries. The fund is a key contributor to three main areas: equities, bonds, and real estate.

The fund is one of the largest in the world and invests broadly across countries, sectors and currencies. It holds shares, bonds and real estate all around the world, but invests only abroad so that the Norwegian economy does not overheat.

The Norges Bank Luxembourg office is responsible for 548,602,241 USD invested in the aforementioned categories, shared between a total of five investments.

Why This Move?

The tenant’s previous office in the same building was too large. Because they found it difficult to use the space efficiently, they began looking for smaller premises. However, they didn’t want to leave the building as it was so convenient.

RealCorp stepped up to the challenge. Some careful investigation identified another company which needed a bigger space. Thereafter, it was just a matter of working out an exchange agreement.

As a result, Norges Bank Investment now has a smaller, more economic space, as well as a new lease assignment to another tenant.

Transaction Info

RealCorp successfully executed its exclusive mandate to arrange a new lease term for a smaller office on the same site. Simultaneously, we assigned the client’s lease to another tenant.  A doubly satisfactory result!

Important Dates

The new lease was signed on 25 February 2020, giving Norges Bank access to their new space by 1 March 2020.

How can RealCorp help you?

Contact RealCorp for more information about this property:

+352 26 27 29

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Tell Us What You Need

It’s Time to Work Smarter & Featured Properties

Posted in Announcement, Expert Advice, Industrial, Lease, Newsletters, Office, Real Estate Software, Rental, Residential, Retail, Sale | Tagged , , , , , , , , , , , | Comments

Bourmicht

Newsletter header image showing on the left in white on a purple background the RealCorp logo including the words Advise, Transact, Manage, and on the right an artistic photo of the white columns of the Luxembourg Philharmonic building against a blue sky, behind the words Featured Properties in white. This newsletter includes Properties in Bourmicht and other Luxembourg localities.
  

It’s time to work smarter

Contents

  • Greeting from CEO Michael Chidiac
  • New My Property Requirements tool
  • Other Property Search options
  • Latest Featured Properties

From RealCorp’s CEO

Dear Friends and Clients,

I trust that this newsletter finds you and your family healthy and safe as you follow government and WHO guidelines.

To protect our employees and our clients, and to help flatten the curve of COVID-19 infections, we are all working from home.

Nevertheless, we remain committed to finding, evaluating and advising on property opportunities, and enabling you to make wise real estate decisions.

We are all available via phone, email or video call. If you’re already in conversation with any of us, please continue as usual.

For first-time contact, call +352 26 27 29, email agency@realcorp.lu or use our website contact form to be routed to the most appropriate person to help you.

We are also continuing to improve our online tools, to empower you with real estate knowledge and choices.

This newsletter introduces our new My Property Requirements tool. It also lists a selection of Featured Properties worthy of your attention.

As the WHO now says, “physical distancing” does not have to mean “social distancing”. So do call us. As always, we’re ready to talk property.

Regards,

Michael Chidiac – CEO


My Property Requirements

Looking for new premises? Contacting lots of agencies? To save time, wouldn’t it be great to start each call with a crystal-clear description of your needs? Then let your agent find your property while you get back to the business that needs your daily attention.

Our new My Property Requirements tool enables you to do just that! It includes a sophisticated space-and-cost calculator, as well as many options for telling us what is important to you.

Read more about it on our blog… or just click [ASK US TO SEARCH] on any Newsletter to use My Property Requirements to tell us exactly what you need.

Available in English and French, it offers you two options:

  • Quick Research: Five questions for a rapid selection, for an idea of the market.
  • Advanced Research: More precise questions, for fine-tuned results.

TRY IT OUT!

More smart search options

  • Click [REFINE YOUR PROFILE] on this newsletter to customise the Featured Properties section. You can choose to see only the Property Types (Office, Retail, Industrial, etc.) and Transaction Types (Lease, Sale, Investment) that interest you. You can also use this form to update your contact details and preferences. The next Newsletter you receive will reflect these changes.
  • Click [DO YOUR OWN SEARCH] to use the Property Search function on RealCorp’s website to search by Property Type, Transaction Type, Area (sqm) and/or Location.
  • The Search by Map option on our website is particularly useful If you don’t know Luxembourg locations very well. This enables you to select a general area and then expand or contract the search area around that point.


   
Featured Properties
 
YOUR SEARCH TOOLS
RealCorp Luxembourg invites you to view a selection of our commercial real estate listings in Bourmicht and other Luxembourg localities.

Click any listing for more details
and to request a Prospectus.
 
 SUBSCRIBE TO NEWSLETTER 
 DO YOUR OWN SEARCH 
 ASK US TO SEARCH 
 
  
Interested?
Continue reading

My Property Requirements: Help yourself online!

Posted in Announcement, Expert Advice, Real Estate Software | Tagged , , , , , | Comments

Graphic in greys of a city skyline, with smaller buildings in darker greys closer to the viewer and taller buildings in lighter greys behind the darker ones.. Purple question marks are superimposed over six of the buildings.Looking for new premises? Now is certainly  the time for careful planning and budgeting. To save time, wouldn’t it be great to start each enquiry with a crystal-clear description of your needs? If you could say with absolute certainty, “These are my property requirements…” , list exactly the location you want, any special features, as well as the sqm you’ll need in the short-term, medium-term and long-term, and your budget… then let your agent find your property while you get back to the business that, now more than ever, needs your daily attention?

Introducing My Property Requirements/Ma recherche immobilière

RealCorp’s new My Property Requirements online tool, available in English and French, enables you to do just that! Using this tool, you can speed up your interaction with our agents and be confident that they understand exactly what you’re looking for.

Torso of female agent at desk pointing at map on computer screen with notebook on desk in front of her.How agents help you find property

When looking online for new premises, most people start with Property Searches on agency websites. That’s a logical first step to gain a broad idea of what’s on offer in the areas that interest you. And it may even turn up some listings that appear to meet your criteria. But if you’ve ever done this before, you know that’s only the beginning of the story!

Your next step is to contact the agency behind the listing. They’ll listen to your criteria and help you understand whether the listing you saw is a good match. Their local knowledge will also enable them to offer you alternatives. Then, they’ll help you narrow the options to a shortlist, arrange viewings of the shortlisted properties, and guide you to a decision. Finally, they’ll help you negotiate a contract that serves your needs now and in the foreseeable future.

But everyone’s real estate needs are different

The process is simple to state. In reality, it requires much time, skill, and market knowledge, because everyone’s needs are different. It’s not only the physical description of the property — the location and the amount and types of space — but also the contract terms, including cost per square metre, service charges and dates.

Even if you’ve searched for a property before, your needs now differ from the last time you did it. And if your company is a start-up, or you’re finding new premises for the first time, or you don’t know Luxembourg, it might be hard to articulate exactly what you need.

mand and woman in conversation seated on a concrete bench in front of tall glass-fronted commercial buildings.Sometimes you don’t even know what to ask…

And what about planning for the future? You may know how many workstations you need today, but what about next year, or in five years’ time?

Sometimes you don’t know what you don’t know, and you certainly don’t have all the answers, so establishing a match is not as simple as it sounds, even for an experienced agent.

If only you could empower yourself with enough knowledge to walk confidently into that first conversation!

My Property Requirements is the answer

Good news! Now you can. We’ve poured our experience with thousands of property searches into a new tool that puts the first part of the search firmly within your control. You can speedily calculate what sqm you think you’ll need in the short-term, mid-term and long-term, note any special requirements, and also calculate a realistic budget.

My Property Requirements enables you to tell us exactly what you need.  It offers you two options:

  • Quick Research: Five questions for a rapid selection and an idea of the market.
  • Advanced Research: A detailed questionnaire to obtain fine-tuned results.

Why not try it now? Did we mention that it’s also available in French as Ma recherche immobilière?

And feel free to comment on this post to tell us how it was for you! We want to help you and we’ll definitely consider your feedback.

HeidelbergCement leases Office in Strassen

Posted in Announcement, Fitting-Out, Lease, Office | Tagged , , , , | Comments

RealCorp Luxembourg LEASED to HeidelbergCement Finance Luxembourg sàrl this Office in rue des Primeurs, Strassen.  The image shows a five-storey building with cream-coloured walls dominated by large regular windows in dark glass. In front of the building is a large car park filled with cars.

Large Office Building with Parking in Strassen

This 25600 sqm office office building is located at the edge of Luxembourg City in Strassen. Kairos Advisors | Development  manage the leased property.

The building has access to a prodigious number of affordable external car bays. This is therefore an ideal location for businesses with many employees who travel individually.

Former occupants KPMG Luxembourg vacated the building not long after RealCorp started looking for the perfect property for our client Heidelberg Cement Finance.

New Occupant: HeidelbergCement Finance Luxembourg sàrl

The HeidelbergCement Group is a German multinational building materials company headquartered in Heidelberg, Germany. It is a DAX corporation and is one of the largest building materials companies in the world. It has approximately 55,000 Employees at 3,000 Locations in more than 50 Countries.

HeidelbergCement produces concrete for industry. According to their website, they are “the number 1 in aggregates production, number 2 in cement, and number 3 in ready-mixed concrete”. Their core activities “include the production and distribution of cement and aggregates, the two essential raw materials for concrete.” The specific materials used may vary based on availability in different locations.

As a large multinational group, the company has financial interests which in Luxembourg are represented by HeidelbergCement Finance Luxembourg sàrl.

Built-in convenience for HeidelbergCement Finance

HeidelbergCement Finance was seeking larger and more convenient office spaces. Before this move, they had been occupying spaces in an office centre that was too small and too expensive to accommodate their needs.

The new space for rent had an optimal layout for the company as well as a good level of accessibility. In fact, the fitted out office spaces with built-to-measure kitchen were important factors in their selection of this property. As a result of this move, HeidelbergCement will have more space, with private office areas including a kitchen and private entrance. They are therefore completely satisfied with their new premises.

Transaction Info

In a particularly impressive turn of events, RealCorp actually found suitable office space that was not even on the market yet. Furthermore, we facilitated the new lease in very good time. We thus enabled them to sign the contract on 25 February 2020, with an Effective Date of 1st June 2020.

We wish HeidelbergCement Finance Luxembourg sàrl a smooth transition to their new premises and a more comfortable second half of 2020!

How can RealCorp help you?

Contact RealCorp for more information about this property:

+352 26 27 29

Want something different? Use our Space and Budget Calculator:

Tell Us What You Need

LEASED: Storage and offices in Rue des Joncs

Posted in Announcement, Industrial, Lease, Luxembourg Business Areas, Office | Tagged , , , , | Comments

Green panelled facade of storage facility with offices in Rue des Joncs, Howald. The image shows a large industrial door open with a view of a the rear of a trailer and its load parked inside.

Storage Property in Howald

Located in Howald, this industrial storage facility topped by office space is both spacious and convenient. Just on the edge of Luxembourg city, the location’s appeal is that it is close enough to the centre for access, while far enough away to offer ample space at a reasonable price.

Howald is a town in the commune of Hesperange, in southern Luxembourg. The town lies on the border of the south-eastern suburban quarter of South Bonnevoie, on the very edges of Luxembourg city. As of 2006, the town has a population of 4,760, making it the most populous town in the commune and the 22nd most populous in Luxembourg.

Although slightly out-of-town, Still accessible via train and highway, the location has all of the advantages and few of the inconveniences that often come with a space dedicated to storage.

New Occupant: FIDUO SA

FIDUO is an independent corporate services company established in Luxembourg 20 years ago. They work closely with FC Advisory, an independent business partner that specialises in tax advisory and corporate structuring. FIDUO offers a wide range of economic services, two of which are accounting and tax returns.

Read more about FIDUO at fiduo.lu.

Why This Move?

The reason for this tenancy is to obtain more space for record keeping. This is necessary because, As FIDUO comes closer to 20 years in operation, their archives are growing too numerous to keep in the main location.

FIDUO identified certain records which must remain secure but don’t require frequent access. Therefore, this storage facility and accompanying offices will contain outdated and archived records currently taking up space in the main office.  As a result, the company can free up vital space in the main office for new records for their growing business.

Transaction Info

The speed of this transaction delighted the parties. RealCorp introduced them and guided them smoothly through all the steps of viewing, offer and closing very rapidly. The premises had only just been vacated and RealCorp let them again almost immediately!

How can RealCorp help you?

Contact RealCorp for more information about this property:

+352 26 27 29

Want something different? Use our Space and Budget Calculator:

Tell Us What You Need

Featured Properties 18/02/20 in Contern and more

Posted in Lease, Newsletters, Office, Rental | Tagged , , , , | Comments

Contern

Newsletter header image showing on the left in white on a purple background the RealCorp logo including the words Advise, Transact, Manage, and on the right an artistic photo of the white columns of the Luxembourg Philharmonic building against a blue sky, behind the words Featured Properties in white. This newsletter includes Properties in Contern and other Luxembourg localities.
   
18 February 2020
 
YOUR SEARCH TOOLS
RealCorp Luxembourg invites you to view a selection of our commercial real estate listings in Contern and other Luxembourg localities.

Click any listing for more details
and to request a Prospectus.
 
 SUBSCRIBE TO NEWSLETTER 
 DO YOUR OWN SEARCH 
 ASK US TO SEARCH 
 
  
Interested?
Continue reading

Featured Properties 04/02/20 in Capellen and more

Posted in Lease, Newsletters, Office, Rental, Retail | Tagged , , , , | Comments

Capellen

Newsletter header image showing on the left in white on a purple background the RealCorp logo including the words Advise, Transact, Manage, and on the right an artistic photo of the white columns of the Luxembourg Philharmonic building against a blue sky, behind the words Featured Properties in white. This newsletter includes Properties in Capellen and other Luxembourg localities.
   
04 February 2020
 
YOUR SEARCH TOOLS
RealCorp Luxembourg invites you to view a selection of our commercial real estate listings in Capellen and other Luxembourg localities.

Click any listing for more details
and to request a Prospectus.
 
 SUBSCRIBE TO NEWSLETTER 
 DO YOUR OWN SEARCH 
 ASK US TO SEARCH 
 
  
Interested?
Continue reading

Featured Properties 21/01/20 in Capellen and more

Posted in Lease, Newsletters, Office, Rental, Retail | Tagged , , , | Comments

Capellen

Newsletter header image showing on the left in white on a purple background the RealCorp logo including the words Advise, Transact, Manage, and on the right an artistic photo of the white columns of the Luxembourg Philharmonic building against a blue sky, behind the words Featured Properties in white. This newsletter includes Properties in Capellen and other Luxembourg localities.
   
21 January 2020
 
YOUR SEARCH TOOLS
RealCorp Luxembourg invites you to view a selection of our commercial real estate listings in Capellen and other Luxembourg localities.

Click any listing for more details
and to request a Prospectus.
 
 SUBSCRIBE TO NEWSLETTER 
 DO YOUR OWN SEARCH 
 ASK US TO SEARCH 
 
  
Interested?
Continue reading

LEASED: Office in Atrium Business Park

Posted in Announcement, Lease, Life at Work, Office, Rental | Tagged , , , , , | Comments

RealCorp Luxembourg — LEASED: Lease Office — Atrium Business Park, Rue du Puits Romain, Bertrange: Bourmicht

Atrium Business Park in Bertrange: Bourmicht

RealCorp is pleased to announce the letting of office space  in Vitrum, Atrium Business Park, in Bourmicht, Bertrange. Vitrum is one of the four impressive glass buildings in the complex. The others are Excio, Emporium and Extimus.

With a rental area of almost 54,000m² and about 2,000 parking spaces, Atrium Business Park was completed between 2005 and 2011. KanAm grundinvest Fonds sold the complex to Deka Immobilien in 2016. The new owners made it even more attractive with ultramodern security systems, new signage and beautiful landscaping.

They now promote Atrium Business Park as Luxembourg’s best choice for a healthy and productive work-life balance. For good reason: Atrium boasts numerous services such as childcare, restaurants, and a remarkably high number of parking spaces — especially considering its location just outside of Luxembourg City.

New Occupant: SNCH

Société Nationale de Certification et d’Homologation (SNCH) is a private organisation under governmental supervision.

SNCH specialises in accreditation, such as nationally and internationally recognised certification of vehicles, as well as components and systems used in the field of motor vehicles.

Why This Move?

When their previous office lease was unexpectedly terminated, SNCH came to RealCorp to ask for help in finding a new office space.

They needed more space for a reasonable price but they wanted to stay within the limits of Luxembourg city.

Finding the Perfect Space in Atrium Business Park

Atrium Business Park was actually somewhat of a last-minute location. Despite several weeks of searching, it hadn’t even been on the shortlist, due to being outside of the specified area.

It came to the fore when the landlord’s representative Rental Value set out to engage Luxembourg’s best agencies, among them RealCorp, to let the whole of the vast complex. RealCorp identified in this attractive complex the features that SNCH needed.

We also showed them that the location, even though different from what was originally envisaged, is convenient for Luxembourg City. It is also easily accessible via the motorways from Belgium, France and Germany.

RealCorp’s own approach resonates with Rental Value’s excellent understanding of a customer’s needs. We were therefore able to work with them smoothly and efficiently. SNCH were delighted and decided on  a generous space in the Vitrum building. The negotiation was completed in under two months.

How can RealCorp help you?

Contact RealCorp for more information about this property:

+352 26 27 29

Want something different? Use our Space and Budget Calculator:

Tell Us What You Need

LEASED: Challenge the status quo with NREP

Posted in Announcement, Lease, Life at Work, Luxembourg Business Areas, Office, Rental, Retail | Tagged , , , , | Comments

RealCorp Luxembourg — LEASED: Lease Office and Retail — NREP aims to challenge the status quo from 26 rue Philippe II, Luxembourg City: Ville Haute

26 rue Philippe II, Luxembourg City: Ville Haute – CBD

26 rue Philippe II is one of the most central and choicest locations money can rent in Luxembourg.

This property, under local private ownership, nestles between the Dior, Cartier and Chanel boutiques. It overlooks a fantastic location at the very heart of the city. It has a stunning view of the Dior office building opposite,  one of the area’s most remarkable pieces of architecture.

Built at the turn of the 20th century, the building enjoys a typical Art deco style. It comprises single-tenant floors of which the retail premises previously housed jewellers, while the upper floors provided offices and residential units.

New Occupant: NREP aims to challenge the status quo

From this inspiring setting, new occupant NREP will continue their mission to be the best at what they do and “challenge the status quo” by making a positive difference while doing so.

NREP Management Company sàrl is a Nordic integrated real estate product innovator, developer, investor and operator. This company was founded in 2005, and quickly developed a specialisation in Nordic real estate. With +275 real estate investments and €4bn assets under management, they now have offices in Denmark, Sweden, Finland, Norway and Luxembourg.

This ambitious, optimistic firm pursues noble goals in the field of real estate, such as looking to maintain and improve sustainability in buildings. They also aim to challenge the status quo by striving for a collaborative and mutually supportive approach of “sharing values and valuing differences”. As a result, they have developed a strong multidisciplinary team of +180 specialists. Read more about them on the NREP website.

Why This Move?

NREP needed to move to this excellent location because the Luxembourg team were quickly outgrowing their previous occupancy. Always looking for new talent, they invite contact from anyone with appropriate expertise who would like to join their team. So the expanding company wanted to relocate into a larger but still centrally located office property, preferably already fitted out.

Expansion is a common motive for finding new premises. Companies want to retain access to all the advantages of a Luxembourg City location, but must make room for success!

Transaction Info

We at RealCorp are of course happy to help businesses achieve their aims and fulfil their growth strategies. In this instance, our swift follow-up system enabled us to re-lease the premises immediately after the previous tenant (also sourced by RealCorp) vacated them.

Important Dates

The new tenancy takes effect in January 2020. We wish NREP both increased comfort and ongoing success as they continue to challenge the status quo from their new premises.

How can RealCorp help you?

Contact RealCorp for more information about this property:

+352 26 27 29

Want something different? Use our Space and Budget Calculator:

Tell Us What You Need