Atenor to develop 30,000 m of offices in Luxembourg city

OFFICES
Tim Harrup

Atenor has entered into an agreement for the acquisition of the site currently occupied by the Renault dealership in Luxembourg City, in the heart of the Cloche dOr business district. This location benefits from a high degree of visibility from the Boulevard Raiffeisen. It is close to the future tram line, thus giving the site direct access to major roads while incorporating an exchange platform for soft mobility.

The new Cloche dOr district has seen unprecedented, quality growth since 2012 in terms of infrastructural and real estate developments, with several high-profile financial institutions recently setting up their headquarters here. The district has a major shopping centre to attract residents and to serve office workers. The Atenor project (for which no visual interpretations yet exist) will extend to around 30,000 m mainly offices. It ill integrate the new concepts anticipated for the post Covid age, enabling employees to collaborate in carrying out effective and fulfilling work tasks.

An application for a planning permit will be submitted at the beginning of 2022. This project will also meet the highest sustainability criteria and will therefore be eligible for the green finance framework set out in Atenors funding policy. With this acquisition project, the developer says that it is making the second phase of its international development plan a reality. After having diversified its presence in Europe, Atenor aims to establish itself as a major player in all the European cities in which it has a presence, in particular by developing iconic and highly sustainable projects in exceptional locations. To support its ambitions, the policy is to target, for each project, investor partners seeking investment and/or financing opportunities in core products alongside high-profile stakeholders.