A major real estate development situated just steps from the central railway station in Luxembourg City is moving forward following the acquisition of a key site.
Six years after the demolition of its former industrial halls, the area between the station and the future Nei Hollerich neighbourhood is set for redevelopment. On Tuesday, a consortium comprising Baltisse Real Estate and BPI Real Estate announced it has signed a preliminary sale agreement with the previous owner, Paul Wurth Real Estate. The financial terms of the transaction for the site, located adjacent to the Cité de la Sécurité sociale, were not disclosed.
The project will feature residential, commercial, and office spaces across 34,600 square metres at the junction of Rue de Hollerich and Rue Wenceslas Ier. The Special Development Plan (PAP) and implementation agreement have already been approved, with site preparation works scheduled to begin in the coming months.
While no final completion date has been announced, the consortium aims to create "a new urban link" between the railway station and the emerging Nei Hollerich neighbourhood, leveraging a planned tram line extension to improve accessibility. "We are committed to developing an attractive, sustainable project offering premises tailored to current market needs," said Sébastien Labis, Director of BPI Real Estate in Luxembourg.
BPI Real Estate, which has operated in Luxembourg since 2004, is currently developing several other notable projects, including Kennedy Park in Kirchberg and Roots in Belval.
