AG Real Estate recently acquired the public limited company Edimo, which owns a property in Luxembourg, giving it the opportunity to develop a quality office project with an estimated surface area of some 20,000 m².
AG Real Estate recently acquired the public limited company Edimo, which owns a property in Luxembourg, giving it the opportunity to develop a quality office project with an estimated surface area of some 20,000 m².
Ideally located in the Hamm district in the City of Luxembourg, this project is served by multiple access routes: by car from the motorways leading to the neighbouring countries and by public transport via a recently upgraded railway station, in particular for bicycles, as well as bus routes.
AG Real Estate plans to develop a building offering its customers a flexible, quality workspace. This new development aims to meet the high levels of certification of BREEAM and the WELL Building Standard™, guaranteeing its occupants maximum comfort in a sustainable building.
Billy Riou, Development Manager Luxembourg, says: "In addition to the mobility advantages afforded by an investment in the services area of Hamm, this new development will allow us to offer the office property market an exceptional asset that satisfies the environmental and flexibility criteria sought by most of our customers, while offering excellent value for money".
Xavier Denis, Chief Development Officer of AG Real Estate, adds: “With this new acquisition, AG Real Estate reaffirms its confidence and interest in the Luxembourg market. We are determined to further grow our presence in the region while diversifying our assets and partnerships. We are demonstrating this by actively seeking complementary office and residential development projects and opportunities for creating large mixed-use urban complexes”.
About AG Real Estate
AG Real Estate, a wholly-owned subsidiary of AG Insurance, is an integrated property operator active in Belgium, France, Luxembourg and on certain select European markets with expertise in different lines of business: Asset & Property Management, Development & Construction Management, PPP and real estate financing, as well as in Car Park Management through its subsidiary Interparking. A company active in urban real estate, AG Real Estate has more than 250 employees with varied profiles and areas of expertise. With a portfolio of more than €6.5 billion under management for its own account and on behalf of third parties, AG Real Estate is endeavouring to provide a responsible response to new urban needs and to implement a sustainable development policy as to make its projects even more meaningful.
