Page 1

Luxembourg - Summer 2011

REALNEWS Professional Real estate

brought to you by

us g io in ing tig ild rk es bu + Pa Pr e m fic of 0 sq

30

0

Summary The One on One project p1 at a glance

Our current offers

p2-5

Key figures

p6

Our special features: The One on One project The Solarwind project

p7

p8

Contact Us REALCORP Luxembourg 22, Avenue Monterey, L-2163 Luxembourg Tel: +352 26 27 29 www.realcorp.lu


Luxembourg - Summer 2011

Current Offers To let Type: Office Area: 234 sqm Div.: N/A Availability: Immediate Comments: Good conditions, natural lighting, ideal configuration and layout, parking. ref.: 204158

To let

To let

Centre

Type: Office Area: 6,600 sqm Div.: 230 sqm Availability: Q1 2012

Type: Office Area: 294 sqm Div.: N/A Availability: Immediate

Comments: New building well located, very high quality fittings, HQE certification, flexible floor for planning, parking.

Comments: Recently built, plenty of natural light, central location, flexible floor planning. ref.: 205760

ref.: 203490

AV N AI EW LA BI LIT Y

To let Type: Office Area: 3,900 sqm Div.: 448 sqm Availability: Contact us

Comments: Great visibility, located within the Commune of Luxembourg, direct access to bus, and Belgian & French motorways.

ref.: 208266

To let - Rue Philippe II

To let Type: Office Area: 2,665 sqm Div.: 333 sqm Availability: Immediate Comments: Central location, modern building, great visibility, hign quality fittings, reception desk.

Type: Office Area: 342 sqm Div.: N/A Availability: Immediate Comments: Central location, wide open space, duplex with mezzanine, access control.

ref.: 200945

ref.: 208266

Non contractual document

22, Avenue Monterey, L-2163 Luxembourg, Tel: +352 26 27 29

w w w .r ealcorp .lu


Luxembourg - Summer 2011

Current Offers To let Type: Office Area: 100 sqm Div.: 43 sqm Availability: Immediate Comments: Central location, recently built, high quality fittings. ref.: 201135

To let - Av. de la Porte Neuve

To let

Type: Office Area: 1,650 sqm Div.: 800 sqm Availability: Immediate

Type: Office Area: 100 sqm Div.: 50 sqm Availability: Contact us

Centre

Comments: Central location, close to Glacis parking, hight quality fittings, well it, flexible floor area.

Comments: Great location, easy access to motorways, period property, ideally partitionned, external parking possible. ref.: 204575

ref.: 204575

To let Type: Office Area: 200 sqm Div.: N/A sqm Availability: Immediate

Comments: Central area, duplex, top floor, great visibility, natural light, great view on the Monterey park, parking available on demand.

ref.: 210606

To let - Rue du FossĂŠ

To let Type: Office Area: 1,309 sqm Div.: 269 sqm Availability: Immediate Comments: Modern building, well lit, green environment, parking.

Type: Office Area: 1,539 sqm Div.: 316 sqm Availability: Immediate Comments: Close to Place Guillaume, building totally refurbished, high quality fittings, open space, flexible floor planning, parking possible.

ref.: 204504

ref.: 204828

Non contractual document

22, Avenue Monterey, L-2163 Luxembourg, Tel: +352 26 27 29

w w w .r ealcorp .lu


Luxembourg - Summer 2011

Current Offers AV N AI EW To let LA BI LIT Type: Office Y Area: 522 sqm

Strassen

Bourbon / Station

Div.: 97 sqm Availability: Immediate

Comments: Close to train station and Petrusse Valley, totally refurbished, flexible floor planning.

ref.: 222621

To let

To let

Type: Office Area: 253 sqm Div.: 100 sqm Availability: 01/09/2011 Comments: Very good location, close to the train station, 2 separate entrances, open space to be partitionned, kitchenette, attractive rent.

Type: Office Area: 710 sqm Div.: 135 sqm Availability: 01/12/2011 Comments: Period property, 5 floors of offices, elevator, ideally fitted, parking available on demand. ref.: 276657

ref.: 210655

To let

To let

Type: Office Area: 723 sqm Div.: 326 sqm Availability: Immediate

Type: Office Area: 280 sqm Div.: N/A Availability: Immediate

Comments: Totally refurbished in 2010, direct access to train station, flexible floor planning.

Comments: Ground floor, window feature, totally refurbished, good state of repair, two separate entrances.

ref.: 204005

ref.: 218974

To let

To let

Type: Office Area: 1,500 sqm Div.: N/A Availability: Immediate

Type: Office Area: 3,770 sqm Div.: 400 sqm Availability: Immediate

Comments: Close to route d'Arlon, 3 floors of offices, private elevator, numerous external parking space.

Comments: New HQE certified building, green building awards 2011, parking with excellent ratio (1pk/20sqm), natural lighting.

ref.: 222644

ref.: 204944

Non contractual document

22, Avenue Monterey, L-2163 Luxembourg, Tel: +352 26 27 29

w w w .r ealcorp .lu


Luxembourg - Summer 2011

Current Offers

Airport / Kirchberg

To let Type: Office Area: 6,278 sqm Div.: 50 sqm Availability: Immediate

Comments: Direct access to the Findel Airport, totally refurbished, well fitted, flexible floor plans, parkings, sound proofed.

Div.: N/A Availability: Immediate

Comments: Modern building, rented totally equiped, high quality standards, sound proofed.

ref.: 204443

ref.: 208700

To let

To let

Type: Office Area: 2,530 sqm Div.: 836 sqm Availability: Immediate

Type: Office Area: 4,273 sqm Div.: 444 sqm Availability: Immediate

Comments: Modern building, next to Auchan malls, flexible floor plannings, parkings.

Comments: Direct access to the Airport, totally refurbished, well lit, wide open spaces, flexible floor plannings.

ref.: 214439

ref.: 203043

To let - Howald

To let - Cloche d'or

Type: Office Area: 9,200 sqm Div.: 200 sqm Availability: Immediate

Type: Office Area: 466 sqm Div.: N/A Availability: Immediate

Comments: New buildings, many parking spaces, high quality standards, BREEAM certified.

Comments: Modern building, direct access to natural light, flexible floor plannings, recently refurbished by the landlord.

ref.: 205508

To let Roeser

Others

AV N AI EW To let LA BI LIT Type: Office Y Area: 157,25 sqm

AV N AI EW LA BI LIT Y

Type: Office Area: 2,221 sqm Div.: 237 sqm Availability: 3 months after agreement

Comments: New building, well it, flexible floor planning, sound proofed, direct access to motorways. ref.: 221809

ref.: 203566

To let - Windhof Type: Office Area:5,843 sqm Div.: 176 sqm Availability: Q1 2012

Comments: New green building, triple certification (DGNB, BREEAM, HQE) ideal location, direct access to natural lighting, close to motorways. ref.: 207027

Non contractual document

22, Avenue Monterey, L-2163 Luxembourg, Tel: +352 26 27 29

w w w .r ealcorp .lu


Luxembourg - Summer 2011

Key Figures Office market Take-Up Q2 2009 to Q2 2011 140,000 120,000 100,000 Q4 Q3 Q2 Q1

80,000 sqm

With the Grand-Duchy’s economy showing signs of recovery over the last 12 months, the office rental market has experienced renewed interest from occupiers which explains the 46% increase in the total take-up volume, passing from 51.125 sqm in S1 2010 to 74.446 sqm in S1 2011.

60,000 40,000

Transactions of space in excess of 1.000 sqm have 20,000 greatly contributed to this increase. 46.197 sqm of 0 larger footplates have been transacted in the first 2009 2010 2011 half of this year, representing an 82% increase on the take-up figure for the same period in 2010. In addition, take-up for smaller areas (below 500 sqm) have remained stable. We can therefore safely assume that the Luxembourg office market is recovering it’s traditional dynamism.

Evolution of the vacancy rate Q2 2009-Q2 2011

14% 12%

The first half of this year has seen a steady decrease in the overall office vacancy. Recovering office market take-up combined to attractive lease incentives and low building completions have resulted in a decrease in the vacancy rate from it’s peak 8.1% level in Q3 2010 to 7% by the end of the first quarter this year.

10% 8%

6.16%

6% 4%

During Q2-2011, two new building deliveries, the BHK in Kirchberg and the Marivaux at the Station both totalling over 20.000 sqm of new office space, have not affected market vacancy as they have been absorbed by the rising demand for new office space.

2%

11 2/ Q

11 1/ Q

10 4/ Q

10 3/ Q

10

10

2/ Q

1/ Q

09

09

4/ Q

3/ Q

09 2/ Q

Q

1/

09

0%

Rent per sector / medium-range rent Although the average rent of the Luxembourg Office Market has remained unchanged at €27/sqm from the previous quarter, there has been quite some movement in the prime and base rental figures.

40 36 32 ! / sqm

Prime and base rents are expected to keep rising as the vacancy levels will drop in the short to medium term, following the foreseen shortage of new office space until 2013.

44

28 24 20 16

SB UN

CO

AC H NT ER N HO W CA AL D PE LE LL UD EN EL AN BE G RT E RA NG E H ST AM RA M SS AE EN RO PO R BE T LA G AS I PE R RI CH G AR LI E M PE RT KI RC CBD HB ER G

12

M

In and around the City Centre, prime and base rents have been slightly rising, by €1 to €2/sqm in most areas, however in the peripheral sub-markets such as Howald, base rents have dropped by as far as €6/sqm.

In a few other sub-markets however, the rental brackets are narrowing, as the prime and base rents are converging. This is the case in Bertrange and the Airport district. The CBD is experiencing a new surge in rental prices, raising its base as well as its prime rent by €2/sqm each. Kirchberg’s prime rents are on a rising trend (from €30/sqm Q1-2011 to €33/sqm Q2-2011) which shows that there is a sustained demand for prime buildings in this particular district.

Non contractual document

22, Avenue Monterey, L-2163 Luxembourg, Tel: +352 26 27 29

w w w .r ealcorp .lu


Luxembourg - Summer 2011

Feature Luxembourg

Outstanding Architecture Designed by Luxembourg-based architect Moreno, One on One’s bold and unusual architecture demands attention. Composed of superimposed staggered volumes of glass and metal, this prestigious office building is attractive and practical. Its clever optimisation of building width and careful internal use of space offer high flexibility for fitting out as open-plan or partitioned offices.

Comfort and Sustainability One on One spreads over six floors and offers panoramic views from its windows and terraces. It offers comfort, cost-efficiency and sustainability through rational design and smart technologies: • Offices and support: 2,935sqm • Terraces: 167sqm • Archives: 162sqm • Indoor parking: 26 bays • Rentable area: Floor

Office m2

Terrace m2

Ground

502

1

577

5

2

573

4

3

578

5

4

462

70

5

243

83

• Maximum use of daylight • Modulation of 1,35m • Climatic and acoustic ceilings • Permanent air treatment • Automated lights • Local comfort control via a BUS system • Triple glazed windows • High thermal insulation • High yield condensation boiler • Solar hot water production

Central location One on One is located at 1 route d’Esch in Luxembourg City Centre and offers easy access to:

• Motorways ~ 1 km. • Bus ~ 100 m. • Citycenter ~ 300 m. • Station ~ 2 km.

Non contractual document

22, Avenue Monterey, L-2163 Luxembourg, Tel: +352 26 27 29

w w w .r ealcorp .lu


Luxembourg - Summer 2011

Feature

The project In Windhof is an administrative building spread over 4 floors above ground, in an Lshape on 10.000sqm gross floor area, with a roof terrace to be operated by an activities group. It has 3 environmental certifications: BREEAM, HQE and DGNB.

The concept The Solarwind is designed to showcase the “4Ps” concept: People, Planet, Profit, and Pedagogy, I.e. it supports occupants’ well being, protects the planet, effects return on investment, and offers educational tools. The roof and technical facilities can be visited and used for demonstrations and training: • The first urban wind turbine in an aministrative building • Photovoltaique solar panels • Ground source heat pumps • A biomass boiler • Solar thermal system Solarwind is designed to reduce CO2 emissions from traffic congestion, as over 80% of tenants will be cross-border (Belgium, France)

Location Located near the belgian border (4km.) and along the A6 motorway serving Belgium, Windhof benefits from exceptional accessibility: 20 mn. from Luxembourg city. Bus routes: 222, 248, 249 and 250 from Luxembourg. For more information or to arrange a viewing, please contact:

Tehdi-Edouard Babigeon

Jennifer Venne

Head of letting & sales

Agency & research

tebabigeon@realcorp.lu tel: +352 26 27 29 22 (Direct)

jvenne@realcorp.lu Tel: +352 26 27 29 34 (Direct) Non contractual document

22, Avenue Monterey, L-2163 Luxembourg, Tel: +352 26 27 29

w w w .r ealcorp .lu

RealNews Summer 2011  

RealCorp Luxembourg Newsletter Summer 2011 with Q2 2011 Key Figures, commercial real estate offers, and features on two innovative projects...

Read more
Read more
Similar to
Popular now
Just for you