Belval – market figures 2019 / 2
Page 1 Content
1. Belval Fact sheet 2. Mobility 3. Office market Luxembourg 4. Office market Belval 5. Housing market Luxembourg 6. Housing market Belval 7. Retail and services 8. Public spaces 9. Research – Innovation Campus 10. Outlook – Sales of land plots 11. Outlook – Central Square 12. Outlook – Belval South 13. Pictorama
Page 2 1. Belval – Fact Sheet - Location
Page 3 1. Belval – Fact Sheet - 1997
Transforming former industrial sites into modern urban districts – That’s the core mission of Agora !
Page 4 1. Belval – Fact Sheet - 2019
Page 5 1. Belval – Fact Sheet – Districts map 1.800 m
• Housing
• Leisure • Office • Research • Housing • Retail • Restaurants
800 m • Housing • Education
• Office • Retail • Housing • Restaurants
Page 6 1. Belval – Fact sheet
. Located at Esch-sur-Alzette and Sanem in the southern region of Luxembourg
. 120 ha total surface according to Masterplan 2002
. 1,350,000 m 2 gfa: 600,000 m 2 public sector and 750,000 m 2 private sector
. 300,000 m 2 gfa office, 350,000 m² gfa housing, 100,000 m 2 gfa shopping / leisure / hotel / service facilities in private development
. Currently more than 1,050,000 m² gfa sold => 78% of the entire program
. 667,000 m2 finished or under construction => 50 % of the entire program
Page 7 1. Belval – Fact sheet
. More than 8,000 inhabitants, about 3,100 already on site including students and CIPA residents
. Up to 25,000 jobs, 9,300 workers already on site every day
. 5,700 students and pupils on site. 8,000 foreseen
. Around 200 companies, shops and public institutions already on the site
. Direct motorway access, 25 minutes to the airport
. Existing direct train link from the greater region, station Belval-Université on site, walking distances within the location
. Efficient bus connexions to Luxembourg, Esch and Metz
. Today, largest area with preliminary certificate in gold by DGNB for sustainable development
Page 8 2. Belval – Mobility – Site map
Page 9 2. Belval – Mobility - Car
Source: Statec Source: Google maps Page 10 2. Belval – Mobility - Car
Source: Statec Source: Google maps Page 11 2. Belval – Mobility - Train
Belval-Université station : Morning travel times in rush hour : • Direct trains to Luxembourg every 15 minutes (25 min travel time) • Thionville: 36 min • Direct trains from Luxembourg every 15 minutes (25 min travel time) • Metz: 60 min • Connexions from Luxembourg station to Belgium, France and Germany • Arlon: 1h 04 min • P&R 1,600 spaces
Page 12 2. Belval – Mobility - Bus
Accessibility in Belval trough the following lines:
• TICE Line 1 : Esch - Belvaux - Lamadeleine 1 • TICE Line 2 : Esch - Soleuvre - Differdange 0 • TICE Line 3 : Esch - Belvaux - Bascharage - Rodange • TICE Line 4 : Belval - Esch - Schifflange - Dudelange L • TICE Line 7 : Belval - Esch - Lallange i • TICE Line 15 : Esch - Belval - Bascharage - Clemency n • RGTR Line 202 : Luxembourg - Belvaux - Obercorn e • RGTR Line 203 : Luxembourg - Soleuvre - Differdange s • RGTR Line 332 : Steinfort - Garnich - Belval • RGTR Line 750 : Niedercorn - Steinsel
5 additional crossboarding lines :
• RGTR Line 306 : Trier (D) - Cloche d’Or - Belval • RGTR Line 309 : Perl (D) - Frisange – Belval • RGTR Line 325 : Luxembourg - Differdange - Hussigny (F) • RGTR Line 322 : Esch - Rédange (F) • Line Metz (F) – Belval (+/- 55 min travel time)
Page 13 2. Belval – Mobility – Bike / Pedestrian
Page 14 3. Office market - Luxembourg
Office stock evolution in Luxembourg
Pipeline: 2019:
. +/-363,000 m²
. 92% of pipeline 2019 already committed
Source: Agora 2020: Development pipeline . +/- 218,000 m²
. 83.000 m² available
2021:
. +/- 148,000 m²
. 96,000 m² available
Source: CBRE Research
Page 15 3. Office market - Luxembourg
Stock per district
Center City belt Periphery
Belval is the biggest periphery district (5% total market share)
Source: JLL Research Page 16 3. Office market - Luxembourg
Take-up & vacancy rate evolution in Luxembourg
Source: Inowai Research
. Take up 2018: 245,000 m²
. Take up H1 2019: 41,900 m²
. Take-up 5 years average: 220,000 m²
. Vacancy H1 2019: 3.78%
. Vacancy: 4 - 7 % during last years, large spread within different areas
Page 17 3. Office market - Luxembourg
Monthly rents per district Prime yields evolution in Luxembourg
Source: Savills Research Source: Inowai Research
Investment volume evolution in Luxembourg
Belval: brand new buildings for a low rent level !
. Prime Yield: 3.7 % . Prime Yield Periphery : 6% . Invest volume H1 2019: 779 Million €
Source: Inowai Research Page 18 4. Office market - Belval
Office stock evolution in Belval
H1 2019:
Private Office stock: 108,167 m²
Public Office stock: 117,990 m²
Total Office stock: 226,157 m²
18% market share since 2006
Source: Agora
Page 19 4. Office market – Belval - Perception and experience
1 9 out of 10 employees think that 2 3 out of 4 employees prefer to work in Belval Belval is developing with a good / compared to their previous job location. very good dynamic.
Belval
3 More than 8 out of 10 employees 4 Service and leisure offers are evaluated who have worked in Luxembourg very positively by employees. prefer Belval.
Source: Quest: Perception and experience of employees working at the Belval 1/2 site -Based on a panel of 504 employees interviewed by institutions and companies - June 7, 2019 Page 20 4. Office market – Belval - Perception and experience
6 Between 9 and 7 out of 10 employees plan a very positive future for Belval .
5 Belval's accessibility is evaluated by 8 out of 10 employees as good / very good.
Belval's accessibility
7 Between 9 and 7 out of 10 employees confirm Belval as a contemporary, practical and pleasant site.
This accessibility is much better than that of other business districts in Luxembourg.
Perception and experience of employees working at the Belval 1/2 site Source: Quest Based on a panel of 504 employees interviewed by institutions and companies - June 7, 2019 Page 21 4. Office market - Belval
Take up and vacancy rate Take Up:
Take up H1 2019: • Office: 13,748 m² • Retail: 2,826 m²
Number of transactions: • Office: 8 • Retail: 6
Pre-letting 2019: • Office 44,194 m² • Retail 3,935 m²
Vacancy:
Vacancy H1 2019: • Office: 10,998 m² • Office rate: 4.86 %
Vacancy rate go on decreasing despite new deliveries
page 22 4. Office market - Belval
Pipeline 2019 – 2021
2019:
1 Maisons des Laboratoires 34,854 m 2 2 Naos (delivered) 13,204 m 2 3 Rouden Eck 4,460 m 2 1 Total private pipeline 17,664 m²
Total public pipeline 34,850 m²
Total pipeline 2019 52,518 m²
2 3 Total pipeline 2020 6,804 m²
Total pipeline 2021 8,748 m²
98% of pipeline 2019 already rented !
Page 23 5. Housing market - Luxembourg
28% 70%
Population region Sud
• 70% of the population is concentrated in the south part of the country.
• 28% of the population is concentrated in the 11 communes of the south region => 167,000 inhab.
• The population of the south region is growing. Growth will continue to rise in the coming years.
Page 24 5. Housing market – Luxembourg
Average sell prices evolution.
+ 62% in 10 years
Esch: 5,498 €/m² Sanem: 5,735 €/m² Belval: 6,179 €/m²
Page 25 5. Housing market - Luxembourg
Evolution of price level to rent
. Rental level for apartments: . Country average 19.91 €/m² . Esch: 17.98 €/m² . Sanem: 16.98 €/m²
. Rental level for houses: . Country average: 14.11 €/m² . Esch: 12.65 €/m² . Sanem: 12.67 €/m²
Source: Observatoire de l‘Habitat Page 26 6. Housing market - Belval
Residential stock in Belval. 1,711 accomodations already built: Future Hospital 923 accomodations (flats / houses)
120 seniors residential units
668 student accomodations
Ground school High school 1,500 students Under construction More than 150 new accommodations per year !
Page 27 7. Retail & Services - major retails
BelvalPlaza: Other: Hotel: 2 • Total m 2 shopping: 36,500 m 2 • Retails: 16 • Rooms: 180 • Retails: 45 • Restaurants/ bars: 11 • Parking sp.: +/- 160 • Restaurants/bars: 13 • Leisure facilities: 4 • Leisure: 5 • Parking spaces: 853 Page 28 7. Retail & Services - major retail brands
. Terrasse des Hauts-Fournaux: 50,000 m² gfa shopping, restaurants, cinema . Potential space in Square Mile: 50,000 m² gfa
Page 29 7. Retail & Services – major restaurants & bars
Page 30 7. Retail & Services - Services
Page 31 7. Retail & Services – Leisure facilities
3
2 1
1 Rockhal 2 Ciné Belval 3 Parc “Um Belval” • 1 concert hall up to 6,500 people • 7 theaters • 8 ha • 1 concert hall up to 1,200 people
Page 8. Belval – Public areas
6
7 1
5
2 4 3
1 Place de l’Université 4 Hauts-Fourneaux 7 Place CIPA 2 Place de l’Académie 5 Parc « Um Belval » 3 Place des Archives 6 Plateau Saint Esprit
Page 33 9. Research - Innovation Campus
Page 34 9. Research - Innovation Campus
1 Maison du Savoir
2 Maison du Nombre
3 Maison des Sciences Humaines
4 Maisons des Laboratoires 4 1 5 Maison des Arts & des Etudiants 1 4 3 5 6 2 Luxembourg Learning Center 1 LIST 2 3 2 Start Up Center - Technoport 6 4 3 Biotech 5 4 Maison de l’Innovation 5 Biotech II
page 35 9. Research - Innovation Campus
Existing buildings under activity.
Luxembourg Learning Center : It’s the library of the University which has moved in one of the main vestiges of the iron and steel industry. The “Luxembourg Learning Center" will be open to all students and University’s staff, searchers but also to all citizens.
Maison du Savoir : The « Maison du Savoir » is the central building of the University of Luxembourg and the « Cité des Sciences ». It houses the central administration, amphitheatres as well as general teaching infrastructures of the University of Luxembourg. There are also rooms that can be used for public or private seminars.
Maison des Sciences Humaines : The "Maison des Sciences Humaines“ hosts researchers and students of the faculty of arts, social-sciences, languages and Education. It houses also the Social Research Institute (LISER).
Maison du Nombre : The «Maison du Nombre” is provided for mathematics and IT. The buildings accommodate specific research and teaching activities. The university's computer center is also located in-there.
Maison des Arts et des Étudiants : The "Maison des Arts et des Etudiants" accommodates various social, cultural and artistic events such as concerts, exhibitions or receptions. It also houses student associations.
Maison de l’Innovation : Among other things, this building houses partly the activities on the part of the Luxembourg Institute for Science and Technology (LIST).
House of Biomedicine : This building houses the Luxembourg Center for Systems Biomedicine (LCSB), an interdisciplinary center for research in biotechnology. The building consists mainly of laboratories with integrated office spaces.
Halls d’Essais des Ingénieurs : This hall hosts test laboratories regarding materials studies.
Technoport: It is a business incubator working very closely with the various faculties of the University of Luxembourg.
Page 36 9. Research - Innovation Campus
Buildings under construction:
Maisons des Laboratoires: These buildings will be dedicated to the domain of material research as well as the engineers' test halls.
Upcoming Buildings:
•Maison des Ingénieurs
•Maison de l’Environnement
•Maison de la Vie
Page 37 10. Outlook – Sales of land plots
Sold
More than 1,050,000 m² gfa already sold !
Page 38 11. Central Square - Outlook
• Most representative district of Belval • Located in the heart of the site • District including a wide pedestrian zone • Mixed use: office, retail and residential • Total construction capacity: 193,000 m² • Total of 13 plots of lands • District providing a great felixibility with buildings between 2,000 and 23,000 m² • 3 plots already sold by architect contest • 5 plots under exclusivity • Architectural contest for the public square done
Central Square: where Belval’s heart beats
Page 39 11. Central Square - Outlook
Independent building size starting at 2,000 m² Mixity is an added-value
Architectural global concept with several heights and internal gardens.
Page 40 11. Central Square – What‘s up
Architectural contest done
Page 41 11. Central Square – What‘s up
Plots sold Plots under exclusivity
Page 42 12. Belval South - Outlook
School complex • Future residential district including services • New ground school under construction • Around 650 single family homes foreseen • Total construction capacity :100,000 m² GFA • 77% for housing • Residential in a green landscape • PAP foreseen in 2020
Belval South: Family first
Page 43 13. Pictorama - Public Constructions
Page 44 13. Pictorama - Private Constructions
Page 45 13. Pictorama - Private projects
Page 46 13. Pictorama - Private projects
Page 47 13. Pictorama - Private projects
Page 48 13. Pictorama - Public Spaces
Page 49 Contacts
Vincent Delwiche | Directeur Général Robert Kocian | Directeur Marketing et Développement
Agora s.à r. l. et Cie. | 3, avenue du Rock ’n Roll Agora s.à r. l. et Cie. | 3, avenue du Rock ’n Roll L-4361 Esch-sur-Alzette | Luxembourg L-4361 Esch-sur-Alzette | Luxembourg [email protected] | www.agora.lu [email protected] | www.agora.lu
Jean-Xavier Foidart | Responsable de Développement
Agora s.à r. l. et Cie. | 3, avenue du Rock ’n Roll L-4361 Esch-sur-Alzette | Luxembourg [email protected] | www.agora.lu
Page 50