Luxembourg - Summer 2011 REALNEWS Professional Real estate brought to you by
officePrestigious building 3000 sqm + Parking Summary
The One on One project at a glance p1
Our current offers p2-5
Key figures p6
Our special features: The One on One project p7
The Solarwind project 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 configu- ration and layout, parking.
ref.: 204158
To let To let Type: Office Area: 6,600 sqm Type: Office Div.: 230 sqm Area: 294 sqm Availability: Q1 2012 Div.: N/A Availability: Immediate Comments: New building well located, very high quality fittings, HQE certification, flexible floor for Comments: Recently built, planning, parking. plenty of natural light, central location, flexible floor plan- ning. ref.: 203490 ref.: 205760
AVAILABILITY NEW To let Centre
Type: Office Area: 3,900 sqm Div.: 448 sqm Availability: Contact us Comments: Great visibility, lo- cated within the Commune of Luxembourg, direct access to bus, and Belgian & French motorways. ref.: 208266
To let To let - Rue Philippe II Type: Office Type: Office Area: 342 sqm Area: 2,665 sqm Div.: N/A Div.: 333 sqm Availability: Immediate Availability: Immediate Comments: Central location, wide open space, Comments: Central location, duplex with mezzanine, access control. modern building, great visibil- ity, hign quality fittings, recep- tion desk. ref.: 200945 ref.: 208266
Non contractual document 22, Avenue Monterey, L-2163 Luxembourg, Tel: +352 26 27 29 www.realcorp.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 fit- tings.
ref.: 201135
To let - Av. de la Porte Neuve To let Type: Office Area: 1,650 sqm Type: Office Div.: 800 sqm Area: 100 sqm Availability: Immediate Div.: 50 sqm Availability: Contact us Comments: Central location, close to Glacis parking, Comments: Great location, hight quality fittings, well it, flexible floor area. easy access to motorways, period property, ideally parti- tionned, external parking pos- sible. ref.: 204575 ref.: 204575
To let Centre
Type: Office Area: 200 sqm Div.: N/A sqm Availability: Immediate Comments: Central area, du- plex, top floor, great visibility, natural light, great view on the Monterey park, parking avail- able on demand. ref.: 210606
To let To let - Rue du Fossé Type: Office Type: Office Area: 1,539 sqm Area: 1,309 sqm Div.: 316 sqm Div.: 269 sqm Availability: Immediate Availability: Immediate Comments: Close to Place Guillaume, building totally Comments: Modern building, refurbished, high quality fittings, open space, flexible well lit, green environment, floor planning, parking possible. parking.
ref.: 204504 ref.: 204828
Non contractual document 22, Avenue Monterey, L-2163 Luxembourg, Tel: +352 26 27 29 www.realcorp.lu
Strassen Bourbon / Station 22, Tel: Avenue +352 2627 29 www.realcorp.lu Monterey,Luxembourg, L-2163 tionned,- kitchenette, parti attractive be rent. to space open entrances, separate 2 tion, statrain- Comments:the tolocation, Veryclose good Availability: 01/09/2011 Div.: 100sqm Area: 253sqm Type: Office To let nal parkingspace. elevator,vate externumerous route pri- offices, of floors to 3 d'Arlon, Close Comments: Availability: Immediate Div.: N/A Area: 1,500sqm Type: Office To let station, flexible floorplanning. train to access 2010,direct in Comments: Totallyrefurbished Availability: Immediate Div.: 326sqm Area: 723sqm Type: Office To let ref.: 222644 ref.: 204005 ref.: 210655 - Current Offers Luxembourg -Summer2011 Availability: 01/12/2011 Div.: 135sqm Area: 710sqm Type: Office To let ning. plan- refurbished, floor flexible tion andPetrusse Valley, totally sta- train to Close Comments: Availability: Immediate Div.: 97sqm Area: 522sqm Type: Office To let on demand. available parking fitted, ally elevator, ide- offices, of floors property,Period5 Comments: natural lighting. (1pk/20sqm), with ratio excellent parking 2011, awards building green building, - certi fied HQE New Comments: Availability: Immediate Div.: 400sqm Area: 3,770sqm Type: Office To let two separate entrances. repair, of state good floor,bished, refur totally feature, window Ground Comments: Availability: Immediate Div.: N/A Area: 280sqm Type: Office To let
Non contractual document AVAILABILITY
ref.: 222621 ref.: 218974 ref.: 276657 ref.: 204944 NEW - Luxembourg - Summer 2011
Current Offers
AVAILABILITY NEW To let To let
Type: Office Type: Office Area: 6,278 sqm Area: 157,25 sqm Div.: 50 sqm Div.: N/A Availability: Immediate Availability: Immediate Comments: Direct access to the Findel Airport, totally re- Comments: Modern build- furbished, well fitted, flexible ing, rented totally equiped, floor plans, parkings, sound high quality standards, sound proofed. proofed. ref.: 204443 ref.: 208700
To let To let
Type: Office Type: Office Area: 2,530 sqm Area: 4,273 sqm Div.: 836 sqm Div.: 444 sqm Availability: Immediate Availability: Immediate
Comments: Modern building, Comments: Direct access to next to Auchan malls, flexible the Airport, totally refurbished, floor plannings, parkings. well lit, wide open spaces, flex- ible floor plannings. ref.: 214439 ref.: 203043 Airport / Kirchberg
To let - Howald To let - Cloche d'or
Type: Office Type: Office Area: 9,200 sqm Area: 466 sqm Div.: 200 sqm Div.: N/A Availability: Immediate Availability: Immediate
Comments: New buildings, Comments: Modern building, many parking spaces, high direct access to natural light, quality standards, BREEAM flexible floor plannings, recently certified. refurbished by the landlord. ref.: 205508 ref.: 203566
AVAILABILITY NEW To let To let - Windhof Roeser Type: Office Type: Office Area: 2,221 sqm Area:5,843 sqm Div.: 237 sqm Div.: 176 sqm Availability: 3 months Availability: Q1 2012 Comments: New green build- after agreement ing, triple certification (DGNB, Comments: New building, BREEAM, HQE) ideal location, well it, flexible floor planning, direct access to natural light- sound proofed, direct access ing, close to motorways. to motorways. ref.: 221809 ref.: 207027 Others
Non contractual document 22, Avenue Monterey, L-2163 Luxembourg, Tel: +352 26 27 29 www.realcorp.lu
Luxembourg - Summer 2011
Key Figures
Office market Take-Up Q2 2009 to Q2 2011
140,000
With the Grand-Duchy’s economy showing signs of recov- 120,000 ery over the last 12 months, the office rental market has 100,000 experienced renewed interest from occupiers which ex- Q4 80,000 plains the 46% increase in the total take-up volume, pass- Q3
sqm Q2 ing from 51.125 sqm in S1 2010 to 74.446 sqm in S1 2011. 60,000 Q1 40,000 Transactions of space in excess of 1.000 sqm have 20,000 greatly contributed to this increase. 46.197 sqm of larger footplates have been transacted in the first 0 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 10% combined to attractive lease incentives and low building completions have resulted in a decrease in the vacancy 8% rate from it’s peak 8.1% level in Q3 2010 to 7% by the end 6.16% 6% of the first quarter this year.
4% During Q2-2011, two new building deliveries, the BHK in Kirchberg and the Marivaux at the Station both totalling 2% over 20.000 sqm of new office space, have not affected market vacancy as they have been absorbed by the rising 0% demand for new office space. 1 1 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 Q3/10 Q4/10 Q1/1 Q2/1
Rent per sector / medium-range rent
Although the average rent of the Luxembourg Office 44 Market has remained unchanged at €27/sqm from the 40 previous quarter, there has been quite some movement 36 in the prime and base rental figures. 32 28
Prime and base rents are expected to keep rising as the ! / sqm 24 vacancy levels will drop in the short to medium term, follow- ing the foreseen shortage of new office space until 2013. 20 16 In and around the City Centre, prime and base rents 12 have been slightly rising, by €1 to €2/sqm in most ALD CBD HAMM GARE areas, however in the peripheral sub-markets such as BELAIR LIMPERT CONTERNHOW MUNSBACH CAPELLEN STRASSENAEROPORT Howald, base rents have dropped by as far as €6/sqm. BERTRANGE GASPERICH KIRCHBERG LEUDELANGE
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 www.realcorp.lu
Luxembourg - Summer 2011
Feature
Luxembourg
Outstanding Architecture
Designed by Luxembourg-based architect Moreno, One on One’s bold and unusual architecture demands attention. Com- posed of superimposed staggered volumes of glass and metal, this prestigious office building is attractive and practical. Its clev- er optimisation of building width and care- ful 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 • Maximum use of daylight • Terraces: 167sqm • Modulation of 1,35m • Archives: 162sqm • Climatic and acoustic ceilings • Indoor parking: 26 bays • Permanent air treatment • Rentable area: • Automated lights • Local comfort control via a BUS system Floor Office 2m Terrace m2 • Triple glazed windows • High thermal insulation Ground 502 • High yield condensation boiler 1 577 5 • Solar hot water production 2 573 4 3 578 5 4 462 70 5 243 83
• Motorways ~ 1 km. Central location • Bus ~ 100 m. • Citycenter ~ 300 m. One on One is located at 1 route • Station ~ 2 km. d’Esch in Luxembourg City Centre and offers easy access to:
Non contractual document 22, Avenue Monterey, L-2163 Luxembourg, Tel: +352 26 27 29 www.realcorp.lu
Luxembourg - Summer 2011
Feature
The project
In Windhof is an administrative building spread over 4 floors above ground, in an L- shape 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-bor- der (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 Luxem- bourg.
For more information or to arrange a viewing, please contact:
Tehdi-Edouard Babigeon Jennifer Venne Head of letting & sales Agency & research [email protected] [email protected] tel: +352 26 27 29 22 (Direct) Tel: +352 26 27 29 34 (Direct)
Non contractual document 22, Avenue Monterey, L-2163 Luxembourg, Tel: +352 26 27 29 www.realcorp.lu