Credit: Bpi Real Estate
On Tuesday 10 November 2026, Paul Wurth Real Estate announced that it had signed a sale agreement (compromis de vente) with a consortium formed by Baltisse Real Estate and BPI Real Estate Luxembourg to redevelop a former industrial site in Luxembourg-Gare-Hollerich.
According to BPI Real Estate Luxembourg, the agreement concerns a historic site located between Rue de Hollerich and Rue Wenceslas Ier, formerly occupied by Paul Wurth's manufacturing operations.
The special development plan (plan d'aménagement particulier - PAP), approved in 2023, and the implementation agreement, approved in 2025, now allow the consortium to plan the development of a mixed-use complex comprising approximately 34,600 sqm of above-ground floor space, combining offices, housing and commercial premises.
The project forms part of the ongoing transformation of the Gare and Hollerich districts. It will create a new urban connection between the central railway station, the Cité de la sécurité sociale and the future Nei Hollerich district.
Since the demolition of the former industrial halls in 2020, the site has been preparing for a new chapter in its history. Infrastructure works on the site and in the surrounding district are planned for the coming months, while the future extension of the tram line to Route d'Esch will eventually improve the site's accessibility and integration into the wider urban transformation of this part of Luxembourg City.
Gilles Feider, CEO of Paul Wurth Real Estate, said: "We are proud to contribute to this major urban transformation and look forward to seeing this new part of the city come to life. Located between the central railway station and the new Nei Hollerich district, this development will help initiate the transformation of an entire district of the city from its eastern end."
Alex van Ravels, CEO Real Estate at Baltisse Real Estate, said: "Investing in Luxembourg today means affirming our confidence in the city's future and in the strength of its property market. Baltisse has long-standing ties to Luxembourg and intends to continue contributing to its development. This mixed-use project, ideally located near a major multimodal transport hub, illustrates this ambition and our desire to actively participate in the urban renewal of the Gare–Hollerich district."
Sébastien Labis, Country Director at BPI Real Estate Luxembourg, said: "We are very pleased with this first collaboration with Baltisse in Luxembourg. We are committed to developing an attractive and sustainable project, offering a range of facilities adapted to current market needs and contributing fully to the renewal of the Gare district."
As part of the transaction, Paul Wurth Real Estate was advised exclusively by BNP Paribas Real Estate and by Dentons on legal matters. The BPI-Baltisse consortium was assisted by Loyens & Loeff.
