Credit: Immobel
On Wednesday 19 January 2022, Immobel and TotalEnergies announced an agreement concerning the acquisition by Immobel of two plots near Gasperich for residential housing development.
The two lands are located at 310-312 Route d’Esch, at the junction between the Cloche d’Or business district and the residential district of Cessange, with total area of 40 acres.
Immobel, largest listed property developer in Belgium, plans to build 135 housing units with over approximately 10,000 m2 floor area.
One of the TotalEnergies fuilling stations are currently located on the site. According to the signed agreement, the filling station will stop its activities between end of 2024 and beginning 2025. After demolition and remediation works, the construction of the new residences will start in the spring of 2025 with completion 24 months later.
Muriel Sam, Head of Development Immobel Luxembourg, in charge of this project, said: “In this rapidly changing economic and social context, our project aims to anticipate the specific expectations of its future residents. This development will be based on our sustainable development matrix aimed at improving the quality of life of users while reducing the carbon footprint.”
Patrick Schnell, Managing Director of TotalEnergies Marketing Luxembourg, added: “Immobel has been selected following a request for tenders. Throughout the process, they persuaded us to opt for a global change of use of the two plots to the benefit of a programme that is mostly residential, anchored in sustainability and the creation of value.”
This transaction was arranged by Commercial Real Estate in Luxembourg (CBRE).
