Nextensa and Promobe Secure Long-Term Lease for New Offices
Nextensa and Promobe Form a Strategic Partnership
Nextensa, a prominent player in mixed-use real estate, has joined forces with Promobe through their joint venture Grossfeld to enhance Luxembourg's urban landscape. The duo has signed a significant long-term lease agreement for the newly developed Terraces office building, a move aimed at further solidifying their presence in the real estate market.
Details of the New Office Lease
The strategic lease, spanning nine years, encompasses the entire Terraces office building in the emerging Cloche d’Or district. This landmark structure will serve a reputable financial institution, reflecting Nextensa's commitment to shaping modern work environments.
Building Specifications and Design
Designed by the acclaimed architect Moreno, the Terraces office building is designed with sustainability in mind. It comprises five upper levels and a ground floor, offering an expansive 4,703 m² of lettable office space within a total constructed area of 5,028 m². Rent is competitively priced at €40/m² per month, indexed for future adjustments. The project has already acquired a construction permit, with activities set to commence soon, aiming for completion by the second quarter of 2027.
Commitment to Sustainability
This project is not merely about office space; it underscores the dedication of Nextensa and Promobe to environmental stewardship. They aim to achieve BREEAM Outstanding and WELL Gold certifications, which are standards reflecting high-level architectural environmental performance and occupant well-being.
The Significance of Cloche d’Or District
The Cloche d’Or district, where the Terraces is located, is rapidly evolving into one of Luxembourg's most vital urban areas. Positioned at the convergence of boulevard de Kockelscheuer and rue de Mercator, this district allows for seamless access and integration into the lively ambiance of the city.
A Dynamic Urban Ecosystem
Cloche d’Or not only houses office spaces but also mixes residential, retail, and leisure facilities. With over 120,000 m² of office area already in place and a new tram service inaugurated recently, this area is transforming into a rich urban ecosystem, attracting a plethora of businesses and residents.
Nextensa's Vision and Mission
As a leading real estate investor and developer, Nextensa focuses on a range of projects that include office spaces, retail environments, and residential initiatives across Luxembourg and beyond, notably in Belgium and Austria. Their forward-thinking approach equips them to meet contemporary urban demands.
Promobe's Role in Real Estate Development
Promobe is recognized as a significant contributor to real estate development in Luxembourg, with a portfolio showcasing diverse urban projects. Their partnership with Nextensa augments their capacity to champion innovative designs that resonate with current tenant needs.
Contact Information for Inquiries
If you have questions or need further clarification on this project, the following contacts are available:
NEXTENSA
Michel Van Geyte - Chief Executive Officer
Phone: +32 2 882 10 08
Email: michel.van.geyte@nextensa.eu
PROMOBE
Press Relations: Axelle Graisse - Group Marketing & Communication Manager
Phone: +352 621 892 102
Email: axelle.graisse@promobe.lu
GROSSFELD (Promobe & Nextensa joint-venture)
Investor Relations: Patrick Labey - Manager
Phone: +352 248393-1
Email: patrick.labey@grossfeld.lu
Frequently Asked Questions
What is the duration of the lease for the Terraces office building?
The lease is set for a nine-year term.
Who are the architects behind the Terraces office building?
The building has been designed by architect Moreno.
What sustainability certifications does the project aim to achieve?
The project aims for BREEAM Outstanding and WELL Gold certifications.
What is the total lettable space available in the building?
The Terraces offers 4,703 m² of lettable office space.
What is the rental price for the office space?
The rental rate is €40/m² per month and is index-linked.
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