Real estate and construction in Luxembourg

Arendt & Medernach

Arendt & Medernach has a strong and long tradition handling commercial real estate transactions where it draws upon pure practice area expertise, as well as funds, corporate and litigation prowess. Christian Point, who is 'on top of what is going on in the market not only from a legal but also a business point of view', regularly advises developers and construction firms across a range of contentious and non-contentious mandates. As part of his investment fund offering, Claude Niedner is regularly engaged in structuring investment vehicles investing in real estate assets. Pierre Beissel co-heads the team alongside Point and has a strong reputation on fund structuring as well as private equity-led real estate transactions.

Practice head(s):

Pierre Beissel; Christian Point

Other key lawyers:

Claude Niedner; Carsten Opitz; Bob Calmes; Rodrigo Delcourt; Yves Lacroix


They master the subject, with extensive knowledge and understanding. Their answers are solid, practical and reliable.’

‘Christian Point is on top of what is going on in the market not only from a legal but also a business point of view.’

Christian Point has extensive knowledge and a deep understanding of all the issues in the matter. His recommendations are always well balanced and viable.’

Key clients



Alliance RE

AXA Real Estate Investment Managers

CB Richard Ellis

LCN Capital Partners

Macquarie Group


Besix Group


Work highlights

  • Advised Belgian construction company BESIX RED on all real estate and contractual law and technical aspects of the sale, as a share deal, of the ICÔNE building in Belval, Luxembourg (18,747m²), already let to Société Générale Luxembourg, to AG Real Estate.
  • Assisted the Macquarie Group on the set-up of one unregulated alternative investment fund in the form of special limited partnerships (Société en Commandite Spéciale) “MREP” to pursue global opportunistic real estate investment opportunities.
  • Advised SIGNA Real Estate, in the context of the acquisition via a share deal of the office complex “Victoriastadt-Lofts” in Berlin, which was estimated to be the largest office real estate transaction in Berlin in 2021.


Dentons' four-strong team 'combines high technical and negotiation skills' on behalf of a broad range of stakeholders, ensuring that it is well-placed to advise on significant domestic developments, as well as providing the Luxembourg structuring on large cross-border European real estate deals. 'Very experienced and focused' team head Martine Gerber-Lemaire has 'in depth knowledge of most aspects in real estate', including development projects, financings and disposals, as well as lease negotiations for tenants and landlords. Senior counsel Christel Dumont is also an integral member of the team and 'has deep knowledge of real estate, not only on legal matters but also on technical elements'. 

Practice head(s):

Martine Gerber-Lemaire

Other key lawyers:

Christel Dumont; Clémence Personne


‘It is the perfect all round service firm with professional, very competent people who know the market and understand international business.’

The team combines high technical and negotiation skills.’

‘Martine Gerber-Lemaire is absolutely great and a real pleasure to work with. We have learnt to know her as very experienced, focused, with in depth knowledge of most aspects in real estate, a very respected lawyer. A pragmatic negotiator who works very hard to achieve the best results for her client.’

‘Christel Dumont is extremely dedicated and very experienced, available and always delivers high-quality assistance on time even under stressful situations. She stands out also because she has deep knowledge of real estate, not only on legal matters but also on technical elements.’

Key clients


BPI Real Estate + Unibra (joint venture)

BPI Real Estate + IKO (joint venture)

Work highlights

  • Advised Fidentia on the sale of Faïence, the owner of a 1,927 sq.m. office building located rue Jans 10 in Luxembourg.|Fidentia – Fidentia Belux Offices has sold Faïence SA
  • Advised a joint venture between two real estate developers, BPI and Unibra, on a new real estate development in Luxembourg called “The Roots”, including the acquisition of the plot of land and structuring.|BPI and Unibra to develop ‘The Roots’, a major mixed-used wood project in Belval.
  • Advised BPI and IKO on the development of an office building in wood, full rent to Bâloise Insurance and CLE, and a joint venture with Acron Real Estate Investments in view of a full sale at the handing-over of the building.

Elvinger Hoss Prussen

Drawing upon the expertise of funds, corporate, finance and tax practitioners, in particular, the multidisciplinary practice at Elvinger Hoss Prussen 'displays a very collaborative approach' to developers, end users and investors engaged in major domestic development projects. Nathalie Prüm-Carré is a pivotal member of the team and is particularly valued on significant "brownfield" development projects where she is able to leverage her excellent zoning and environmental law expertise. Leveraging her corporate and private equity expertise, the 'exceptional' Stéphanie Pautot , who was recently promoted to partner, excels at advising clients on acquisition, disposal, financing, and due diligence issues related to major real estate projects. Léon Gloden heads the team.

Practice head(s):

Léon Gloden

Other key lawyers:

Nathalie Prum-Carré; Michel Nickels; Stephanie Pautot


The firm displays a very collaborative approach to work in the space.’

‘The exceptional Stephanie Pautot is very calm and pleasant.’


Key clients

Batipart Invest

Codic Luxembourg SA

Red Cross Luxembourg

ArcelorMittal Luxembourg Sàrl

Codic Luxembourg SA

Atlas Holdings LLC

Work highlights

  • Advised Batipart Invest on all legal steps of the restructuring of its Luxembourg subsidiaries holding the Sofitel, Novotel, Novotel Suites and Mama Shelter hotels located in Kirchberg and near to the station.
  • Assisting Codic Luxembourg on the acquisition of a Luxembourg company holding two buildings of almost 20.000 sqm located on a land of around 3 hectares in Howald in view of its redevelopment.
  • Advised ArcelorMittal Luxembourg Sàrl on the sale of their land of 63 hectares located in Esch-Schifflange in the south of Luxembourg to Agora Sarl and Cie in view of converting this brownfield site in a new city quarter “Quartier de l’Alzette”.


Drawing upon ‘deep knowledge of the real estate sector’ and also collaborating well with other departments, including corporate, finance and litigation, KLEYR GRASSO provides ‘extremely reliable and responsive’ advice to public and private sector stakeholders engaged across a range of domestic contentious and non-contentious matters. Yasmine Poos has ‘specialized knowledge across many real estate topics’, including advise on lease agreements, sale and purchase of commercial property and real estate-related administrative law issues. Poos is also a formidable litigator and alongside ‘very responsive and competent’ co-head François Collot is regularly engaged in major disputes in the sector.

Practice head(s):

François Collot; Yasmine Poos

Other key lawyers:

Henry De Ron; Fanny Mazeaud; Mélanie Trienbach


‘They have deep knowledge of the real estate sector and collaborate well with other departments.’

The team is extremely reliable and responsive.’

‘Jasmine Poos is an excellent lawyer who has specialized knowledge across many real estate topics. She is very reactive and provides high quality and realistic advice to her clients.’

‘François Collot has always been very responsive and competent.’

Key clients

IKO Real Estate

CIT Blaton

Fonds du Logement



lux-Airport S.A.

Les Jardins du Luxembourg / Thomas & Piron

Ministère de la Mobilité et des Travaux Publics


Tracol Immobilier

Work highlights


Drawing upon an 'excellent knowledge of the market', Linklaters provides a 'high level of service' to institutional investors, end users and developers across a range of downstream investment work relating to office, retail and logistic buildings. 'Results-oriented' counsel Anton Cox has a superb reputation handling share-related real estate M&A work and regularly takes the lead on mandates for international clients seeking to acquire assets in Luxembourg, where he regularly works alongside practitioners from the corporate, funds and tax practices.

Practice head(s):

Patrick Geortay

Other key lawyers:

Melinda Perera; Anton Cox; Bart Vermaat


‘The firm provides a high level of service.’

They are very competent and has excellent knowledge of the market.’

‘Anton Cox is exceptional: results oriented, quick, practical, to the point, reliable and is able to explain complicated topics in plain English.’

Key clients

CBRE investment Management/ PEC Holdings

Schroders Capital

UBS Real Estate GmbH

Cardif Lux Vie SA

Work highlights

  • Advising Schroders Capital on the acquisition (through a share deal) of the office building Kubik (9.670 sqm), on behalf of its pan European funds core / core+.
  • Advising UBS Real Estate GmbH on the entry into a lease agreement with UBS Europe SE, Luxembourg Branch in relation to a building located L-1855 Luxembourg, Avenue J. F. Kennedy 33A.
  • Advising Cardif Lux Vie on the acquisition from Baltissimmo Lux SA (through the acquisition of all the shares in AXS Howald 5 SARL), of a building in the process of being built located 20 rue des Scillas in L-2529 Howald, that will host Cardif’s new HQ.

Allen & Overy Luxembourg

Although it was weakened at a senior level by the departure in February 2022 of former team head Serge Hoffmann to PwC Legal Luxembourg, Allen & Overy Luxembourg still maintains a strong presence in the market, particularly in the context of downstream M&A-related real estate work for funds clients. Senior associate Philippe Eicher is appreciated for his 'wide knowledge of and connections within the real estate market in Luxembourg’ and heads up a small team, which is nevertheless able to punch above its weight by dint of its ability to leverage the expertise of other strong transactional lawyers, including Jacques Graas, whose wide-ranging M&A practice regularly includes advice on real estate matters.

Practice head(s):

Philippe Eicher

Other key lawyers:

Jacques Graas; Andreas Hommel


‘The very competent team provides very client focused and reactive advice.’

‘Philippe Eicher has wide knowledge of and connections within the real estate market in Luxembourg.’

‘Philippe Eicher has a deep knowledge of real estate practice.’

Work highlights

Baker McKenzie

The 'very professional' three-partner team at Baker McKenzie provides 'thorough, clear and useful advice' to end users, investors and developers, in the context of acquiring and disposing of large office space in Luxembourg. Jean-François Trapp has 'deep knowledge of the real estate market' and as well as taking the lead on many significant domestic mandates, is also well-versed in advising sponsors and lenders implementing Luxembourg vehicles to finance real estate mandates throughout Europe. Jean-François Findling co-heads the team alongside Trapp and has some experience advising on real estate transactions as an offshoot of his broader corporate/M&A practice.

Practice head(s):

Jean-François Trapp; Jean-Francois Findling

Other key lawyers:

Elodie Duchêne; Ana Vazquez; Manuela Dias Marquez; Aline Koenig


The very professional team provides thorough, clear and useful advice.’

‘Jean-François Trapp has deep knowledge of the real estate market.’

Work highlights

Clifford Chance

Combining local experience with international best practice and know-how, Clifford Chance‘s real estate team, which is led by Albert Moro,  provides ‘well thought-out and practice-oriented analyses and solutions’ to clients across the gamut of major Luxembourg-based development projects, hotels, commercial, office buildings and co-living projects. Counsel Sébastien Schmitz provides ‘excellent advice’ to developers and investors engaged in Luxembourg-based real estate transactions and is the main contact for clients on a day-to-day basis for commercial property mandates.

Practice head(s):

Albert Moro

Other key lawyers:

Sébastien Schmitz; Alma Custovic


The team always provides well thought-out and practice-oriented analyses and solutions.’

Sébastien Schmitz has always provided us with excellent advice. His competence, solution-orientation and perseverance are unique. We think he is certainly one of the best lawyers in his field in Luxembourg.’

Key clients

ICN Development


Abu Dhabi Investment Authority (ADIA)


Work highlights

  • Advising ICN on the redevelopment (encompassing town planning and environmental aspects) of the site of nearly 46,000 sqm of buildable area (mix of residential, office and commercial spaces) which will be called “Faïencerie”, which is to become a vibrant and dynamic neighbourhood.
  • Advising LUX-AIRPORT on the first phase of its global real estate development within the airport area called “Airport City” (“Skypark Business Center South”).
  • Advising Grossfeld PAP SICAV-PAP on the development of the new brand headquarters of the Italy’s biggest bank Intesa San Paolo of approx. 10,830 sqm and eight floors.

DSM Avocats à la Cour

Real estate is a core area of focus for independent law firm DSM Avocats à la Cour and the firm has developed deep market knowledge and connections with core stakeholders in the space, as a result of its involvement throughout the life cycle of office, commercial and residential projects. Key to the firm’s success in the area is the work of ‘outstanding’ team head Mario Di Stefano, who takes a hands-on approach to work in the space and provides a partner-led service on behalf of clients, from securing acquisition of the land, advice on zoning/environmental issues, lease negotiations and divestment of the property.

Practice head(s):

Mario Di Stefano


‘The firm provides speedy and effective legal advice with good, organised teamwork. It is highly sophisticated and provides prompt responses.’

It is a dynamic team.’

The outstanding Mario Di Stefano is reliable, very responsive and provides practical solutions.’

Work highlights

  • Advised EuroCaution, a Luxembourg insurance broker specialized in providing a broad range of real estate guarantees to real estate sector professionals in Benelux.
  • Counsel for ICN on its real estate development projects including acquisitions, development, construction and leasing contracts, structuring of financing and securing of group financing through various entities, real estate acquisitions and setting up partnerships with various actors in the real estate sector.

Loyens & Loeff

The 'responsive' cross-practice team at Loyens & Loeff, which effectively draws upon the expertise of corporate, investment funds, finance and tax practitioners from across the firm's full-service offering, provides 'solutions-oriented advice' to clients across a wide range of transactional real estate work. Although the team's competence at handling domestic real estate work was recently enhanced by the arrival of the 'brilliant' Julien Lecler, who relocated from the firm's Brussels office, it is perhaps best-known for its work on behalf of investment funds advising on the Luxembourg structuring aspects associated with cross-border real estate transactions. In this context, Anne-Marie Nicolas regularly advises borrowers on real estate-related new money and refinancing mandates. Véronique Hoffeld co-heads the team alongside Nicolas and has a focus on real estate litigation and pre-litigation matters.

Practice head(s):

Véronique Hoffeld (Real Estate and Litigation & Risk Management); Anne-Marie Nicolas (Real Estate Finance)

Other key lawyers:

Sabrina Martin; Veronica Aroutiun; Peter Moons; Siobhán McCarthy; Julien Lecler; Elie-Raphaël Soudry; Ana Andreiana; Tom Hamen


‘The team is responsive and provides solutions-oriented advice.’

They have a good knowledge of the industry.’

‘Their availability and dedication are highly appreciated, and they have proven to be able to provide fully integrated services to international clients engaged in cross-border real estate transactions.’

‘Julien Lecler is a brilliant lawyer with a very good knowledge of the real estate industry.’

Key clients

Brookfield Asset Management

European Investment Bank

IMFARR Beteiligungs GmbH


The Olayan Group

Highbrook Investors

Atenor SA

Edmond de Rothschild REIM

Real I.S. AG

LaSalle Investment Management

Simon Property Group

MARK (formerly Meyer Bergman)

AG Real Estate


Edge UK Management Ltd

Work highlights

  • Advised Brookfield Asset Management on more than ten real estate- related matters, representing more than €7 bn including the acquisition of a $650m Lower Manhattan mixed-use project.
  • Assisted EDGE, a sustainable real estate developer, in connection with its joint venture with Goldman Sachs Asset Management which aims to deliver the blueprint for sustainable new office development in London to be known as “EDGE London Bridge” for £200m.
  • Advised AG Real Estate on the acquisition in forward sale of 100% of the shares of the company B-9 S.A., owner of the office building ICÔNE in Belval, Luxembourg.

MOLITOR Avocats à la Cour SARL

Resourcing matters for public and private sector stakeholders utilising practitioners with core real estate/construction knowledge, as well as often implementing a cross-practice approach, including M&A and litigation experts, MOLITOR Avocats à la Cour SARL is well-placed to advise public and private entities across a range of domestic commercial property transactions. Well-versed across the panoply of real estate, zoning and environmental issues,  Stéphanie Juan is the main contact for advising investors, funds, developers and end-users on real estate-related transactional work, while Paulo Lopes Da Silva heads up the contentious limb of the practice.

Practice head(s):

Stéphanie Juan; Paulo Lopes Da Silva

Other key lawyers:

Jacques Wolter; Sophie Lamothe; Stefano Tesone


‘The team has great knowledge and understanding of the construction business.’

‘They know not only the legal environment, but also basics of the construction work.’

Work highlights

PwC Legal Luxembourg

The arrival of Serge Hoffmann in March 2022 from Allen & Overy Luxembourg has vastly increased PwC Legal Luxembourg‘s market recognition, in light of his longstanding expertise in the space. Praised for his ‘high technical knowledge’, Hoffmann heads the team and has already picked up a raft of work for funds and developers on their Luxembourg real estate matters.

Practice head(s):

Serge Hoffmann

Other key lawyers:

Catherine Baflast


‘Serge Hoffmann has a strong knowledge (even technical), is precise, rigorous and very good in negotiations.’

‘Serge Hoffmann always goes the extra mile which provide trust and security.’

Work highlights

SJL Jimenez Lunz

Independent business law boutique SJL Jimenez Lunz provides 'responsive and knowledgeable' advice to borrowers and lenders engaged in real estate finance deals and is praised for its ability to 'structure the financing of any transaction and put in place the best security package possible in a very short period of time'. Antoine Fortier Grethen has galvanised the firm's offering in the space following his move from Loyens & Loeff in June 2021 and 'provides good commercial and practical advice', to clients engaged in domestic as well as cross-border financing mandates. Michel Jimenez Lunz heads up the overarching banking and finance offering at the firm and also regularly handles work in the real estate sector.

Practice head(s):

Michel Jiminez Lunz; Antoine Fortier Grethen

Other key lawyers:

Charline Dubas


‘The team is responsive and knowledgeable.’

‘They know the real estate sector quite well and they are able to structure the financing of any transaction and put in place the best security package possible in a very short period of time.’

‘The team can be very innovative when it comes to finding a way to structure a complex deal.’

Key clients

Amro Partners

Falco Group


ARA Europe


Airbus Bank

Work highlights

  • Advised Amro Partners in their negotiation of a facility agreement with a UK based financial institution in relation to the development of a 340-bed student housing scheme in Pamplona.
  • Advised Deutsche Pfandbriefbank and Nord LB on the financing of the acquisition of the Marienturm tower in Frankfurt and the refinancing of an existing €830m development loan.
  • Advised Natixis on the restructuring of a €125m real estate financing to EIF-CBRE.

Thewes & Reuter

Thewes & Reuter is best-known for its real estate and construction litigation expertise. Team head Marc Thewes has a superlative reputation for this work and has been involved in numerous high-profile landlord and tenant cases, including his recent victory (overturning a lower court decision) for a private individual in a case surrounding rent increases which has the potential to be a precedent setting matter strengthening tenant’s rights in relation to rent increases imposed by landlords on the sole basis on an increase of the market value of the property. On the non-contentious side, the team is best-known for its work in relation to public building transactions, including infrastructure projects and matters relating to the building of hospitals and schools.

Practice head(s):

Marc Thewes; Pierre Reuter

Other key lawyers:

Ana-Lisa Franco Ferro; Hicham Rassafi-Guibal


‘I was very impressed by the level of knowledge the lawyers who handled my case had. They prepared a defence that was literally flawless and that knew how to anticipate perfectly all the potential difficulties; to put it in a nutshell I really felt like they knew absolutely everything.’


Key clients

National Reception Office

Samuel Ruben

University of Luxembourg

Emile Mayrisch Hospital

SNHBM (Public sector building company)

POST Luxembourg


CFL (Luxembourg National Railway)


Work highlights

  • Retained as legal advisors by Luxembourg’s second largest hospital ‘CENTRE HOSPITALIER ÉMILE MAYRISCH’ which is in the final planning stages of building a new hospital campus on the outskirts of the southern city of Luxembourg.
  • Obtained a landmark judgment strengthening tenant’s rights in relation to rent increases imposed by landlords on the sole basis on an increase of the market value of the property (vs investments made to improve the property).
  • Advising the University of Luxembourg in setting up a new student housing scheme.