Real estate and construction in Luxembourg

Allen & Overy Luxembourg

'Very knowledgeable about Luxembourg real estate law and practices', Allen & Overy Luxembourg provides 'solution-driven' advice to stakeholders across all legal aspects of the purchase, sale, construction and leasing of properties, and their associated financing. The team, which is led by counsel Serge Hoffman, is integrated into the firm's broader corporate/M&A practice and, as a result, particularly adept at advising investment management clients on their acquisitions in the commercial property market.

Practice head(s):

Serge Hoffmann

Other key lawyers:

Jacques Graas; Philippe Eicher

Testimonials

The lawyers are very knowledgeable about Luxembourg real estate law and practices.’

The team has deep knowledge and provides solution-driven advice.’

 

Key clients

Immobel

Eaglestone

Work highlights

  • Advised a leading private equity real estate investment management firm on its acquisition of a prime office asset of 68,000 square meters located in Cloche d’Or, Luxembourg.
  • Advised real estate promoter Eaglestone Luxembourg on the sale of two real estate projects in Luxembourg – Hollerich and Bonnevoie – to a Belgian investor.
  • Advised real estate promoter and developer Immobel with respect to the acquisition of part of the real estate project located at rue Nennig (Dommeldange) (the former “Abitare” site), which schedules a mixed complex, predominantly comprising housing including a retail podium unit.

Arendt & Medernach

Leveraging the firm's broader investment fund and corporate/M&A capabilities, the 'well-connected' team at Arendt & Medernach has, over the years, been able to devote substantial resources to effectively assist real estate investment management firms on their fund structuring and subsequent investments in the property sector. Claude Niedner is pivotal to work in this segment of the market and recently provided the fund structuring to facilitate Canada-based Dream Global Real Estate Investment Trust's $6.2bn sale to Blackstone. The firm is also well-placed to advise on more conventional real estate matters for developers and end-users, and in this regard the 'very shrewdChristian Point excels, both from a transactional and contentious perspective.

Practice head(s):

Christian Point; Pierre Beissel

Other key lawyers:

Claude Niedner; Carsten Opitz; Yves Lacroix; Marianne Rau; Rodrigo Delcourt

Testimonials

The well-connected team has excellent knowledge of the real estate sector and of its functioning, mechanisms, and customs.’

Christian Point is a very shrewd lawyer; he has an extremely quick mind and has the capacity to understand the most complicated cases and legal puzzles. He has a real talent to see through complexity and to develop alternative legal scenarios.’

 

Key clients

Global Logistic Properties (GLP)

Primonial

Alliance RE

AXA Real Estate Investment Managers

CB Richard Ellis

LCN Capital Partners

Generali

PWP

Skandia

Swiss Life

Work highlights

  • Assisted one of the most prominent banking institutions in Luxembourg on the acquisition of an office building in central Luxembourg in the context of the expansion of its Luxembourg headquarters.
  • Assisted Canada-based Dream Global Real Estate Investment Trust (“Dream Global REIT”) on a sizeable transaction pursuant to which affiliates of real estate funds managed by The Blackstone Group acquired all of Dream Global REIT’s subsidiaries and assets in $6.2bn all-cash transaction.
  • Advising GLP in relation with its European fund management platform in Luxembourg and has led to the setting-up of its Luxembourg alternative investment fund manager (AIFM).

Dentons

Led by Martine Gerber-LemaireDentons' four-strong team provides 'very responsive, pragmatic and solution-oriented advice' to developers, investment funds and high-net-worth-individuals across the spectrum of real estate work relating to the retail, office and residential sectors. As well as advising on transactional work in the sector, the team has also developed a particular strength assisting both tenants and landlords on the negotiation of commercial lease terms. 'Pragmatic, yet down-to-earth' senior counsel Christel Dumont has excellent 'knowledge of the real estate market and practices in Luxembourg'

Practice head(s):

Martine Gerber-Lemaire

Other key lawyers:

Christel Dumont; Carole Rhein

Testimonials

The lawyers are always very responsive, pragmatic and solution-oriented.’

Christel Dumont is very pragmatic, yet down-to-earth and has excellent knowledge of the real estate market and practices in Luxembourg.’

 

Key clients

BPI Real Estate Luxembourg

FFF Fund 1 SCP SICAV RAIF

Work highlights

  • Advised BPI Luxembourg Real Estate on the acquisition of plots of lands and buildings being part of the promotion portfolio of Soludec.
  • Advised FFF Asset Manager on the sale of Cloche d’Or Building to a Swiss-based high-net-worth-individual through German asset manager AM Alpha.  

Elvinger Hoss Prussen

Led by Léon GlodenElvinger Hoss Prussen's three-partner team is well-versed at handling local "bricks and mortar" real estate matters, including work relating to urban development projects, in addition to more transactional instructional, including acquisitions and disposals of commercial property for real estate funds. Counsel Stéphanie Pautot is 'a valuable asset on any real estate deal' and provides 'practical advice' to clients across all facets of real estate investment projects involving acquisition, disposal, financing, lease negotiations and due diligence.

Practice head(s):

Léon Gloden

Other key lawyers:

Stéphanie Pautot

Testimonials

The firm’s real estate and construction practice has broad legal knowledge, a solid track record for major transactions in Luxembourg and a proactive approach on the files.’

Stéphanie Pautot has strong legal knowledge, displays fine legal reasoning, and is able to tackle complex legal issues. Her track record and experience enables her to provide practical advice and she is consequently a valuable asset on any real estate deal.’

Key clients

Batipart Invest

Banque Internationale à Luxembourg

AGORA S.àr.l. & Cie s.e.c.s.

IKO Real Estate

CEPAL S.A.

Codic Luxembourg S.A.

Work highlights

  • Advised real estate investor Batipart Invest on its recent acquisition of the parent company holding the Sofitel and Novotel hotels located in Kirchberg.
  • Advised Banque Internationale à Luxembourg SA on the sale of “Terres Rouges”, a landmark office building located in Belval.
  • Advising IKO Real Estate on a school construction project for the city of Esch-sur-Alzette and the related urban development.

KLEYR GRASSO

The 'very knowledgeable' team at KLEYR GRASSO is well-versed at handling a broad range of transactional, advisory and litigation-related real estate and construction mandates. Praised for her 'in-depth technical knowledge of real estate law', Yasmine Poos is emblematic of the firm's balanced offering, and is as comfortable negotiating complex commercial property leases as she is representing clients in construction disputes. François Collot co-heads the team alongside Poos and is appreciated for his ability to provide 'pragmatic and precise advice' to local and international clients, including ArcelorMittal, which he recently assisted on the drafting of the construction contract relating to the construction of its new worldwide headquarters in Luxembourg-Kirchberg.

Practice head(s):

François Collot; Yasmine Poos

Other key lawyers:

Henry De Ron; Fanny Mazeaud; Mélanie Trienbach

Testimonials

The firm has an in-depth knowledge of construction law in Luxembourg.’

The team is very reactive and solutions-minded.’

We particularly appreciate Yasmine Poos’ sound advice, her pragmatic approach and her in-depth technical knowledge in real estate law.’

François Collot has a strong expertise in the Luxembourg real estate field and provides pragmatic and precise legal advice.’

Key clients

ArcelorMittal Luxembourg

Kalchesbrück

Ministere des Finances

SNCH

SNCA

Lux Airport

Les Jardins de Luxembourg

Thomas & Piron

Ministère du Développement Durable et des Infrastructures

FARE SA

TRACOL Immobilier

C&A Luxembourg

SRB LUX

Work highlights

  • Advised ArcelorMittal Luxembourg on the preparation and drafting of the contract relating to the construction of its new worldwide headquarters in Luxembourg-Kirchberg.
  • Assisted Kalchesbrück in the negotiation process of a lease agreement relating to more than 10,000 square metres in Luxembourg with the Luxembourg State.
  • Advising Lux Airport, the operator and facility manager of the Luxembourg airport, with regard to leasehold issues with private aeronautic sports associations in the context of the transfer of the building and the negotiation procedure to conclude a new lease agreement.

Linklaters

Deploying a cross-disciplinary offering, which draws upon tax, investment fund and corporate expertise in particular, Linklaters is well-positioned to advise a  range of stakeholders, including institutional investors, banks, developers, funds and end-users across the gamut of commercial real estate matters. Counsel Anton Cox is the key contact within the team on the downstream real estate investment front, while banking partner Patrick Geortay oversees the overarching real estate group and regularly advises lenders and borrowers on the financing of Luxembourg commercial properties.

Practice head(s):

Patrick Geortay

Other key lawyers:

Anton Cox; Hermann Beythan; Silke Bernard; Manfred Müller; Melinda Perera; Olivier Van Ermengem; Aurélie Clementz; Claire Prospert; Arnaud Godfroid; Adrien Timmermans

Key clients

KBL European Private Bankers

Caixa Geral de Depósitos

Work highlights

  • Assisting state-owned banking institution Caixa Geral de Depósitos on the sale of two real estate assets in Luxembourg.

Baker McKenzie

Benefiting from 'in-depth knowledge of the local market' and accustomed to handling work for international clients – in part due to the firm's vast global network – Baker McKenzie has expertise across a range of commercial property matters, from both a domestic and cross-border perspective. The team's primary strength, however, lies in its real estate-related M&A work for funds, an area that Jean-François Findling frequently takes the lead in. Jean-François Trapp co-heads the three-partner team alongside Findling and, by leveraging his broader finance capability, often advises clients on the financial and contractual aspects of their real estate investments.

Practice head(s):

Jean Francois Trapp; Jean-François Findling

Other key lawyers:

Elodie Duchêne; Manuela Dias Marques

Testimonials

The responsive team has an in-depth knowledge of the local market.’

Clifford Chance

Benefiting from substantive real estate law knowledge and also able to leverage corporate, finance, tax and funds resources across the firm's platform, Clifford Chance is effectively able to advise clients across the entire property lifecycle, from the initial acquisition and development, through to exit. Albert Moro handles both contentious and non-contentious real estate mandates, and heads up the team that also includes counsel Sébastien Schmitz, whose versatile workload in the space includes advice to end-users and developers on office and commercial lease contracts.

Practice head(s):

Albert Moro

Other key lawyers:

Sébastien Schmitz

Key clients

ICN Development

Patrizia

FIRCE CAPITAL Luxembourg

Work highlights

  • Advised ICN Development, Besix Red and TRALUX Immobilier on the structuring, acquisition and financing of the Villeroy & Boch site in Luxembourg.
  • Advised Patrizia on the acquisition of the distinctive AIRE office building located in Luxembourg.
  • Advised Firce Capital on the acquisition of one of Luxembourg’s biggest shopping centers.

DSM Avocats A La Cour

With a 'perfect combination of experience and agility', DSM Avocats A La Cour's two-partner team provides 'accurate and timely advice' to a wide range of stakeholders engaged in local real estate matters. Mario Di Stefano 'always delivers exhaustive and well-documented legal work' and has developed a particularly strong reputation among developers, by virtue of his ability to provide a "cradle-to-grave" service, including wide-ranging zoning, planning and environmental due diligence at the front-end of the transaction, through to the ultimate divestment process. Renaud Le Squeren co-heads the team alongside Di Stefano.

Practice head(s):

Mario Di Stefano; Renaud Le Squeren

Testimonials

The team is flexible and responsive.’

Top-notch firm, highly technical and with a great service, from beginning until the end. Perfect combination of experience and agility.’

Mario Di Stefano always delivers exhaustive and well-documented legal work. He displays exceptional communication skills.’

Key clients

ICN

Tracol Immobilier

Chambre I mmobilière du Grand-Duché de Luxembourg

Nexvia

DB Immobilière

Rizzani de Eccher

IKO Real Estate

Tralux

Rosalia Group

International Chemical Investors S.E.

Wagner Group

Work highlights

  • Advising ICN on its real estate development projects, including acquisition; 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.
  • Assisting real estate developer Tracol Immobilier on restructuring transactions, in its management needs and in reforming the functioning of the group.
  • Serving as counsel for Rizzani de Eccher and the AM CRC, the general contractor for the recently opened mixed shopping center/residence complex, the Cloche d’Or.

Loyens & Loeff

Led by Véronique HoffeldLoyens & Loeff's seven-partner multidisciplinary team provides 'practical advice' to end-users, developers and investors across the spectrum of their local "bricks and mortar" requirements, as well as on international mandates. The firm's role on the European Investment Bank's real estate panel continues to generate a considerable amount of instructions, including in relation to the construction of its new building in Luxembourg.

Practice head(s):

Véronique Hoffeld

Other key lawyers:

Anne-Marie Nicolas; Claudia Lenertz; Olivier Marquais; Elie-Raphaël Soudry

Testimonials

Great quality and speed of service.’

The team provides prompt responses and offers practical advice.’

Elie-Raphaël Soudry is very good.’

Key clients

European Investment Bank (EIB)

Brookfield Asset Management Inc.

CBRE Global Investors

Investec AM

Morgan Stanley

Starwood Capital Group

Patrizia AG

Partners Group

Pantheon Ventures

Nuveen RE

Work highlights

  • Advised the EIB on all legal matters related to the construction of its new building in Luxembourg.
  • Advised Primonial Group on its acquisition of the “Laccolith” building, a landmark ecologically-friendly office building complex in the heart of Luxembourg city.
  • Advised Brookfield Asset Management on refinancing of UK real estate properties located in Warwick, York, Edinburgh and other UK or Ireland cities.

MOLITOR Avocats à la Cour SARL

Led on the transactional front by Stéphanie Juan and for litigation by Paulo Lopes Da SilvaMOLITOR Avocats à la Cour SARL's three-partner multi-disciplinary team provides a balanced real estate and construction offering to investors, developers, operators, public authorities and owners across a broad swathe of their property needs. As part of her practice, Juan has a strong understanding of the environmental and zoning concerns, which can be of great importance to clients seeking to acquire land/property interests.

Practice head(s):

Stéphanie Juan; Paulo Lopes Da Silva

Other key lawyers:

Sophie Lamothe; Stefano Tesone

Thewes & Reuter

Thewes & Reuter adds particular value to clients by virtue of its overarching public law expertise and is therefore very well-suited to advising on contentious and non-contentious matters, which may involve, for example, complex planning issues or issues related to listed buildings. Although he does act for private sector entities including developers, many of Marc Thewes' clients are from the public sector, including the Luxembourg National Railway, which he is advising in relation to the modernisation of its network and railway stations.

Practice head(s):

Marc Thewes; Pierre Reuter

Other key lawyers:

Ana-Lisa Franco Ferro

Testimonials

The firm exhibits strong engagement and team spirit.’

They are highly skilled and specialised lawyers.’

Key clients

POST Luxembourg

Baltisse

CFL (Luxembourg National Railway)

SNHBM

JCDecaux

University of Luxembourg

Work highlights

  • Advising longstanding client JCDecaux, one of the world leaders in outdoor advertisement, for Luxembourg-based real estate.
  • Advising the National Railway Company across a range of real estate-related work association with the modernisation of its network and railway stations.
  • Continuing to represent longstanding client POST Luxembourg on non-contentious and contentious real estate matters.

Wildgen

Led by Samia Rabia, who has 'extraordinary business acumen and foresight', Wildgen handles work for clients throughout the lifecycle of real estate transactions, from funding through to leasing. Given Rabia's overarching asset management expertise, unsurprisingly, the firm also excels at structuring real estate funds.

Practice head(s):

Samia Rabia

Other key lawyers:

Romain Viard

Testimonials

The firm’s understanding of the client’s commercial needs is truly noteworthy.’

The partner and all the associates show an incredible level of knowledge. Their preparedness was noteworthy and their ability to communicate to the client the legal requirements or restrictions of the transaction has been efficient and very effective.’

Samia Rabia has shown extraordinary business acumen and foresight.’

Romain Viard’s knowledge of his field of expertise in real estate was very obvious and incredibly useful in the transaction.’

Key clients

Gremi International

Hotel Investments (Luxembourg) – Asset Paris II (Luxembourg) – UBX Luxembourg

International Housing Solutions

Kara Investment Fund

Katia Immobilière

Work highlights

  • Assisted Gremi International to raise capital from a number of professional investors in order to finance, through a Luxembourg reserved alternative investment fund (RAIF), a real estate project: “Eco Estrela” that encompasses several hotels in joint venture with a luxury hotel group in Brazil.
  • Advised International Housing Solutions on the setting-up of a Luxembourg fund taking the form of a RAIF to support the construction of green affordable housing in Kenya and South Africa (energy and water efficient homes).
  • Advised Warimpex Finanz- und Beteiligungs AG and UBM Development AG on the Luxembourg tax and legal aspects of the sale of real estate, the Dream Castle and Magic Circus Hotels at Disneyland® Paris, to a 50/50 joint venture between UK- based private equity fund manager Benson Elliot Capital Management and Schroder Real Estate Hotels.