Immobel: and TotalEnergies announce the conclusion of an agreement concerning the acquisition of two plots of land in Luxembourg by Immobel

PRESS RELEASE

01/19/2022

Unregulated information

Luxembourg, January 19 at 08:00 CET

IMMOBEL AND TOTALENERGIES ANNOUNCE THE CONCLUSION OF AN AGREEMENT CONCERNING THE ACQUISITION

OF TWO PLOTS IN LUXEMBOURG BY IMMOBEL

Immobel and TotalEnergies have signed an agreement for the acquisition by Immobel of two plots of land located at 310-312 Route d’Esch in Luxembourg.

In the immediate vicinity of the booming district of Gasperich, these two sites with a total area of ​​40 ares will allow the development of up to 135 housing units on approximately 10,000 m². This new residential project fits perfectly into Immobel’s sustainable urban development and transformation strategy. Benefiting from excellent visibility along the Route d’Esch, at the junction between the Cloche d’Or business district and the Cessange residential district, this new residence will offer a wide range of quality apartments, meeting the growing demand for housing in the capital. It is perfectly served by public transport in a rapidly developing district.

The Luxembourg offices and one of the service stations of TotalEnergies are currently located on the site. These activities will stop between the end of 2024 and the beginning of 2025. After the demolition and clean-up work, the construction of the new residence will begin in the spring of 2025 and will be completed 24 months later.

Muriel Sam, Head of Development Immobel Luxembourg, in charge of this project, declares: “In this rapidly changing economic and social context, our project aims to anticipate the specific expectations of its future inhabitants. This development will be based on our sustainable development matrix aimed at improving the quality of life of users while reducing the footprint carbon.”

Patrick Schnell, Managing Director of TotalEnergies Marketing Luxembourg, adds: “Immobel was selected following a call for tenders. Throughout the process, they convinced us to opt for a global change of use of the two plots in favor of a mainly residential program, anchored in sustainability and the creation of value. “

This transaction was arranged by CBRE.

For more details:

Carole Knutti, Marketing, PR & Communication Director Immobel Luxembourg

+352 24 83 14 34 [email protected]

Olivier Bastin, Managing Director Immobel Luxembourg and Germany

+352 24 83 14 84 [email protected]

About Immobel: Immobel is the largest listed property developer in Belgium. The Group, which dates back to 1863, creates high-quality, evolving urban environments that have a positive impact on lifestyles, work and leisure, and specializes in mixed real estate. With a market value of more than 650 million euros and a portfolio of more than 1,600,000 m² of project development in 6 countries (Belgium, Grand Duchy of Luxembourg, Poland, France, Spain, Germany), Immobel occupies a leading position in the European property market real estate landscape. The group aims for sustainability in urban development. In addition, it uses part of its profits to support good causes in the fields of health, culture and social inclusion. Around 200 people work at Immobel.

For more information, please visit www.immobelgroup.com

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