A far-reaching transformation process is imminent on the historic industrial site of Paul Wurth in Luxembourg. Paul Wurth Real Estate has announced the conclusion of a purchase agreement with a consortium comprising Baltisse Real Estate and BPI Real Estate Luxembourg. The development area is strategically situated between Rue de Hollerich and Rue Wenceslas Ier, where the industrial company's production facilities were formerly located.
The planning framework for the project was established incrementally. A specific development plan received official approval in 2023, followed by an implementation agreement adopted in 2025. This framework permits the new owners to deliver a mixed-use quarter that will encompass a total above-ground area of around 34,600 square metres. A balanced combination of office space, residential units and retail space is planned.
Link between the station district and Nei Hollerich
The site serves as an urban link between several districts undergoing transformation. The new-build project creates a connection between the central railway station, the Cité de la sécurité sociale and the future Nei Hollerich quarter. Following the demolition of the historic industrial halls in 2020, the location is preparing for redevelopment. Site servicing and infrastructure works are scheduled to begin on the site and in the surrounding neighbourhood in the coming months. In addition, the future extension of the tram line to Route d’Esch will strengthen the multimodal accessibility of the quarter.
- —Above-ground gross floor area of around 34,600 square metres for residential, office and retail use
- —Former industrial site of Paul Wurth following the demolition of the halls in 2020
- —Interface between the central railway station, the Cité de la sécurité sociale and Nei Hollerich
- —Improved connectivity through the future extension of the tram line to Route d’Esch
Statements from project participants and transaction advisory
Gilles Feider, CEO of Paul Wurth Real Estate, emphasised the importance of the project as the prelude to the transformation of the entire urban area starting from its eastern flank. Alex van Ravels, CEO Real Estate at Baltisse Real Estate, highlighted the company's long-term commitment to Luxembourg and stated that the investment near a central transport hub reflects confidence in the future viability of the local property market. Sébastien Labis, Country Director at BPI Real Estate Luxembourg, noted that the cooperation with Baltisse aims to deliver a tailored and sustainable response to current market requirements in the Gare district.
The transaction was supported by specialist advisors. Paul Wurth Real Estate was exclusively advised in the sales process by BNP Paribas Real Estate, while the law firm Dentons provided legal counsel to the vendor. The acquiring consortium of BPI Real Estate Luxembourg and Baltisse Real Estate engaged the law firm Loyens & Loeff for legal matters.
