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Real estate projects

Immeuble administratif Kirchberg (IAK)

In 2009, the FDC has launched its first major real estate undertaking with the demolition of a building located in Kirchberg which had become obsolete and the organisation of an architectural competition to select the new project to be realised on the above mentioned site.

Thus, the demolition of that building was completed in 2010 and the design and preparation phase of this new project, called "Immeuble administratif Kirchberg (IAK)", was initialized.

Meanwhile, several requests for proposals were launched including the missions of health and safety coordination, lead coordinator, site installation and preparatory work implementation as well as comprehensive insurance coverage of the construction site. In addition, the files relating to the "commodo-incommodo" procedure and the "BREEAM Excellent" certification were completed in 2011.

The building permit was issued in late 2011 and the authorisations relating to the "commodo-incommodo" proceedings were granted by the Inspection du Travail et des Mines and the Ministère du Développement durable et des Infrastructures in early 2012. In this context, the Board of Directors of the FDC awarded several public contracts in 2012, including excavation work, structural work, façade cladding in architectural concrete, insulation and sealing work, technical installations and elevators as well as facade installation works. End of 2012, the Board of Directors also approved to use the services of two real estate agencies for promoting the rental of this building at national and international level.

Concerning the building site, the year 2012 was entirely devoted to the excavation and structural work. The technical installations began in June 2013 and in September the installation of the windows and façade elements was started. In October 2013, the structural work was completed. Since then, the construction site has evolved without major difficulties and respecting the time schedule. Provisional acceptance of the works began late 2014 and in this context the final phase related to the interior design could be initiated.

In late 2015, a lease agreement between the FDC and the European investment bank relating to the rental of the IAK was signed. The agreement, covering the entire complex with offices and archives of respectively 21.402 m² and 1.763 m² and 144 parking spots located in the basement, has started from 1st of January 2016 and covers a 9 year lease period.

The final stage of the project, aiming the completion of the rental facilities, has been launched end of 2015 so that the move in of the European investment bank is planned for the summer of 2016.

Carrefour

In 2012 and on the basis of feasibility studies, the FDC decided to undertake a major energy-related renovation of its building Carrefour situated in the city center. Following this decision, the public tender for the missions of consulting engineers could be closed by the Board of Directors the same year while the contract relating to the selection of an architect was awarded in late April 2013. Furthermore, the mission of lead coordination and control was assigned in November 2013.

During 2014, after the respective public tenders, the FDC's Board of Directors awarded the contracts for services of technical control, energy performance and comprehensive insurance coverage as well as the contracts for remediation, dismantling and structural works and façade works containing glass and architectural concrete elements and thermal insulation.

From late 2014 onwards, remediation, dismantling and structural work has been undertaken on the site. Asbestos removal operations could begin following the move of the last tenants. At the same time, preparatory work regarding the dismantling and partial demolition grew at a steady pace, as well as the dismantling of technical facilities on the roof and the dismantling of part of the façade.

Subsequently, the first quarter 2015 was mainly dedicated to remediation work, the decommissioning of the technical facilities and the dismantling of the elevators. In the second quarter, adaptation work to the whole structure and the masonry, the dismantling of façade elements in concrete, the adaptation of the concrete body and the disassembly of the chassis have been targeted. Finally, sealing and façade mounting work began in the third quarter.

In December 2015, a promise to lease for a period of 12 years and covering several floors representing some 5.600 m2 of the Carrefour and 40 parking places was signed with the Société Générale Bank & Trust.

Cité de la sécurité sociale

Finally, a major real estate project was initiated in 2014. Indeed, the FDC was looking for a plot of land on the territory of the City of Luxembourg since 2013 to construct a new building replacing the Office des assurances sociales, building located in the district of Hollerich that has become obsolete, and to relocate the Caisse nationale d'assurance pension and the Caisse nationale des prestations familiales as the operating authorisation on their common head office will expire in the near future. The final aim of this project is to centralize all social security institutions and administrations on one single site and to create by this way a true social security city.

An appropriate site for such an important project has soon been identified in the form of a plot of land of approximately two hectares located next to Luxembourg City's railway station and already partially owned by the FDC, the other part being owned by the State of Luxembourg. In this context, the Government Council approved to sell the State's part, several parcels of land with a total area of 7.678 m2, to the FDC and the corresponding deed of assignment was executed in December 2015. In a first phase, the FDC plans to build on this ground an administrative building for the needs of the social security institutions currently occupying the Office des assurances sociales as well as the Service de santé au travail multisectoriel representing together about 1000 employments.

The development of this social security city will be realised in successive phases over an anticipated period of fifteen years. At the end of the second phase of construction, starting probably in 2020, the Caisse nationale d'assurance pension, the FDC and the Caisse nationale des prestations familiales will join the given site.

Finally, the third and last phase of the project will be carried out by the State for its own needs. It will focus on the demolition of the building of the Centre de technologies et d'information de l'Etat, followed by the reconstruction of a complex of administrative buildings.

To realise this large-scaled project, the FDC, in its capacity as project owner, launched in April 2015 an architectural and urban call for applications followed by a consultation. Thus, among the twenty teams of architects, urban planners and landscape designers who participated, five were selected by a jury of architects and independent experts and have consequently been invited to submit a project responding to well-defined specifications and requirements.

In December 2015, the given jury has established a ranking of the three best projects and the following team has finally been selected as the winner of the consultation:

  • Scheuvens + Wachten (Dortmund)
  • Architecture et Environnement (Luxembourg)
  • BLK 2 Böge Lindner K2 Architekten (Hamburg)
  • Breimann & Bruun GmbH & Co.KG Landschaftsarchitekten (Hamburg).

It should be noted that by this project, the FDC will realise a long-term investment on the Luxembourgish real estate market allowing him to approach its strategic objective to invest a quota of 5% in direct real estate in the Grand-Duchy of Luxembourg.