Pictured in the centre is the new Carrefour office on boulevard Royal, part of which will be rented out to M&G
Investment fund giant M&G has just rented a 700m² office space in the Carrefour building, six months after formalising its move from London to Luxembourg.
According to our sister magazine, Paperjam, citing information published by the Wort, the firm has reportedly taken on a lease for the space on the junction of avenue Émile Reuter and boulevard Royal.
The asset management firm plans to create a legal structure consisting of two entities: a management company active in the Ucits and AIFM funds, and another that will distribute funds.
It means the funds firm will occupy part of the same builing as Société Générale Bank and Trust, which officially inaugurated its new smart office space on Tuesday 3 October.
As of 30 June 2016, the company was managing assets underway for €307bn. This development in Luxembourg is expected to enable it to maintain activity with international clients, regardless of the outcome of Brexit negotiations.
In July 2017, M&G acquired the Da Vinci building in Findel for €71m, an investment which it said was in anticipation of the Luxembourg market's appreciation rather than as a point of departure for its teams in the post-Brexit context.