Gare district real estate

Eaglestone sells The Arc to Real IS

The Arc mixed-use building changes ownership. (Illustration: Eaglestone)

The Arc mixed-use building changes ownership. (Illustration: Eaglestone)

A new transaction has been finalised: the mixed-use project The Arc, located in front of the Luxembourg railway station, has been sold by Eaglestone to Real IS AG.

Eaglestone has been working for several months on the refurbishment of the mixed-use project The Arc, located at 78-80, avenue de la Liberté, in Luxembourg. This 3,387m² building has just been sold to Real IS AG. Behind the old art deco facade, there will be offices, residential units and shops. Eaglestone acquired the shares of N.05 Alfa-Arcades SA in 2018.

BNP Paribas Real Estate led the transaction in which Real IS AG was advised by Loyens & Loeff in Luxembourg and Eaglestone by the law firm DSM.

The Arc is currently under construction. (Photo: Andrés Lejona)

The Arc is currently under construction. (Photo: Andrés Lejona)

The Ballinipitt office was given the architectural assignment for this conversion of a building dating from 1930. This building was once home to the Grass Hotel and then, after a first conversion in 1937, to the Mathieu Frères bank, which later became the Banque de Luxembourg, which occupied the premises until 2012.

The new development includes 2,649m² of offices, a residential floor and two commercial units. Delivery is scheduled for autumn 2023, and a Breeam Excellent certification is envisaged.

This story was first published in French on Paperjam. It has been translated and edited for Delano.