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 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 . It has been translated and edited for Delano.