Around one hundred flats can be envisaged at the former Telindus training site, a few minutes from Esch train station. (Photo: INOWAI)

Around one hundred flats can be envisaged at the former Telindus training site, a few minutes from Esch train station. (Photo: INOWAI)

The Capelli Group and Novaxia have just acquired the former Telindus site in Esch-sur-Alzette from LLC Real Estate Fund for €21.26 million.

Thanks to a change in the PAG, the site located at 2 rue des Mines in Esch-sur-Alzette, which is now in a mixed urban zone, will allow the development of a residential project. Around one hundred flats can be envisaged here in place of the former tertiary premises. The site is located just opposite the Rout Lëns, a few minutes from the Esch train station and not far from Belval, which can be reached by bus or bicycle via the cycle track.

LLC Real Estate Fund was advised by INOWAI in this transaction.

This article was originally written and has been translated by Delano.