The dismantling of the Kronos building, depicted in the centre, is set to commence in the early part of 2026. Photo: KPMG Luxembourg

The dismantling of the Kronos building, depicted in the centre, is set to commence in the early part of 2026. Photo: KPMG Luxembourg

KPMG Luxembourg has announced a deal with BPI Real Estate to acquire the Kronos building and its 3.23-hectare site in the Kirchberg district, where it plans to develop a new 31,000m2 headquarters by 2029.

The big four consulting firm KPMG has unveiled plans for a big new HQ in Kirchberg.

The project will unfold on the site that has served as the historic headquarters for BGL BNP Paribas since 1995.

It involves the redevelopment of 55,658m2 of gross built area while retaining the existing park. The project also includes a coworking space and a food court, with an additional 24,658m2 available.

“We’re not just announcing our intentions, we’re realising our ambitions,” , managing partner at KPMG, stated in an on Wednesday 30 August 2023. “This project will enable us to shape the work environment of the future. Personally, I can’t wait to see KPMG’s new face, entirely designed to meet the growing needs and expectations of our employees and our clients. We’re planning to create a modern, flexible and sustainable workplace, which will encourage connection, collaboration and innovation.”

“To ensure the building has remarkable architecture, a European architecture competition will be organised in the second half of 2023, in association with the Fonds Kirchberg and the City of Luxembourg,” the firm stated.

Constructed in compliance with European taxonomy and ESG standards, the supporting structure of the KPMG building will be wood, making it one of the country’s largest wooden structures. To meet this challenge, BPI Real Estate will collaborate with French promoter WO2, who specialises in the development of large commercial projects in wood and is recognised as a leading low-carbon project manager in France.

Arnaud Regout, managing director of BPI Real Estate, , “With KPMG Luxembourg, we share the same commitment to sustainability and innovation, so we are delighted to be developing their new headquarters. This building satisfies all the pre-requisites of our sustainable development strategy, guaranteeing that we will deliver a new-generation workplace that will stand the test of time.”

For BGL BNP Paribas, the sale of the Kronos building allows them to continue modernising their banking centre. , chair of the executive committee of BGL BNP Paribas and head of the BNP Paribas Group’s business units in Luxembourg, commented, “In 1995, BGL was already considered a pioneer for building its headquarters on this part of the Kirchberg plateau. Over the space of almost 30 years, this very unique site has been the setting for some memorable moments, such as the bank’s centenary in 2019. Today, we’re writing a new page in BGL BNP Paribas’ history as we look to the future: our new headquarters will offer employees an environment adapted to new ways of working and will meet the highest current environmental and well-being standards.”

The Kronos building will begin to be dismantled in early 2026, paving the way for the new project to be completed by 2029.