CEO John Parkhouse confirmed to staff that the Big Four company will leave Crystal Park for a new campus, which is being developed by Belgian outfit Atenor. The move is planned for May-June 2027.
At the end of last year, the developer announced a 33,500 square metre campus that will include a soft mobility hub, almost the same size as the current PwC building.
The campus includes mainly offices and “will integrate new concepts anticipated for the post-covid age, enabling employees to collaborate in carrying out effective and fulfilling work tasks. In a rapidly changing office market, Atenor is thus giving itself the opportunity to express its pioneering know-how in a market that remains highly active,”
Atenor had to submit its application for planning permission at the beginning of the year. PwC's current lease, signed in November 2014, ends on 18 September 2026.
In 2020, AG Real Estate sold its 50% stake in BG1 (the company that houses Crystal Park) to its partner Société Générale, via three real estate subsidiaries (Sogecap, SGI Immo 3 and Sogevimmo), for €75.1m. This represents a capital gain of €45.36m according to its 2020 balance sheet.
Believed to have cost €100m, Crystal Park is estimated at €88m in BG1's latest available accounts. Currently there is no available information regarding who will take over PwC's current office.
The consultancy firm recently announced that The company will open new branches in Pétange and Dudelange with a total capacity of 320 places.
Updated on 4 April at 6.15pm to correct the moving date from 2026 to 2027.
This story was first published in French on . It has been translated and edited for Delano.