A CBRE Marketview report published in September stated that Deloitte Luxembourg had let 3,968 square metres of office space at the Terres Rouges building in Esch-Belval during the second quarter of 2018.

Contacted by Delano, Deloitte confirmed on 3 September that it had signed a long-term leasing contract for three floors in the building where it will relocate its entire financial industry solutions team.

“Our firm has grown significantly over the past 5 years, and this makes the renting of additional office space necessary to cater for all our professionals and ensure their well-being at work,” a spokesperson wrote, adding: “Consequently, around 230 of our employees will move to Esch-Belval in September 2018.”

The firm has recorded the second-highest growth in staff numbers over a five-year period, rising at a rate of 8.5%. By mid-2018, its numbers had reached 2,140.

When plans were unveiled in 2014 for its new building in Cloche d’Or, the workforce numbered just 1,600. The new building, which should open mid-2019, has just 2,150 work stations, according to a 2017 interview given by office management director Christophe Godfrind to Paperjam. The needs of the staff surplus, he said, would be managed through hot-desking for those staff who work some of the time with the client.

Deloitte told Delano that the location in Belval was chosen because of its public transport connections to the new offices in the Ban de Gasperich. What is more, the company said that the team would benefit from the ecosystem growing around the university district.