The former Villeroy & Boch industrial site in Rollingergrund, which is to be developed into a new residential complex
(Photo : Villeroy & Boch)
The last of Villeroy & Boch’s former production sites in Rollingergrund has been sold to a developer consortium led by ICN Development, in collaboration with Tralux Immobilier and Besix Red.
Villeroy & Boch signed over its shares in Rollingergrund Premium Properties for the “Usine1”, a 36,000m2 area, and the northern part of the historical “Carré” adjoined to the Château de Septfontaines, and the space is being planned for offices, apartments, dining and retail.
Given that the City of Luxembourg had already purchased 3.12ha of land on the site formerly occupied by the “Usine2” in 2016 with the intent of developing a new residential complex, Dr Markus Warncke, CFO of Villeroy & Boch, is quoted in Paperjam as saying they are “delighted to have found in ICN Development and its partners a buyer who will develop the old industrial site into an attractive and lively district, with [mainly] housing, the way we planned and prepared it with the City of Luxembourg.”