“Le Dôme - Espace Pétrusse” building, home to ArcelorMittal, in the Gare district
The building hosting ArcelorMittal’s headquarters in the Gare district has reportedly been bought by a French asset management firm.
The “Le Dôme - Espace Pétrusse” building has been acquired by Amundi for €130m, according to Paperjam.
The 20,000 square metre building is located in the triangle between boulevard d’Avranches, avenue Charles de Gaulle and rue du Laboratoire. The Frankfurt-based investment fund KanAm GrundInvest bought Le Dôme in 2007 for €109m.
It was Amundi’s largest transaction so far in the Grand Duchy, reported Paperjam (published by the same company as Delano). The fund firm is owned by the French banks Crédit Agricole and Société Générale. Amundi and Crédit Agricole merged their real estate operations last month.
In addition to the world’s largest steelmaker, Le Dôme houses financial sector firms such as Allfunds Bank and Citco.
In 2020, ArcelorMittal is expected relocate its 1,200 employees to new headquarters in Kirchberg, although the move is apparently unrelated to the Amundi deal.