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A participation of WOODEN SA, developed by BPI Real Estate and IKO Real Estate, has been sold to ACRON

Published on  21/04/2022

A participation of WOODEN SA, held by BPI Real Estate and IKO Real Estate, which currently constructs the WOODEN office building in Leudelange, has been sold to ACRON GmbH.

Located in the city of Leudelange, in the direct suburb of Luxemburg City, WOODEN, a 9.462 sqm building is the first wooden office building of this scale in Luxembourg. With the double certification WELL Building standard and BREEAM excellent, WOODEN will offer to its two tenants Bâloise insurances and CLE perfect working conditions.

Designed by ArtBuild architects, the building lets visible its load-bearing structure (exoskeleton, columns and slabs) entirely made of wood and steel. The wood used comes exclusively from sustainable forests in the greater region. In these PEFC-certified forests, when a tree is cut down, one or two other specimens are necessarily replanted. Thus, over the life of the building, the forest will have recovered what was taken from it during the project.

The construction of the building, which started end 2020, was entrusted to CLE and Wood Shapers (CFE group), specialists in the construction of buildings composed mainly of wood and other hybrid alternatives that reduce the carbon footprint.

According to Eric Lux (IKO Real Estate) and Arnaud Regout,  (BPI Real Estate), “WOODEN is an expression of our group's strategy to develop low-carbon projects with a focus on sustainable developments. The interest of investors in Wooden is an excellent sign that reinforces our common strategy.”

For this transaction, the seller was assisted by Dentons and Cushman & Wakefield and the buyer by Arendt & Medernach and Inowai.

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Press Contact BPI Real Estate 

Arnaud Regout • Managing Director

+352 26 18 74 33 • infolu@bpi-realestate.com

Press Contact IKO Real Estate 

Julie Wattiaux • Senior Marketing Manager

+352 26 18 87 313 • +352 621 721 335 • j.wattiaux@ikorealestate.eu

About BPI Real Estate :

BPI Real Estate is the real estate development division of the Belgian industrial group CFE, incorporated in 1880 and active in dredging, environment, offshore, contracting, rail activities, multitechnics and real estate development. Established 30 years ago, the real estate developer operates in Belgium, Luxembourg and Poland. The company is mainly active in the residential, office, retail and service sectors and in specific products.

BPI Real Estate takes into consideration the social, energy, aesthetic and technological elements in order to develop innovative and environmentally sound urbanism. Furthermore, it applies its expertise to the real estate design and development of Wood Shapers, a Belgian and Luxembourg corporation, established in 2019 by BPI Real Estate and CFE Contracting (both part of the CFE Group). Wood Shapers focuses mainly on the design and development of sustainable building constructions made out of wood or prefabricated materials.

About IKO Real Estate :

Founded more than 30 years ago in Luxembourg, IKO Real Estate is active as an urban planner, developer and real estate investor, and is one of the only Luxembourg companies to operate in the three main markets of residential, office and commercial real estate. This threefold competence enables it to be a leader in large mixed urban renewal projects. IKO Real Estate practices these professions in accordance with its vision, which aims to place human well-being and nature at the very heart of every project. IKO imagines new solutions to build cities that preserve the ecosystem and where people reclaim urban space.

IKO Real Estate is the first real estate developer in Luxembourg to register its new developments in the WELL Building Standard® certification process.

More information on www.ikorealestate.eu