Luxembourg City: BPI Real Estate and Baltisse join forces for a new mixed-use development

BPI Real Estate Luxembourg and Baltisse Real Estate have signed an agreement with Paul Wurth Real Estate for the redevelopment of a former industrial site in Luxembourg City. Ideally located close to the Central Station, the site will accommodate a new mixed-use development of approximately 34,600 m² above ground.

Located between Rue de Hollerich and Rue Wenceslas Ier, the site was formerly home to Paul Wurth’s industrial activities. Its redevelopment represents a new step in the transformation of this strategic part of Luxembourg City, at the crossroads of the Central Station, the Cité de la sécurité sociale and the future Nei Hollerich district.

A new mixed-use destination in the heart of the city

The approved planning framework enables BPI Real Estate Luxembourg and Baltisse Real Estate to plan the development of approximately 34,600 m² of offices, homes and retail spaces. The PAP was approved in 2023, followed by the execution agreement in 2025. 

The ambition is to transform a former industrial site into an attractive and sustainable mixed-use destination, connected to the surrounding neighbourhoods and adapted to the evolving needs of Luxembourg City.
The location will also benefit from the wider transformation of the area. Infrastructure works are planned in the coming months, while the future extension of the tram line towards Route d’Esch will further strengthen the site's accessibility and connection to the city.

A first collaboration with Baltisse in Luxembourg

The operation marks the first collaboration between BPI Real Estate and Baltisse Real Estate in Luxembourg.

"We are very pleased with this first collaboration with Baltisse in Luxembourg. We are committed to developing an attractive and sustainable project, offering solutions adapted to current market needs while fully contributing to the renewal of the Gare district,” says Sébastien LABIS, Country Director, BPI Real Estate Luxembourg"

For BPI Real Estate, the project further strengthens its long-term presence in Luxembourg. Active in the country since 2004, BPI Real Estate develops residential, office and mixed-use urban projects integrating architectural, environmental, social and energy considerations from the outset. Its current developments in Luxembourg include ROOTS in Belval and Kennedy Park in Kirchberg.

Key figures

≈ 34,600 m² above ground
Mixed-use: residential, offices and retail
Location: Luxembourg City, close to the Central Station
Partners: BPI Real Estate Luxembourg and Baltisse Real Estate
Former use: Paul Wurth industrial site