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DBFM formula with AG Real Estate for Goodyear Innovation centre in Luxembourg

AG Real Estate and Luxembourg construction company Félix Giorgetti have announced that they have signed a partnership in the form of a 30-year Design, Build, Finance and Maintain agreement (DBFM) to develop Goodyear’s future global innovation centre and office buildings located at the new Luxembourg Automotive Campus.

Goodyear is one of the founding partners of the Luxembourg Automotive Campus located in Roost (Bissen) in Luxembourg. The campus will be a unique research and development area for companies involved in technological innovation for the automotive sector.
The new building will feature a gross leasable area (GLA) of 16,000 m2 and is scheduled to be ready by the beginning of 2020. It will accommodate Goodyear’s global innovation centre along with regional and global functions currently based in Luxembourg and will be home to approximately 1100 employees.
The design, created by Assar Universum Architects, has been designed to nurture connectivity and collaboration between teams and create an open, innovative and inspiring working environment by embracing the advantages of a campus ‘way of live’. The project also includes an employee restaurant, gym and event centre for as team gatherings, product launches, innovation and media events and exhibitions related to current and future mobility.

The new automotive campus will be built on 14 hectares of land owned by the Luxembourg government, to be granted to the Félix Giorgetti-AG Real Estate consortium for 30 years once the initial three-year design and construction period has elapsed. Once completed, the campus will accommodate approximately 4,000 people.

Amaury de Crombrugghe, Chief Investment Officer of AG Real Estate, comments: “This represents an opportunity for us to make further inroads into Luxembourg, where we have been active for several years on the investment as well as the development front, and to be part of an innovative concept focused on service excellence in the automotive sector”.
Tim Harrup
10-07-2017


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