Major residential development for Esch-sur-Alzette

LIVING
Spotted in @paperjam.lu

The residential market in Luxembourg is once again in the news. The Grand Duchy, and in particular the area surrounding the capital, Luxembourg City, is seeing a great deal of growth in demand for housing. This is leading to increased development in a segment which is unique in that even though the end users are individuals or families in a ‘one by one’ scenario, real estate developers are able to create complexes of apartments and sell them in blocks.

As reported by paperjam.lu, one of the latest major moves in this domain will see around 350 residential units totalling 67,000 m², delivered in 2025 in Esch-sur-Alzette, the second largest city in Luxembourg and just a few kilometers to the south of the capital. Esch also benefits from its proximity to the international borders and from the creation of the Belval district and the implantation of the University of Luxembourg. It is also, as paperjam points out, considerably less expensive for buyers of apartments than the capital itself.

This development is an initiative of Tracol Immobilier and Atenor and is named Perspectiv’. It is aimed at first time buyers and at investors and is located on the former Lankelz site, now abandoned. Along with the housing, the inclusion of retail units and leisure facilities will enable this district of Esch-sur-Alzette to be largely rehabilitated. Most of the apartments will have the benefit of terraces and private parking will also be provided for each apartment. The architecture is the work of Jean-Michel Wilmotte and is said to feature a light and open look with sustainable and traditional materials.