Global law firm Dentons has advised KPMG Luxembourg and BPI Real Estate on the acquisition of the Kronos building to BGL BNP Paribas. In full, it involves redeveloping 55,658 sq.m. of GBA (Gross Built Area) across the site and keeping the existing park, which represents the real green lungs of the Kirchberg financial area.
KPMG will occupy 31,000 m2 here, including a coworking space and a food court, with an additional 24,658 sq.m. developed uniquely by BPI Real Estate, intended for mixed use. The Kronos building will start to be dismantled in early 2026, making way for the new project by 2029. This property project looks set to be one of the most iconic to come in Luxembourg.
To ensure that it has a remarkable architecture, it will be subject to a European architecture competition, organized in the second half of 2023, in connection with the Fonds Kirchberg and the City of Luxembourg. The project is aiming for remarkable performances that will enable it to obtain the BREEAM®, WELL Building Standard® and LCBI® (Low Carbon Building Initiative) certifications, so as to attain the highest standards in terms of sustainable and innovative construction, a value cherished by KPMG’s vision to fulfil its own commitment to achieving net zero carbon emissions by 2030.
Please read the official press release to get more information about the project: BPI Real Estate | “We’re not just imagining a better future, we’re building it.” KPMG chooses BPI Real Estate to develop its new headquarters in Kirchberg (bpi-realestate.com)
