Office Property WOODEN – Leudelange, Luxembourg

The Wooden office property in Leudelange, Luxembourg, has developed into an insurance cluster, housing the headquarters of Bâloise Assurances, Foyer S.A. and La Luxembourgeoise. The striking wooden design sets ecological trends with PEFC-certified regional raw materials. The central courtyard and U-shaped floor plan promote green spaces and spatial continuity. Designed by Art & Build Architects, the architecture emphasizes biophysical design for the well-being of the users.

The property was completed in Nov. 2022, handed over to Bâloise Assurances (Nov. 15) and Compagnie Luxembourgeoise d'Entreprises (Dec. 15). The rental space amounts to 9,754.45 sqm, with Bâloise Assurances as the main tenant for 15 years. The annual rent of EUR 2,778,202.20 was adjusted to EUR 3,091,905.39.

CLE rents 1,714.79 sqm of office space and 39.04 sqm of archive space with 30 indoor parking spaces for six years. The annual rent increased from EUR 597,415.98 to EUR 609,639.60. The total annual rental income amounts to EUR 3,701,544.99.


Key data

Type of use
Office property - WOODEN
8, Rue du Château d'Eau
L-3364 Leudelange
4th quarter 2022
Site area
Office: 9 463 m² / Warehouse: 173 m²
- Bâloise Assurances Luxembourg (Headquarter) (82 % of the leasable area)
- CLE, Compagnie Luxembourgeoise d'Entreprises (18 % the of leasable area)
Occupancy rate in % of total area
100 % 
Net Market value, in EUR
82,220,000 (Appraisal of December 31, 2022)


Bâloise Assurances Luxembourg (Headquarter)

Bâloise Luxembourg has been providing insurance services in the Grand Duchy of Luxembourg since 1890 and has been firmly anchored in the economic and social fabric of the country ever since. Baloise Luxembourg is part of the Swiss Baloise Group, which also has operations in Germany, Belgium, Liechtenstein and, of course, Switzerland. Every employee, at both operational and commercial levels, strives for optimal performance. Living diversity is also part of the corporate philosophy and allows everyone to fulfill their potential in their job.

CLE, Compagnie Luxembourgeoise d'Entreprises

CLE, Compagnie Luxembourgeoise d'Entreprises, has been a major player in the construction industry in Luxembourg for more than 50 years and is part of the CFE Group. CLE focuses on the sustainable life cycle of materials, taking into account longevity and economy and limiting energy losses as much as possible. To this end, CLE focuses on the development of wood construction in Luxembourg and has created its own wood division in 2019. In 2020, WOODSHAPERS powered by CLE and BPI Real Estate Luxembourg was launched for the promotion, construction and development of real estate projects in wood structures. CLE makes sure that its buildings meet a “green” certification (BREEAM, HQE or other). CLE has built the first two certified buildings in Luxembourg.

Key Figures (in EUR)

Investment volume


Estimated IRR p.a.

8,1 %