Cushman & Wakefield has been chosen as co-exclusive agent for the Allfin project on the Kirchberg plateau. Under the name 'Infinity’, this project will extend to some 33,300 sq m, divided as follows: 20,000 sq m of residential accommodation, 6,800 sq m of offices and 6,500 sq m of retail, with around twenty units. The housing will be concentrated in what will become the first residential tower in the Grand Duchy.
The offices will be located just opposite the Philharmonia, a very well-known building in Luxembourg. As for the retail units, they will be located on the two ground floor levels which are at different heights due to the considerable slope of the ground, and connected between them by a monumental staircase. “This will be a very convivial area, with the sun shining in during the day, and sheltered from the wind, which is very important on the Kirchberg plateau”, ventures Olivier Bastin, CEO of Allfin Luxembourg. “But in the evening too, this will be a very lively place thanks to the numerous terraces. Infinity will become a new destination which will also serve its immediate neighbourhood”.
Allfin won a competition following a struggle which had lasted 18 months. At its side are to be found international architectural bureau Arquitectonica, based in Miami, and Luxembourg bureau M3 Architects. It was confirmed that Allfin had won on September 24th. At the moment, the developer is finalising the various studies (fire, acoustics…), inherent to this type of project. “We are working full steam ahead to progress with the different dossiers to be presented to the Kirchberg Plateau Planning Fund, and then to lodge our various permit requests”, explains Olivier Bastin. “We are scheduling the beginning of works for the start of 2017 and final delivery for mid-2019”.
The enthusiasm for this new site is genuine. As one example among others, Allfin has already received letters of intent from local and international retailers for … 300% of the retail space! “This will enable to choose very carefully”, a delighted Olivier Bastin goes on. “Among the factors which make Kirchberg attractive, we should underline its very easy accessibility, because the plateau will soon be just a few tram stops from the city centre. Construction of this line will be completed before Porte de l’Europe opens. And that’s without mentioning the existing 1,350 parking spaces”.
The choice of Cushman & Wakefield to market the retail units is explained by the desire of Allfin to be partnered by the best specialists in the domain. “For the competition, 50% of the points involved the architecture, 25% the price we were prepared to pay for the land and the remaining 25% were attributed for the suitability of the retail concept that we were planning to create”, concludes Olivier Bastin. “The international expertise of Cushman & Wakefield was a clear ‘plus’ in our victory. We needed the advice of a group which demonstrates open-mindedness and which can see things from an external point of view”.