My Property Requirements: Help yourself online!

Graphic in greys of a city skyline, with smaller buildings in darker greys closer to the viewer and taller buildings in lighter greys behind the darker ones.. Purple question marks are superimposed over six of the buildings.Looking for new premises? Now is certainly  the time for careful planning and budgeting. To save time, wouldn’t it be great to start each enquiry with a crystal-clear description of your needs? If you could say with absolute certainty, “These are my property requirements…” , list exactly the location you want, any special features, as well as the sqm you’ll need in the short-term, medium-term and long-term, and your budget… then let your agent find your property while you get back to the business that, now more than ever, needs your daily attention?

Introducing My Property Requirements/Ma recherche immobilière

RealCorp’s new My Property Requirements  online tool, available in English and French, enables you to do just that! Using this tool, you can speed up your interaction with our agents and be confident that they understand exactly what you’re looking for. (more…)

LEASED: Saturne Technology in rue de l’Etang

RealCorp Luxembourg — LEASED: Lease Saturne Technology moves into rue de l'Etang, Contern. RealCorp Luxembourg brokered this transaction

New industrial space for Saturne Technology

RealCorp Luxembourg recently signed a lease with Saturne Technologies for this industrial facility in rue de l’Etang, Contern. The property includes a warehouse of 5000 sqm and 450 sqm of office space, as well as 53 parking bays.

This logo shows the words SATURNE Technology in black on a white surface with the A of the first word replaces with a symbol of a red filled circle topped by a grey shape like a flame or a spear tip.

Saturne Technology enables a creative revolution

Walter Grzymlas founded Saturne Technology in 2001. Today it has 15 employees, all experts in metal additive manufacturing, laser welding, laser cutting and drilling, as well as laser hardfacing and cladding. One of nine players in Europe to have mastered the production of complex parts for high-tech industries, Saturne Technology is a first-class supplier. The company has clients in Research and Development, as well as Aviation, Food, Defence and Security, Art and Jewellery, Motor Vehicle, Medical, Nuclear and Aerospace industries.

Additive manufacturing

RealCorp Luxembourg brokered this lease of an industrial warehouse in Contern. The image shows a white corrugated wall of the warehouse with a small window in the foreground and several cars parked in demarcated parking bays on tarmac alongside the wall. The sky is blue with some grey clouds and there is a view of grass in the distance to the right of the tarmac.Additive manufacturing, also called selective laser melting (SLM) or metal powder sintering, is a manufacturing process involving adding successive layers of metallic powder. By melting these layers, one obtains a 3D impression of the object. Therefore, one can create a very complex part directly from its 3D digital representation. This reduces cost and production times. It also increases quality compared to industrial manufacturing. No more long delays to obtaining prototypes! Saturne Technology’s powders are vacuum-packed, protected against corrosion and insulated from each other. They manufacture from steel, aluminium, nickel-chrome or titanium base powder.

Laser welding

This welding technique enables assembly of metal parts using a YAG (yttrium aluminium garnet) laser. The YAG crystal is an amplifier medium that creates a laser beam capable of working on solid materials. There are many applications, both in the medical field and in industry. Saturne Technology’s YAG laser welding machines make precision welding on complex 2D or 3D shapes of high quality and with great precision possible. The parts thus obtained have no excess thickness and are tested to meet predefined specifications.

Cutting, drilling and marking by laser

A laser can concentrate on a very small surface. Saturne Technology’s specialised machines make laser cuts on different materials with complex contours that require precise, fast and resistance-free processing. Parts as little as 3 mm thick can be machined without deformation. Unlike other technologies, Saturne Technology’s laser cutting machines can also produce various shapes. As a result, they adapt to both individual laser machining and serial laser machining. The laser machines can drill materials such as metal, aluminium, steel, sheet metal, plastic, leather, ceramics and many others. They can also mark (i.e. number) materials with a laser beam. Laser marking is more resistant, more accurate and faster than traditional marking. (more…)

LEASED: Galerie Grand-Rue Beaumont Office

RealCorp Luxembourg — LEASED: Office — Galerie Grand-Rue Beaumont, Luxembourg City: Ville Haute - CBD

Another successful letting in Galerie Grand-Rue Beaumont

Hot on the heels of our reassigning the lease of the first floor, RealCorp has also advised the Luxembourg branch of Prime Capital AG to relocate their activity to Galerie Grand-Rue Beaumont. As from 1 January 2019, Prime AIFM Lux SA will occupy some 400 sqm on the second floor of this excellently located building.

About Prime Capital

Prime Capital is an independent asset manager and financial services provider focused on the needs of institutional clients. Currently, they have more than 80 employees at two locations: Frankfurt (their headquarters), and Luxembourg. You can find more information about their services at http://primecapital-ag.com.

Another happy landlord

RealCorp had previously advised the owner of this floor to purchase in Galerie Grand-Rue Beaumont based on the assumption that he could easily rent out the spaces. As asserted, we achieved the letting in a reasonable time.

About RealCorp Luxembourg

RealCorp Luxembourg handles the acquisition and disposal of industrial, retail and office buildings. We also deal in leisure, hospitality and residential projects, as well as commercial land. We combine sector knowledge and entrepreneurial flair with excellent negotiating skills.

Our Services include: landlord or tenant representation, search and selection, valuation and advisory, asset management, investment advisory, development appraisal, project management, research and consultation services. RealCorp Luxembourg’s advisory services range from site selection to market forecasts, research and feasibility studies. Read more about Who We Are.

How can RealCorp help you?

Contact RealCorp for information about Galerie Grand-Rue Beaumont or other central Luxembourg offices on (+352) 26 27 29.

26/02/2019: Name of property updated from Galerie Beaumont to Galerie Grand-Rue Beaumont.

LEASED: Offices in Galerie Beaumont

RealCorp Luxembourg — LEASED: Lease Office — Galerie Beaumont, Luxembourg City: Ville Haute - CBDTransaction brokered by

Successful lease reassignment quickly achieved

RealCorp Luxembourg has successfully facilitated the lease assignment to the City of Luxembourg of the whole of the first floor (560 sqm offices) of this well-situated building. Access to the building is off the central and very popular Grand-Rue (see image). Because the location is so convenient, we were able to use our extensive network to reassign the lease within a week of instruction. The Office Social de la Ville de Luxembourg will start their lease of these offices on 1 December 2018.

About the Office Social de la Ville de Luxembourg

The Social Office of the City of Luxembourg provides individuals and families in the capital’s territory with the assistance to which they are entitled by law. It disseminates information on the various forms of assistance it provides. It also offers advice and information and helps provide social measures and financial benefits to which interested persons are entitled under other laws and regulations. Read more about what they do on the website of the Office Social de la Ville de Luxembourg.

About RealCorp Luxembourg

RealCorp Luxembourg handles the acquisition and disposal of industrial, retail and office buildings. We also deal in leisure, hospitality and residential projects, as well as commercial land. We combine sector knowledge and entrepreneurial flair with excellent negotiating skills.

Our Services include: landlord or tenant representation, search and selection, valuation and advisory, asset management, investment advisory, development appraisal, project management, research and consultation services. RealCorp Luxembourg’s advisory services range from site selection to market forecasts, research and feasibility studies. Read more about Who We Are.

How can RealCorp help you?

Contact RealCorp for more information about Galerie Beaumont or other centrally located Luxembourg offices on (+352) 26 27 29.

RICS Surveyors to use IPMS for Offices in 2016

Luxembourg Kirchberg from the Paffendaller ViaductDid you know? RICS Chartered Surveyors can now apply International Property Measurement Standards (IPMS) in Luxembourg. The BACS (Belgium Luxembourg Association of Chartered Surveyors) code of measuring standards, currently widely used in Luxembourg, will be replaced by IPMS in January 2016.

A laudable aim

We first posted about the proposed universalisation of property measurement standards in July 2014. We acknowledged that the aim of the IPMS Coalition tasked with developing these standards was laudable:

… to produce international standards that will enable different classes of buildings to be measured on a transparent basis … (and to) … promote market efficiency through greater confidence between investors and occupiers by providing consistent property measurements for transactions and valuations.

At that stage, however, we shared with many valuers worldwide some questions about the applicability of an international standard in the local context. It seemed a tall challenge.

RICS Property Measurement incorporates IPMS

Luxembourg Kirchberg, Quartier européen Sud: Alcide De Gasperi Building and Hotel Novotel KirchbergHowever, the recently published RICS Property Measurement guide (May 2015) incorporates the first official version of the International Property Measurement Standards (IPMS) which was published in November 2014.

This first edition of RICS Property Measurement updates the RICS Code of Measuring Practice, 6th ed. It comprises three elements:

  1. Professional Statement: Office Measurement
  2. IPMS: Office Buildings
  3. Code of Measuring Practice, 6th edition

The first two elements apply strictly to office measurements only. The third currently applies to all building classes except offices. It has been effective since 18 May 2015.

The IPMS: Office Buildings document is the first published IPMS standard. It will be updated over time to comply with other IPMS standards, including residential*, industrial and retail, as they are published.

Some parts of RICS Property Measurement are mandatory for RICS members and will be subject to regulation by RICS. Other elements are provided as professional best practice guides and practitioners are strongly advised to follow them.

Implications of the change from BACS to IPMS

The BACS (Belgium Luxembourg Association of Chartered Surveyors) Code of Measuring Standards was first published in 2000. It was not mandatory, but, in the absence of any other standard, has since then had its place in guiding the marketing of Luxembourg offices.

However, the increasing number of cross-border investors will be glad to simplify their assessments by using a single measurement standard. Inevitably, therefore, property owners, as well as agents, architects and developers, will also turn to IPMS.

It appears that this change will initially have only a moderate impact on quoted rents and prices per square metre in Luxembourg, because there is no great difference between current BACS measurements for offices and the new IPMS, at least for standard configurations.

How can RealCorp’s RICS Chartered Surveyors help you?

Contact Michael Chidiac MRICS re Valuation and Advisory or Search and Selection.
Contact Laurent Pedrini MRICS re Acquisitions and Disposals, Landlord Rep., Tenant Rep..


Notes
* You can buy digital (£20) or hard copy (£40) versions of RICS Property Measurement from the RICS Shop.
* The IPMS Coalition has identified ‘Residential Buildings” as the next class of property for which to develop IPMS. They ran a public consultation on IPMS for Residential Buildings from 15 June 2015 until 30 September 2015. The consultation is now closed, but it is useful to scan the Consultation Document for a summary of the challenges faced and possible approaches. According to their site, they aim to produce a final standard by the end of 2015.

Sources

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