KPMG Luxembourg has chosen promoter BPI Real Estate to develop its new sustainable HQ in Luxembourg's Kirchberg district.
The deal includes the purchase of the Kronos building, which has been the historic headquarters of BGL BNP Paribas, and its 3.23-hectare site, as well as the redevelopment of 55,658 m2 of gross built area across the site and keeping the existing park.
KPMG will occupy 31,000 m2, including a coworking space and a food court, with an additional 24,658 m2 developed uniquely by BPI Real Estate, intended for mixed use.
Developed using a build-to-suit approach, the building will be perfectly suited to new, evolving, and collaborative ways of working.
A European architecture competition will be organized in the second half of the year, in connection with the Fonds Kirchberg and the City of Luxembourg.
David Capocci, managing partner of KPMG Luxembourg, said: ‘This project will enable us to shape the work environment of the future. We're planning to create a modern, flexible, and sustainable workplace, which will encourage connection, collaboration, and innovation.’
Arnaud Regout, managing director of BPI Real Estate Luxembourg, commented: ‘With KPMG Luxembourg, we share the same commitment to sustainability and innovation, so we are delighted to be developing their new headquarters. This building satisfies all the prerequisites of our sustainable development strategy, guaranteeing that we will deliver a new-generation workplace that will stand the test of time.’
Constructed in compliance with European taxonomy and with ESG standards, the KPMG building's supporting structure will be in wood, making it one of the country's largest wooden buildings.
BPI Real Estate will draw on the expertise of the French promoter WO2, specialized in the development of large commercial projects in wood and recognized as the leading low-carbon project manager in France.
The project is aiming for the BREEAM, WELL Building Standard, and LCBI (Low Carbon Building Initiative) certifications, in line with KPMG's own commitment to achieving net-zero carbon emissions by 2030.
For its part, BGL BNP Paribas is constructing a new building at the entrance of the Kirchberg plateau, which will welcome employees at the end of 2025.
The bank is targeting the BREEAM, HQE International, DGNB, and BBCA (low-carbon building) certificates, and the new building will also be labeled OsmoZ (work life quality for users) and R2S (connected building, social and human building).
The Kronos building will start to be dismantled in early 2026, making way for the new project by 2029.
