Savills has launched a new office in Luxembourg and announced the appointment of an agency team of four.
The Luxembourg branch will be managed by Régis Luttmann, who has twelve years experience in the Luxembourg real estate market. Jonathan Morand and Thomas Winckel also join as account managers specialising in the office leasing and industrial and retail leasing markets respectively. Sophie Leblon joins as marketing and communications executive.
'With existing vacancy levels at 4% and strategy occupier demand, the Luxembourg office market has performed extremely well and many investors are focusing on this market, which offers plenty of potential. Through combining our excellent capital markets record with a highly reputable office agency team, we will offer the very best advice to our clients,' said Gregory Martin, managing director of Savills Belux.
After Brussels, where Savills has operated since 2008, the Luxembourg office will be its second in the Belux region. As of September 2016, the new team will work alongside the Belgium office to provide additional leasing advisory and tenant representation services.
'As a key global investment centre, Luxembourg is very much on the map for our investor, occupier and landlord clients, and our entry into this market is in line with our growth strategy across Europe. Through close collaboration with our global network of specialists, we are confident that Savills will become the preferred real estate advisor in this region,' says Mark Ridley, CEO Savills UK & Europe.
Savills Luxembourg is based in the Cloche d’Or area, 20 rue Eugène Ruppert.
