It’s new for JLL Luxembourg, though not for the wider JLL group: the professional property specialist will now offer properties for industrial and logistics sector clients in the grand duchy. Mathieu Opsomer, who for four years has led this activity in Belgium, will be in charge of running it in Luxembourg. His colleagues François Villenfagne and Anouchka Defalque will assist him.

“The department is expanding in Luxembourg to support the property searches of its Belgian clients, including WDP and MG Real Estate,” says Opsomer. “Luxembourg is attractive to international clients thanks to its strategic geographical location between France, Germany, Belgium and the Netherlands, but also thanks to its advantageous tax regime, its legislative stability and its reliable and responsive administration.”

MG Real Estate has already been active in Luxembourg for a number of years and has developed projects such as Escape (Capellen) and Parc Verne (Kockelscheuer). WDP is the largest logistics fund in Belgium, and has developed Eurohub Sud (Dudelange). WDP is also present in Contern, in the DB Schenker distribution centre. Another client, Weerts Group--a company active in property development and transport--is already active in Belgium (including Liège) and France (including Metz), with Luxembourg being a natural next step--the company is already looking for land in the country.

“JLL’s development of this segment of the real estate market also reflects a desire on the part of the government to move in the same direction,” adds Emna Rekik, JLL Luxembourg’s country head.

This intention was also mentioned at a recent Fedil event, where  said that  (DP) is currently at the World Expo in Osaka, undoubtedly to return with companies looking to export themselves--and that Luxembourg therefore needs to “prepare.”

This article in Paperjam. It has been translated and edited for Delano.