Cushman & Wakefield, the global property consultant, has announced that is has opened a new office in Luxembourg.
Having managed its activities in Luxembourg from its market leading Belgian headquarters in Brussels for over 20 years, Cushman & Wakefield has built strong foundations in the country particularly in the area of retail brokerage, asset management, investment, and valuation. The Firm is particularly strong in the retail sector and is the leading shopping center leasing agent in Luxembourg.
Cushman & Wakefield is now opening its own office to meet the increased demand for its services and to take advantage of the growth opportunities that exist in what continues to be a strong and stable real estate market. The new office will open with a team of five with plans to expand to a total of eight professionals by the end of the year.
Koen Nevens, Managing Partner of Cushman &Wakefield's Brussels office said: "The Luxembourg professional real estate market is characterized by strong rents, a relatively low vacancy rate, great dynamics, stable values, and a healthy growth.
"Our new office will complement our very successful Belgian operation and provides huge scope for us to provide the best services available to our clients across all sectors and service lines."
Source: Cushman & Wakefield