Business Standard

Monday, December 23, 2024 | 03:58 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Post-Brexit, British firms head to Luxembourg but office space is an issue

Thirty UK-based companies have already targeted Grand-Duchy

Brexit
Premium

Illustration by Ajay Mohanty

Bloomberg
Luxembourg is so tiny that map-makers have been known to give up and pretend it’s not there.

So as the minuscule financial hub continues to draw London firms opening up a post-Brexit presence in the European Union, there’s a nagging question: is there enough office space?

“We asked ourselves in the beginning, right after Brexit, if Luxembourg will have the capacity to respond to the demand,” said Julien Pillot, a real estate broker at Inowai SA. “It was a worry.”

The good news, according to Pillot is that “if you’re looking for 500 square meters, you’ll find it easily.” The bad news, Pillot

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in