International real estate advisor Savills has today announced the opening of a new office in Luxembourg which, after Brussels, will be its second in the Belux region. Since 2008, Savills has established a strong reputation within Belux’s investment advisory market and has successfully developed its valuation and property management services. Savills has now recruited an experienced office agency team of four and from September 2016, the new Luxembourg based team will work alongside the Belgium office to provide additional  leasing advisory and tenant representation services.
 
The  Luxembourg team will be managed by Régis Luttmann, who has twelve years experience in the Luxembourg regional real estate market. Jonathan Morand and Thomas Winckel also join as account managers and will specialise in the office leasing and industrial and retail leasing markets respectively. Sophie Leblon joins as marketing and communications executive.  

Gregory Martin, Managing Director of Savills Belux says: “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.” 
 
Mark Ridley, CEO Savills UK & Europe, comments: “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.”
 
Savills Luxembourg is based in the Cloche d’Or area, 20 rue Eugène Ruppert.