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ArcelorMittal likely to sell Avenue de la Liberté office
Economics

ArcelorMittal likely to sell Avenue de la Liberté office

25.03.2014 From our online archive
The ArcelorMittal office on Avenue de la Liberté is one of the capital's most striking landmarks, but it has been standing vacant since 2013, with the steel company likely to sell the building, according to a spokesperson.

(CS/mg) The ArcelorMittal office on Avenue de la Liberté is one of the capital's most striking landmarks, but it has been standing vacant since 2013, with the steel company likely to sell the building, according to a spokesperson.

Built between 1920 and 1922, the building used to be the HQ of steel company Arbed for decades, before the ArcelorMittal takeover.

Unions criticised ArcelorMittal's decision to abandon the building last year, saying that this represented the loss of a symbol of Luxembourg's steel industry.

The building last housed the HR and IT departments of the company, as well as hosting courses and lectures as part of the ArcelorMittal University.

Now, the building stands under protection as a national monument. This means that all renovations and changes to the structure need to be pre-approved by the monuments service. However, should respect for the integrity of the building be provided, refurbishments are possible, the service commented.

ArcelorMittal meanwhile is trying to search for a solution together with a consulting company to ensure that the historic value of the building is respected and the future of the monument is ensured, according to spokesman Arne Langer.

The option to sell the building has not been ruled out, and is indeed very likely, he added. However, Langer was unable to reveal further details.

According to reports, however, ideas for the site have included a hotel, as well as a gallery with offices, restaurants, bars and boutiques.

Talk of the town also has it that the courtyard of the building could be roofed in a similar style as the German “Bundestag” in Berlin with its famous glass cupola.