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Luxembourg bank unveils “19 Liberté”
Economics

Luxembourg bank unveils “19 Liberté”

06.07.2016 From our online archive
One of Luxembourg's most iconic buildings was inaugurated on Tuesday after changing hands and undergoing an ambitious make-over.

One of Luxembourg's most iconic buildings was inaugurated on Tuesday after changing hands and undergoing an ambitious make-over.

Number 19 Avenue de la Liberté is commonly known as the Arbed building as it formerly housed the headquarters of the steel firm, which would later become ArcelorMittal. It will now be known as “19 Liberté”.

The building was purchased in 2014 by Luxembourg's national bank Spuerkeess (BCEE), which has transformed its interior in the intervening 18 months.

Constructed between 1920 and 1922, the building's 2,700 metres square of walls and 1,450 metres square of ceiling space were restored by the bank. The roof and facade were renovated prior to its sale.

On Friday, the first employees are expected to move into their new offices and more will follow on July 24, according to BCEE Director General Françoise Thoma. Ultimately, 180 staff will work in the new building as marketing and branch management is moved to the historic building.

The Spuerkeess headquarters will remain at Place de Metz, where it has been located since 1913. Members of the public will be able to visit the renovated 19 Liberté building in future as some services, such as private banking, will be offered there.

The building was inaugurated in the presence of Hereditary Grand Duke Guillaume and Hereditary Grand Duchess Stéphanie along with Prime Minister Xavier Bettel, Finance Minister Pierre Gramegne and Economy Minister Etienne Schneider.