The Kirchberg Fund, Immobel, and Prefalux Home have signed a memorandum of understanding to ensure the implementation of the sustainable residential project Kiem 2050.

Signing of the Agreement at the Headquarters of the Kirchberg Fund
Front row, from left to right: Muriel Sam, Managing Director of Immobel Luxembourg; Sylvie Siebenborn, Chair of the Kirchberg Fund; Laurent Nilles, CEO of Prefalux Group.
Second row, from left to right: Jessica Pillant, Real Estate Manager of the Fund; Alex Iannelli, Accountant of the Fund; Fabienne Wagner, Architect of the Fund; Marc Widong, Director of the Fund; Charles Paquay, Secretary of the Fund’s Board of Directors.

As part of this agreement, the Kirchberg Fund commits to acquiring, under a future state of completion arrangement, all apartments except those already reserved.
This acquisition for resale aims to enable the developer to begin construction work no later than March 31, 2025.
The delivery of the housing units is scheduled for the first quarter of 2028.

“In these economically challenging times, the Fund looks to the future with confidence and demonstrates its commitment to the Kiem 2050 project by directly investing in housing that it will resell to future Kirchberg residents at competitive market prices,”
stated Sylvie Siebenborn, Chair of the Kirchberg Fund.
“We are proud to launch the first residential project of this scale designed with a circular approach in Kirchberg. Kiem 2050 envisions the urbanism of tomorrow, with the ambition of creating an exemplary model that respects the environment and has a positive impact on biodiversity,”
said Muriel Sam, Managing Director of Immobel Luxembourg, and Laurent Nilles, CEO of Prefalux Group.
The Kiem 2050 project comprises a total of 148 sustainable housing units, including 135 apartments sold at competitive market prices, as well as approximately 3,000 m² of mixed-use spaces (shops, offices, and HoReCa areas).
Commercialisation of these spaces is currently underway.