Credit: BPI Real Estate Luxembourg
BPI Real Estate Luxembourg has announced that on Monday 27 April 2026, the Municipal Council of the City of Luxembourg (VdL) approved the new special development plan (les plans d'aménagement particuliers - PAP) for the Kennedy Park site in Luxembourg-Kirchberg.
According to BPI Real Estate, spanning more than three hectares, the former historic headquarters of BGL BNP Paribas will be transformed into an open, mixed-use and sustainable district, designed to welcome new uses and reshape everyday life in Kirchberg by 2028.
The project will include eight new buildings combining housing, including apartments, co-living and hospitality, with offices, leisure, retail and services, along with a 1.6-hectare park open to the public.
After completion, BPI Real Estate said that Kennedy Park will welcome around 830 residents and more than 4,000 employees, helping to transform a historically tertiary site into a district that remains active beyond office hours, seven days a week.
KPMG Luxembourg and Linklaters have already selected Kennedy Park for their future headquarters. Linklaters will take possession of its new 5,500 sqm headquarters in the third quarter of 2028, while KPMG Luxembourg will relocate its 1,800 employees to a 31,000 sqm building in the fourth quarter of 2028.
Only two office buildings remain available within the development: Ginkgo (8,200 sqm) on avenue J F Kennedy and Oak (11,000 sqm) on rue Edward Steichen.
“As a testament to the project’s commercial success, advanced discussions are currently underway with leading players in the leisure and hospitality sectors, as well as regarding the sale of the co-living and apartment buildings,” said Sébastien Labis, Country Director at BPI Real Estate Luxembourg.
BPI Real Estate said that the new project will be “a place to live, work and connect”, explaining that Kennedy Park is designed as a coherent urban ecosystem where public spaces set the rhythm, the developer said. The existing garden will become a public park leading to a central plaza at the heart of the site, while green pathways will improve connections between rue Steichen and boulevard Kennedy.
The office buildings, designed with timber structures, are named after trees, while the residential buildings take their names from flowers, linking architecture, nature and use.
Luxembourg-based firms, including Assar Architects and Moreno Architecture & Associés, will work alongside international partners such as Schmidt Hammer Lassen Architects (Denmark) and A2M (Belgium) on the project.
As part of a low-impact approach, the project will retain and reuse 48,800 sqm of existing infrastructure, representing more than 60% of the site, including underground parking. Teams have inventoried and sorted materials for reuse, recycling or recovery. For example, more than 12,000 sqm of raised floor panels will return to the market.
The office buildings will use hybrid timber structures and high-performance construction solutions, which will reduce embodied carbon by around 30% compared to standard office buildings.
The façades will balance natural light with protection against summer overheating. The district will include cooling areas, rooftop gardens, planted terraces with rainwater retention, photovoltaic systems and heat pumps, contributing to AAA energy performance.
Aligned with the European taxonomy, Kennedy Park aims to obtain BREEAM®, DGNB, WELL Building Standard® and LCBI® certifications.
BGL BNP Paribas vacated the Kronos building for seKoia in September 2025. Deconstruction works will continue until September 2026, led by Luxembourg-based contractor CLE, while construction will begin in summer 2026.
According to the press release, Kennedy Park will create nearly 1,000 jobs over three years and has a construction budget of more than €200 million.
