CFE - 2006 annual report - Vinci

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Patrick Van Craen
Damien Quinet, Valery Autin
CLi started work on the “Green Wood” residential project
located on the Kirchberg plateau, and marketing of the
26 luxury apartments is proceeding satisfactorily.
The land in Strassen, acquired in 2005 by CLi, and currently
housing the head offices of CLE, CLi and Sogesmaint-
CBRE Luxembourg, is currently the subject of a building
permit application, in compliance with the current urban
planning regulations, for an office building to be built in two
phases, each phase consisting of approximately 5,500 m 2 .
CLi is currently looking at several major project acquisi-
tions, primarily in the residential market, with a view to
engaging in real estate development activities in the Grand
Duchy, where the market remains solid.
Jonathan Dernelle, 30 years
Architect
Again in Luxembourg, CFE Immo has completed the sale
of the company that owned the “Dôme” building near the
central railway station in Luxembourg.
The building, which is currently more than two thirds
leased, completes the new Espace Pétrusse neighbourhood
that also consists of two office complexes, a hotel block
and two residential buildings, also in the final phase
of construction. Co-developed with VINCI Real Estate
and built by CLE under the technical supervision of
Construction Management, the success of this major
project in Luxembourg, is also a wonderful example of a
profitable synergy both within the CFE group and with the
VINCI group.
To my mind, project management consists of applying the
basic raw material for building construction: human skills.
C F E A N N U A L R E P O R T 2 0 0 6 I 1 2 6 t h I also have the good fortune, in a real estate development,
“Greenwood”, 51 ridges marking the horizontal rhythm of its to start from a piece of land that is sometimes not yet up for
zinc façade, 26 apartments, 2 core flow areas, 1 building... sale, and to finish my mission by handing over the keys to a
in short, a small project compared with other CLE building couple who have a new home.
sites.
This experience enhances my understanding that each line
Paradoxically, if I am to tell you about my mission, I must tell drawn on a blank sheet will have consequences, right up
you about the other players, because my main concern on until the end of the project.
this project has been that there would be a team, that all the
A small project, you think? It represents a gold mine of
disciplines, such as architecture, building services, and the
information, an essential step and, above all else, a beautiful
contractor “talk to each other”, exchange ideas and foresee
project, that is, the work of a group - the work of a team.
problems together.
c o r p o r a t e f i n a n c i a l y e a r