On November 12, 2026, Grossfeld—a joint venture between Promobe and Nextensa—brought together all the stakeholders in The Terraces project at the construction site for the traditional topping-out ceremony. This symbolic milestone marks the completion of the structural work on this high-end office building, which is set to house the future European headquarters of the Lombard Odier banking group.
A ceremony marked by trust
A highlight in the life of a construction project, the topping-out ceremony celebrates the work accomplished by the teams and all the partners involved in the project. For the occasion, Grossfeld had the honor of welcoming Gilles Roth, Minister of Finance.
The ceremony featured remarks by Flavio Becca, Managing Director of Promobe; Gilles Roth, Minister of Finance; Jessica Rabut, Chief Executive Officer of Lombard Odier Europe SA; and Yannick Adam, an architect at Moreno Architectes & Associés. It was a convivial occasion shared with the teams from Promobe and Nextensa, the engineering firms, and the contractors working on the project.
Architecture that creates a dialogue between offices and nature
Designed by Moreno Architectes & Associés, The Terraces showcases a unique architectural identity, where contemporary lines and vegetation complement one another. “The building features cantilevered landscaped terraces that are more than just decorative elements: they extend the workspaces and areas for interaction among occupants while offering them a direct connection to the environment, ” notes Yannick Adam, an architect at the Luxembourg-based firm.
With a total floor area of 4,900 m² spread over six levels, the building offers flexible premium office space that can be adapted to different organizational structures and work styles. It also features a basement with 28 parking spaces, bicycle storage areas with lockers, 398 m² of archive space, and utility rooms.
The highest standards in sustainability and well-being
The Terraces is aiming for BREEAM Outstanding and WELL Core Gold certifications. “These certifications demonstrate the attention paid to both the building’s environmental impact and the quality of the indoor environment offered to future occupants, ” says Patrick Labey, Director of the real estate firm Grossfeld.
Lombard Odier: a name that reinforces the neighborhood’s standing
The international banking group, which has been operating in Luxembourg since 2011 and has specialized in wealth and asset management for over 230 years, has chosen The Terraces as the site for its future European headquarters. The bank will be the building’s sole occupant. “While searching for new premises that met its requirements, the bank was drawn to a building on a human scale, capable of offering a work environment tailored to its specific needs,” said Jessica Rabut, CEO of Lombard Odier Europe SA.
Following the arrival of other leading financial institutions, this new presence strengthens the Cloche d’Or’s position as the Grand Duchy’s new financial hub. “This neighborhood is no longer just emerging. Now fully established, it continues to gain momentum, attracting leading players and establishing itself as Luxembourg’s CBD, ” confirms Promobe.
La Cloche d’Or, a neighborhood with a bright future
Located at the corner of Kockelscheuer Boulevard and Mercator Street, The Terraces enjoys a prime location in the heart of the Cloche d’Or. Designed according to the principles of New Urban Living, the neighborhood combines mixed-use development, energy efficiency, and quality of life, and has earned DGNB Platinum certification. Its ecological corridor, park, and numerous green spaces help preserve biodiversity.
Today, more than 20,000 people live, work, and socialize every day at La Cloche d’Or. That number will rise to more than 30,000 by 2030.
The Terraces is scheduled for completion in April 2027.
