Press Release - PAPERJAM: Lionstone launches 113-room coliving scheme

Published on 01.10.2024

The lights are green for Lionstone Capital Management, which has announced that it has obtained planning permission for a 113-unit coliving project in Luxembourg. The project is currently seeking investors and a future operator.

A new large-scale coliving project is about to come to fruition in Luxembourg. Having purchased the land and financed the study phase, Lionstone has announced that it has obtained planning permission for a 113-bedroom coliving project. The architectural design was entrusted to Boito Architectes, with the assistance of consulting engineers Misko Concept and Aucarre.

In total, the residence, entirely dedicated to coliving, represents a gross surface area of 4,703m2. The rooms range in size from 14.50m2 to 27m2--each with a private shower room--and are divided into 11 “communities.” Each community is built around a communal living area comprising a lounge with TV, a dining room and a shared kitchen.

These shared spaces are complemented by 243m2 of communal spaces, including an 88m2 fitness area, which are open to all residents. They are located on the ground floor and include a projection room, a games area, a coworking space and a fully equipped kitchen. For convenience, there is also a large laundry room, with the option of using a laundry service if desired. Twenty-three parking spaces and 113 bicycle spaces are also planned. The project is located in Luxembourg-Gasperich, at 68 Mühlenweg, and is not far from public transport.

The development is designed entirely to accommodate young professionals coming to work in Luxembourg for the first time, often for a fixed period. This offer should help to relieve some of the pressure on the market for this segment of the population looking for an urban home, close to major employers and public transport. In other words, people who are looking for a home with services rather than a home with property. It follows the same dynamic as other residences developed by Colonies, Many Many and Habyt.

Illustration: Boito Architectes