Advanzia Bank and ANDANDO Real Estate sign long-term lease contract for climate-neutral headquarters for climate-neutral headquarters for Advanzia in Luxembourg

​The newly built EMERALD Building will be BREEAM-certified

Luxembourg, October 11th, 2021 – European digital bank Advanzia has signed a lease agreement with ANDANDO Real Estate for the construction of a brand new and ecological office building in Munsbach, Luxembourg. The “EMERALD Building" will be constructed and operated in a climate-neutral way and is scheduled to be ready by mid-2023. The 4,265 square metre building will use sustainable, efficient and green building technologies and materials, and will be certified with the green label certificate “Excellent" according to BREEAM, one of the world's leading sustainability assessment methods.

Advanzia CEO Roland Ludwig comments: “As a Luxembourgish bank, we are committed to strengthening our corporate office locally and creating a central location for our growing workforce. By using natural materials, the new building will offer our staff a welcoming, pleasant and environmentally friendly working environment. We are proud of our contribution to ecologic sustainability by choosing a fully climate-neutral concept."

​The EMERALD Building will be built using certified wood and pollutant-free materials. A highly efficient heating, cooling and ventilation system, photovoltaic installations, rainwater usage, sun protection and light control will minimise the building's carbon footprint. EMERALD will have a centralised monitoring and controlling system to collect and analyse consumption data and ensure efficient and green consumption of energy throughout the building's lifecycle.

Tobias Theis, Managing Partner at ANDANDO Real Estate, adds: "Compliance with the strict requirements for a climate-neutral construction and operation, as well as the aspired certification will make the new Advanzia headquarters one of the most advanced office buildings in Luxembourg and the Greater Region when it comes to sustainable and climate-neutral building construction and operation. We are very proud to partner with Advanzia and to provide them with a state-of-the-art building and a great new home for their employees."

The EMERALD Building will be the exclusive home to Advanzia Bank and its employees and is located at a short distance from the bank's current location at rue Gabriel Lippmann in Munsbach, Luxembourg.

​About Advanzia Bank

Founded in 2005 in Luxembourg, Advanzia Bank S.A. is a European digital bank specialising in credit cards and payment solutions. With more than 2 million credit card customers, Advanzia is a leading credit card issuer in Germany and has a strong presence in Luxembourg, Austria, France and Spain. The bank achieved a credit card turnover of EUR 3.5 billion in 2020. As well as issuing credit cards under its own brands, the bank also partners with over 250 companies, associations and financial institutions who use Advanzia co-branded credit cards to create competitive advantage. Advanzia employed 204 employees at the end of 2020. www.advanzia.com

​About ANDANDO Group/ANDANDO Real Estate

ANDANDO Real Estate S.à r.l, was founded to offer institutional investors and wealthy private customers broad access to the real estate market and to fulfil the increasing demands on investment structures and their management. Project development and refurbishment of existing properties are the target and expertise of the ANDANDO team with the main focus being on the Luxembourgish and German real estate market. www.andando-group.com