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Post-Brexit, British firms head to Luxembourg but office space is an issue

Thirty UK-based companies have already targeted Grand-Duchy

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Illustration by Ajay Mohanty

Bloomberg
Luxembourg is so tiny that map-makers have been known to give up and pretend it’s not there.

So as the minuscule financial hub continues to draw London firms opening up a post-Brexit presence in the European Union, there’s a nagging question: is there enough office space?

“We asked ourselves in the beginning, right after Brexit, if Luxembourg will have the capacity to respond to the demand,” said Julien Pillot, a real estate broker at Inowai SA. “It was a worry.”

The good news, according to Pillot is that “if you’re looking for 500 square meters, you’ll find it easily.” The bad news, Pillot