A new chapter for Luxembourg's high-security hub
The 'Luxembourg High Security Hub,' popularly known as the 'Freeport' at Findel, is at the centre of significant discussions regarding its future. The Minister of Public Works, Yuriko Backes, has confirmed that the State acquisition committee is actively engaged in talks with the owner of this exceptionally secure facility. While the precise nature of these negotiations remains undisclosed, and the potential use by defense sector companies is neither confirmed nor denied, the development signals a potential shift for one of Europe's most secure storage complexes.
Unparalleled security features await
Originally conceived and meticulously equipped for the secure storage of precious objects, particularly artworks, the Findel Freeport boasts a level of security infrastructure rarely seen. Its design prioritizes safeguarding high-value assets, making it an ideal candidate for businesses with stringent security requirements. This commitment to security is underscored by an impressive array of features, including approximately 300 surveillance cameras, contributing to an electricity bill alone of around 50,000 euros per month – a testament to the robust and continuous security measures in place.
Vast and strategically located space
Spanning an impressive 22,000 square meters, this facility offers substantial space for a wide array of business operations. Its location in Findel, Luxembourg, provides strategic advantages, including proximity to a major international airport and seamless access to European markets. For businesses requiring extensive, high-spec premises in a prime European logistics and business hub, the Freeport presents a compelling proposition.
Considering the potential: beyond art storage
While the Freeport was purpose-built for art and valuable object storage, its inherent high-security design offers significant potential for a diverse range of new activities. Businesses in sectors such as high-value logistics, secure data storage, sensitive manufacturing, R&D, or even certain aspects of the defense industry could find the existing infrastructure highly advantageous. The current discussions hint at exploring these broader applications, moving beyond its initial niche.
Important considerations for redevelopment
It's important for prospective tenants to note that adapting the Freeport for new activities beyond its original design for secure storage of precious objects would necessitate significant structural transformations. As highlighted by the Minister of Public Works, these would involve 'major structural transformations.' Furthermore, while the facility’s historical operational model faced profitability challenges, leading to it being described as a 'financial black hole,' its unique characteristics and the potential for a new, strategically aligned purpose could unlock considerable value. The high operational costs, especially electricity, are directly linked to its state-of-the-art security systems, which would be a key asset for any security-intensive operation.
Source: infos.rtl.lu
