UK fund manager M&G Investments is taking new office space in the heart of Luxembourg city, as it expands its presence in the Grand-Duchy following Britain's vote to leave the European Union.
M&G announced earlier this year it would establish a new management company in Luxembourg and move some of its fund range to ensure it is able to sell its services across the EU after Britain leaves the bloc in 2019.
The Wort understands the company has now signed for office space of around 700 square metres in the Carrefour building complex on Boulevard Royal.
It is one of the first companies to take office space in Luxembourg due to a Brexit-related move, alongside insurer FM Global which has taken space at the One on One building on Route d'Esch.
Real estate is not a top priority for companies looking to set up in Luxembourg after Britain leaves the EU – with most weighing their regulatory options and applying for licenses before considering office requirements.
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Learn more / En savoir plus / Mehr erfahren:
http://www.scoop.it/t/luxembourg-europe/?&tag=Brexit