Belgian listed developer Atenor Group has announced the acquisition of HF Immobilier, the owner of a site on the former Brewery Henri Funck area at Rue de Neudorf in Luxembourg City.

With a ground area of 7,600 m2, this disused industrial site will be restored to create a complex of residences and commercial spaces offering around 13,000 m2. The site will also play a role in the urban revitalisation of the Neudorf residential district, Atenor said in a statement on Wednesday.

Construction is expected to start towards the end of 2012.

'The launch of this new project marks a new stage in the development of Atenor Group's activities in the Grand Duchy of Luxembourg and confirms its strategy of maintaining a long-term presence on markets where it has acquired experience,' Atenor said.