“Developing the real estate sector in a friendly environment” – LG Magazine 2022

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Thursday 02 February 2023

The second edition of the “Luxembourgish Real Estate Dinner by EuroCaution” took place on 2 December. After a year’s absence, the event made a comeback and brought together 180 participants, including the directors of numerous companies in the Luxembourg and Belgian promotion and construction sector. This dinner allowed Alessandro Rizzo, CEO of EuroCaution, and Cédric Doppagne, Chief Commercial Officer, to thank their clients, but also to create a place for meetings and exchanges where new collaborations could be born.

Founded in 2012, EuroCaution is a broker specialised in financial guarantees and bonds, which offers its products to companies in the real estate sector. In less than ten years, it has become the leader in bonding in Luxembourg and Belgium. Indeed, it now has 50 employees, 6.2 billion euros of current exposure in terms of construction costs, more than 28,400 guarantee beneficiaries and almost 700 clients.

In organising the second “Luxembourgish Real Estate Dinner”, EuroCaution’s objective was to inform about the latest market evolutions and to propose the creation of an association composed of the direct and indirect actors of real estate promotion, in order to overcome the difficulties that the sector is currently facing. Indeed, smaller companies are suffering from, among other things, the rising cost of raw materials, construction times have increased due to delivery delays, and the purchase price of land continues to rise. With the creation of this new association, Alessandro Rizzo and Cédric Doppagne hope not only to inform the general public, but also to defend the interests of the sector with decision-makers.

“To inform about market developments and to propose the creation of an association with the real estate development players”.

In addition, the event, which brought together almost 200 guests, was an ideal opportunity for the financial guarantees and sureties specialist to thank its clients in a convivial setting, which is very pleasant in these times of pandemic. The evening took place in the restaurant am Hesper Park in Hesperange. After the presentation of their CovidCheck, the participants enjoyed an aperitif with music provided by a disc jockey. Glasses of champagne and zakouskis were followed by dinner. The guests then moved to another room and were seated around large round tables. The meal was enlivened by speeches from the CEO and the Chief Commercial Officer. The evening finally ended with a cocktail bar hosted by the mixologist Depraetere Fines Cocktails.

In 2022, EuroCaution celebrates its tenth anniversary and, on this occasion, the date of the third edition of the “Luxembourgish Real Estate Dinner by EuroCaution” has already been announced: it will take place on Thursday, December 1st 2022 in a very unusual location.

The “Luxembourgish Real Estate Dinner by EuroCaution” made its return on December 2nd after a year’s absence. During this second edition, it brought together 180 guests, including the directors of numerous companies from the Luxembourg and Belgian promotion and construction sectors. On this occasion, Alessandro Rizzo, CEO of EuroCaution, and Cédric Doppagne, Chief Commercial Officer, were not only able to thank their clients, gathered in a warm atmosphere, but also to create a place for meetings and exchanges where new collaborations were born and will perhaps enable the difficulties that the real estate sector is experiencing today to be overcome. Next year, the broker specialised in financial guarantees and sureties will blow out its tenth birthday, and to celebrate this event, it will do it again by announcing the third “Luxembourgish Real Estate Dinner by EuroCaution” on the first of December 2022.

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