PROJECT BROUCK’R: IMMOBEL & BPI REAL ESTATE REVISES THE DESIGN

PRESS RELEASE

5/07/2022

Non-regulated information

Brussels, 5 July at 17.00

PROJECT BROUCK’R

IMMOBEL & BPI REAL ESTATE REVIEWS DESIGNED

The building permit for the redevelopment of the Brouck’R project was granted in July 2021, but in April 2022 the Council of State decided to suspend it. In consultation with urban.brussels and the Secretary of State, Immobel and BPI have decided to optimize Brouck’s design. The changes include removing the roof volume.

A dynamic rebuild

The redevelopment of Brouck’R includes the transformation of the former Allianz offices (38,000 m²) overlooking Place Brouckère in the center of Brussels. The sustainable, mixed Brouck’R project meets today’s demand for high quality urban and work environments. The former place was dominated by offices. By introducing a mixed project, the Region, the City, the developers and the architects really want to transform the area into a multifunctional urban district that attracts a diverse audience and provides a new dynamic in one of the most historic districts of Brussels.

An action plan with constructive solutions

Work (commenced in August 2021) was halted in April 2022 following the Government’s decision to suspend the permit (except for limited interventions for the safety and stability of the yard and neighborhood). Following the suspension, all parties involved immediately took the initiative to address the situation in order to avoid a stalemate and lengthy proceedings with negative consequences for the city center of Brussels in the long term. Consultation with several stakeholders takes place in order to arrive at a customized design for the project as soon as possible. “While we deplore the situation created by this suspension, our teams are working hard to find a creative solution to make this challenge the remarkable project we have always imagined for this exceptional place.”says Jacques Lefèvre, CEO of BPI Real Estate.

A dialogue with all stakeholders

Consultation with several stakeholders takes place in order to arrive at a customized design for the project as soon as possible. “We do regret the situation, but we also see it as an opportunity to learn from this experience. We are convinced that an open and constructive dialogue with all parties involved will provide positive solutions for the city, its inhabitants and all its users. ” , says Adel Yahia, CEO of Immobel Belgium.

For more details:

For more details:

Caroline Kerremans *

Head of Corporate Communications +32 (0) 2 422 53 37

caroline.kerremans@immobelgroup.com

* as a representative of Celeste CommV

About Immobel: Immobel is the largest listed real estate developer in Belgium. The group dates back to 1863 and creates high-quality forward-looking urban environments with a positive impact on the way people live, work and relax, and specializes in mixed real estate. With a market value of more than 650 million euros and a portfolio of more than 1,600,000 m² of real estate development in 7 countries (Belgium, Luxembourg, Poland, France, Spain, Germany, UK), Immobel plays a leading role in the European real estate landscape. The group strives for sustainable urban development. In addition, she donates a portion of her profits to charities in health care, culture and social inclusion. Immobel has approximately 200 employees.

Go to www.immobelgroup.comFor more information.

About BPI Real Estate

BPI Real Estate is the property development department of the Belgian industrial group CFE. The CFE group was founded in 1880 and is active in deepening, environment, offshore, construction, railways, multitechnology and property promotion. The real estate developer was founded 30 years ago and is present in Belgium, Luxembourg and Poland. The company is primarily active in the development of homes, offices, business premises, service properties and specific products. BPI Real Estate takes into account the social, energetic, aesthetic and technological aspects in order to develop an innovative and ecologically responsible urban design. In addition, the company uses its expertise in real estate design and development at Wood Shapers, a Belgian and Luxembourg company set up in 2019 by BPI Real Estate and CFE Contracting (both are part of the CFE group). Wood Shapers mainly focuses on the design and development of sustainable building structures of wood and prefabricated materials.

For more information: www.bpi-realestate.com

Disclaimer

CFE – Compagnie d’Entreprises SA published this content on July 5, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unchanged, the July 7, 2022 09:53:02 UTC

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