ION and Eaglestone to redevelop together the former Construction Federation HQ

OFFICES
Didier Van Den Eynde

ION and Eaglestone are joining forces for the first time to redevelop the former HQ of the Construction Federation. Through a major renovation programme, the developers will transform the 1970’s building into a contemporary office building with high environmental quality while preserving its architectural heritage. Later this year, a permit application for the building will be submitted. The project will require both developers to invest over 50 million Euros. Kristof Vanfleteren, CEO of ION underlines: “Eaglestone and ION share the same vision for developing for this project into an outstanding building tackling contemporary environmental and social challenges.

The property at Rue du Lombard 34/42 benefits from a very good location, opposite the Brussels Parliament and only a few hundred metres from Brussels Central Station. It is thus located right in the historical centre of Brussels which is currently experiencing a renaissance thanks to the creation of the nearby pedestrianised zone and the consequent renovation of all the public spaces. Nicolas Orts, co-CEO of Eaglestone Group comments on their investment choice: “The pandemic has accelerated the transition of the office market. Companies have been pushed to look for more sustainable and flexible offices, close to communication hubs. This flagship deal in the city centre cements Eaglestone's position as an intra-urban player delivering large-scale projects with a strong environmental dimension”.

The developers have chosen Brussels-based architects A2RC to lead the transformation of the building with a total surface area of 8,250 m² spread across 8 floors. It involves the construction of an atrium in order to maximise the natural light, while conserving the façade and creating a new, high-quality inside space with a strong identity and contemporary design. The rooftop will also be opened up, boasting superb views of the Brussels Town Hall and offering high-quality outside spaces. The project aims to meet the latest requirements in terms of sustainable development such as carbon neutrality and zero use of fossil fuels, and is targeting BREEAM Outstanding certification,. The building should be delivered over the course of 2023.

The Construction Federation will be relocating next year to Avenue des Arts 20 on the edge of the European district. They commissioned real estate consultants Key Estates (Dick Dekeyzer) and REDIM (Damien le Grelle) to implement this deal.

ION, is still little known on the Brussels market and in Wallonia, although the developer opened offices in the centre of Brussels in 2018, and later in Wallonia and Luxembourg. Founded by the trio of David Demuynck, Kristof Vanfleteren and Paul Thiers in 2011, in barely10 years, the development portfolio of ION is valued at around 1.8 billion Euros. It involves more than 72 real estate projects spread across Belgium, both residential and office properties.