Federal administrations play musical chairs in the North District
ASSET MANAGEMENT
In Brussels North district, the office buildings Networks NØR (developed by Banimmo) and Möbius Tower II (developed by Immobel with Fidentia Real Estate Investments S.A) are to be sold to the Belgian state. It has now been confirmed that the Federal government has approved the allocation of 310 million Euros for those acquisitions.
To optimize the current occupation of office buildings by various public administrations, the Belgian Buildings Agency is to undertake several office moves. State Security will move into the 34,000 m² of the Möbius Tower II, vacating the North Gate building. The FPS Interior will occupy the 13,700 m² of the Networks NØR building. The Federal Finance Services will shortly vacate the Finance tower and move to the North Galaxy complex. The space freed up in the Finance Tower – to be renamed the Botanical Administrative Centre – at the corner of the Rue Royale and Boulevard du Jardin Botanique will go to the administrative services of the federal police. They will tus leave their current headquarters at the Jardins de la Couronne in Ixelles.
The acquisition of the Networks NØR and Möbius Tower II buildings is a first and major move demonstrating the Belgian Buildings Agency’s reversed real estate strategy. The organisation which manages all Belgian State assets is now favouring the purchase of new office buildings rather than their rental. These transactions are part of a much broader policy of renewal. The Belgian Buildings Agency’s objective is to invest 5 billion Euros over the next 10 years to put the State's real estate assets back into working order. Its total buildings portfolio is spread over 900 buildings and extends to 6.8 million m² in total. The multi-year investment plan set up by Secretary of State Mathieu Michel includes 160 projects identified across the country.
Read more in L’echo report [ Les premières acquisitions des futurs bâtiments fédéraux validées en Conseil des ministres ] >>