Antwerp Oosterweel tunnel to be constructed at a cost of 1 billion Euros
The third Scheldt tunnel is the most crucial element of the Oosterweel connection in Antwerp. Contracts for its building worth a billion Euros have been attributed to the ‘Tijdelijke Handelsvereniging Combinatie Oosterweeltunnel’ consortium composed of Belgian construction groups Besix, BAM Contractors, DEME and Jan De Nul. Works on the Oosterweel started in 2018 and are expected to end in ...
Liveable station districts: the cornerstone of the SNCB/NMBS real estate strategy
The building of the new SNCB/NMBS headquarters at Brussels South Station clearly demonstrates the public company’s real estate strategy. The stations have a great deal of potential that they want to activate. And projects around stations have become a must for real estate developers. In the Trends report, Cédric Blanckaert, head of commercial activities and of realising the benefits ...
Charleroi pursues development strategy
In its long document ‘Project for a City’, the city of Charleroi sets out its ambitions for the coming few years in terms of being inclusive, sustainable and entrepreneurial, among others. Also included are several specific projects involving real estate, and some of these are as follows.
Firstly, around the airport area, the city says it will convert the Gosselies ...
Iconic future-proof office building underway in Luxembourg
There is news of another major office building being constructed in Luxembourg. Besix RED, which is responsible for the new Ferrero headquarters building, has announced that construction of its new office project ‘Icône’, in Belval, has just started. And this is a building which believes in the established trend of collaborative working, rather than in social distancing. Designed ...
Maritime Station inaugurated
The latest evolution in the very long project to turn Tour & Taxis into a complete city district took place this week. The fourth of the major historical buildings to be renovated, the Maritime Station (following the Royal Warehouse, the Sheds and the Hôtel de la Poste) was finally inaugurated.
The building itself is extremely impressive through its size – ...
Impact of Covid on Cofinimmo’s 30 million Euro annual rental income from AB InBev
Cofinimmo generates yearly rental income of 30 million Euros from AB InBev from around 1,000 cafés and restaurants in Belgium and the Netherlands. This represents 11.6 percent of all its rental income. In 2007, Cofinimmo paid 357 million Euros for the 90 percent acquisition of 1,068 ABN in InBev’s catering establishments, of which 823 in Belgium. It was a ...
A scientific committee to assist in the access to housing policy in Brussels
The COVID-19 crisis which led to the lockdown in Brussels has highlighted the social duality which characterises the Brussels Capital Region in the domain of housing. Rudi Vervoort – Brussels Region Minister-President – intends to put the focus back on the challenges of access to housing based on controlled urban densification with the maintenance of green areas.
A scientific committee ...
Investor appetite for residential still growing
Over the past few years, the residential real estate market has made its way into the mainstream, as an asset class in its own right. This has occurred to the point that the major players in the industry are now becoming increasingly involved in a domain which, previously, was reserved for specialist residential players.