Immobel and BESIX RED announce that the U.S. Department of State is considering the acquisition of CSM Properties SA, owner of the Cours Saint-Michel site (100.000 m² built area) located in Etterbeek, Brussels. The site of approximately 4 hectares is located between the Mérode and Thieffry metro stations. The parties are in exploratory talks.

Immobel and BESIX RED* acquired the Cours Saint-Michel site in 2018. In early 2021, they applied for a building permit to redevelop the site. The ongoing process will continue its normal course.

*Acting through CSM Properties SA, of which Immobel and BESIX RED each hold 50% of the shares.

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IMMOBEL - Compagnie Immobilière de Belgique SA published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 12:11:15 UTC.