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    IMMO   BE0003599108

IMMOBEL NV

(IMMO)
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Real-time Euronext Bruxelles  -  11:35 2022-10-04 am EDT
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Immobel : acquires the residential “Commodore” project located in Evere, Brussels, Belgium

07/11/2022 | 11:44am EDT

On 11 July 2022, real estate developer Immobel announced the acquisition of the Commodore project*(11,000 m²) in Evere (Brussels, Belgium). The project, with final permit, consists in the redevelopment of a former office site into 115 quality apartments surrounded by green.

The Commodore project is part of the Master Plan of the Brussels Region to redevelop a former office area into a pleasant residential neighbourhood with a pedestrian zone and cycle tracks in green surroundings.

Through this transaction, Immobel will be able to develop three residential buildings with 115 apartments for about 300 residents. The buildings provide a mix of studios and 1, 2 and 3, 4-bedroom flats with terraces, all with a beautiful and well-thought design, built to Immobel's high-quality standards. In addition to the 124 car parking, 229 bicycle parking will be foreseen to encourage soft mobility.

The ground floors of the buildings are designed to accommodate commercial space and public facilities (such as a doctor's practice or a daycare centre), which create a direct link with the city. Residents will have access to numerous amenities at walking distance.

Residents will benefit from a park with an orchard and a shared urban vegetable garden to promote biodiversity on-site. The buildings will be equipped with a rainwater recovery system, solar panels and green roofs.

The start of the commercialisation of the apartments is foreseen in Q1 2023.

"The Brussels Capital Region has a structural shortage of quality affordable housing. With Commodore, we are responding to this demand and continue to expand our residential offer in Brussels. We are happy to contribute to the redevelopment of a former peripheral office area into a modern, pleasant and sustainable residential neighbourhood." says Adel Yahia, Managing Director of Immobel Belgium.

The Commodore Project has been conceived by a partnership between STRATEL S.A. (Ph.le Hodey) and AUXILIAIRE DE GERANCE S.A. (N. Peterbroeck) and designed by architect DDS+.

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*Through the acquisition of the SPV Colonel Stone srl (holder of a right to build on the parcel).

Disclaimer

IMMOBEL - Compagnie Immobilière de Belgique SA published this content on 11 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 July 2022 15:43:01 UTC.


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