Immobel reports the successful sale of a 12,000 sqm office building to Elia Transmission Belgium. This property is part of the Lebeau project, which is wholly owned by Immobel. The property is located in a prominent position between Mont des Arts and Grand Sablon in Brussels.
The entire Lebeau project covers an area of 36,000 sqm and is transforming a previously purely commercial block into a vibrant, mixed-use location. Offices, residential units, retail spaces, and public car parks are integrated here to create an urban structure. This illustrates the current development trend within the Brussels real estate market to give increased attention to mixed-use real estate concepts.
The office building, known as the “Justice” building, is designed and developed as a fossil-free and future-oriented property. The focus is on the synergy between ecological balance, circular economy principles, and a positive user experience. Large amounts of natural light and adaptable layouts contribute to enhancing user well-being. A communal, green courtyard increases biodiversity and opens the block to the urban space.
The sale is part of a broader urban renewal measure that restores the connection between Brussels' upper town and the historic city centre. Concurrently, a centrally located block that had lost vitality in recent years is being given new life. The project aims for a more open and versatile urban landscape, where offices, residences, and retail spaces are grouped around a lively ground floor and green interior areas.
The location benefits from high multimodal accessibility. Brussels Central Station is a two-minute walk away, while various other public transport options are available in the immediate vicinity. The transaction underscores Immobel's expertise in complex inner-city development projects in Europe, combining a sensitive approach to architectural heritage, sustainable design, and mixed-use to create user-oriented locations.
The sale of the “Justice” building aligns with Immobel's capital discipline and strengthens the group's strategic focus on operational excellence. The transaction demonstrates Immobel's ability to attract both tenants and investors through thoughtful design, adherence to ESG criteria, and the selection of strategic locations.
