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Tue September 22 2020

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BAM JV wins contract for new Brussels district

12 Aug 14 A 50/50 joint venture of Immo BAM and property developer Pargesy has won a €95m (£75.8m) contract for a sustainable district in Brussels.

The project includes development, design and construction of 270 subsidised apartments, 123 social rented housing units, some commercial areas, two nurseries and a small workshop for the Brussels cleaning services. The contract also includes all roadworks on site.

The client is citydev.brussels, the organisation responsible for the urban renewal policies of Brussels.

Tivoli aims to be a sustainable district with features such as a high energy performance of homes and buildings, roads that are designed from the perspective of pedestrians and cyclists, and by a focus on improving biodiversity, managing water and green spaces.

The project is designed by Adriana joint-venture, formed by architects Atelier 55, Atlante, Cerau, YY and landscape architect Eole.

The construction works will be carried out in joint venture by Immo BAM’s parent company, BAM subsidiary CEI-De Meyer (50%), together with Besix (25%) and CFE (25%).

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