Press release
US State Department interested in Immobel and BESIX RED's Cours Saint-Michel
Brussels, February 1, 2022
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[1] 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.
[1] Acting through CSM Properties SA, of which Immobel and BESIX RED each hold 50% of the shares.
About BESIX RED
BESIX RED is a pan-European real estate development company, operating in residential, office, retail & services properties. As a subsidiary of BESIX Group, the company is present in Belgium and in a growing number of foreign cities. With a concern to create sustainable buildings meeting its customers’ needs, societal and ecological components, as well as innovation, form an integral part of its effort to conceive the real estate of tomorrow.
For more information, please read Mission & Values
Press Contact BESIX RED
Lucie Cardona
Marketing & Communication Manager
+32 (0) 2 402 64 95
lucie.cardona@besixred.com
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