BAM wins joint venture contract for new sustainable district Tivoli in Brussels
Bunnik, the Netherlands, 12 August 2014 - Immo BAM, a subsidiary of BAM’s Belgian operation company CEI-De Meyer that specialises in project development, has won in joint venture (50/50) with property developer Pargesy, the contract for realisation of Tivoli sustainable district in Brussels. The client is citydev.brussels, the organisation responsible for the urban renewal policies of Brussels. The contract value is more than € 95 million.
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 road works on site.
Tivoli aims to be a sustainable district by having a business centre, through 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 CEI-De Meyer (50%), Besix (25%) and CFE (25%).
Immo BAM has also won a contract for the development, design and construction of 31 subsidised housing units and a small commercial space at the location 'Vandermaelen' in Sint-Jans-Molenbeek, a town in the west of the Brussels Capital Region. The contract amounts to more than € 8 million. The homes will be built by CEI-De Meyer.
Further information:
- press: Arno C. Pronk, +31 (0)30 659 86 21;
- analysts: Joost A.. Van Galen, RA, +31 (0)30 659 87 07.