Immo BAM wins Joint Venture Contract for New Sustainable District in Brussels

Immo BAM, a subsidiary of BAM’s Belgian operation company CEI-De Meyer that specialises in project development, has won, in a 50/50 joint venture with property developer Pargesy, the contract to design and build the Tivoli sustainable district in Brussels. The contract is worth more than €95 million. 

The client is citydev.brussels, the organisation responsible for the urban renewal policies of Brussels, and the project is designed by Adriana joint-venture, formed by architects Atelier 55, Atlante, Cerau, YY and landscape architect Eole.

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

Tivoli aims to be a sustainable district by including a business centre, high energy performance of homes and buildings, pedestrian and cyclist-friendly roads, and focusing on improving biodiversity, water management and green spaces.

The construction works will be carried out in joint venture by CEI-De Meyer (50 percent), Besix (25 percent) and CFE (25 percent).

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 is worth in excess of €8 million. The homes will be built by CEI-De Meyer.