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Renovation projects in 2014
Property
Type of works
Surface area
(in m²)
(Expected) End
of works
E-level
1
after
works
Max.
authorised
E-level
Tervuren 270-272
Mid-scale renovation (phase VI)
3,391
Q3 2014
90
2
N/A
Livingstone II
Renovation of offices
17,000
Q3 2014
N/A
N/A
Livingstone I
Reconversion of offices into apartments
17,000
Q1 2015
N/A
N/A
Woluwe 34
Reconversion of offices into apartments, retail and/or offices
6,680
Q1 2015
70
70
Guimard 10-12
Renovation of offices
10,800
Q3 2015
N/A
N/A
N/A: not applicable.
Property
Type of works
Surface area
(in m²)
(Expected) End
of works
E-level
1
after
works
Max.
authorised
E-level
Belliard 40
Demolition and reconstruction of offices and housing
20,000
Q2 2017
44
90
Souverain/
Vorst 24
Mid-scale renovation
3,900
Q4 2015
70
70
1
E-level: Maximum level of primary energy consumption of a building, according to
the European legislation.
2
Estimated value for renovated offices. No official declaration to be made.
The building houses the European Commission’s new training
centre.
It has been subject to restructuring and a complete renovation for a
total budget of €21 million, including VAT.
Permit obtained for the Belliard 40 (Science/Wetenschap
15-17)
March 2014: delivery of the town-planning and environmental
permits required for the redevelopment of the Belliard 40 build-
ing. The building is located at the corner of Rue de la Science/
Wetenschapstraat and Rue Belliard/Belliardstraat in Brussels, in the
heart of the Leopold district.
Plans for the new building namely include the creation of a plaza
and a green area adjacent to the pavement and the construction of
a light atrium over five floors, leading to an internal garden visible
from the street. The building will offer more than 17,000m² of mod-
ern, modular and sustainable office space.
Cofinimmo hopes to achieve an energy consumption level of E44
and a “Excellent” BREEAM rating. The project’s design, its sustain-
able quality, its ambition in terms of energy performance and its
environmental quality were what prompted the Brussels Capital
Region to award it the prize for “Exemplary Building 2011”.
The works will begin in February 2015 and are expected to last
two years. The budget for the project is estimated at €42 million,
including VAT.
Property services
The in-house Account Management and Property Management
teams, who forge long-lasting relations with clients and remain in
frequent contact with them, share the single objective of offering
tenants an all-in-one property solution, combining quality buildings,
flexibility of occupancy and associated services.
Any internal fitting-out works are managed directly by Cofinimmo’s
multidisciplinary Project Management department, which is staffed
by architects, engineers and space-planners.
In 2014, the Helpdesk handled 8,000 requests. The costs of these
services are invoiced to clients. Besides promoting client loyalty
and facilitating their use of the office space, which remain the core
objectives of this service activity, Cofinimmo has netted an operat-
ing result of almost €100,000 from its property services activity.
Renovation projects
The Project Management team is responsible for managing devel-
opments, large-scale renovations and interior design projects for
office space. Choosing an in-house management structure allows
Cofinimmo to maintain a high-quality property portfolio, used to the
best of its potential at all times, and to redevelop it using tech-
niques that offer the greatest protection to the urban environment
(also see the chapter “Corporate Social Responsibility” of this
Annual Financial Report).
In 2014, the Project Management department managed or was in
charge of several office projects in Brussels. The total value of the
office construction and renovation works managed and accounted
for in 2014 stands at €36.6 million.
Excluding projects that were started but not yet completed in 2014, the main projects for 2015 will be:
Renovation projects in 2015
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