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RENOVATION PROJECTS

In 2015, 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 2015 was 21.36 million EUR.

Renovation projects in 2015

Property

Type of works

Area

(in m²)

End of works

(expected)

Guimard 10-12

Renovation

10,800 m²

Q3 2015

Souverain 24

Average renovation

3,900 m²

Q1 2016

The Gradient (formerly Tervuren 270 - 272)

Rénovation lobby and parkings

550 m²

Q2 2016

Belliard 40

Demolition and reconstruction of offices

20,000 m²

Q3 2017

In 2016, excluding the projects that were started but not yet completed in 2015, the main projects will be:

Renovation projects in 2016

Property

Type of works

Area

(in m²)

End of works

(expected)

The Gradient (formerly Tervuren 270-272)

Creation co-working zone

1,050 m²

Q4 2016

The Gradient (formerly Tervuren 270-272)

Renovation fourth floor

2,900 m²

Q1 2017

Tenreuken

New residential construction

11,800 m²

Q2 2018

“THROUGH CONVERSIONS, COFINIMMO IS

ABLE TO BETTER MEET BOTH THE DEMAND

FOR HOUSING TO ACCOMMODATE A GROWING

POPULATION AND THE DESIRE FOR GREATER

DIVERSIFICATION IN CERTAIN DISTRICTS.”

The Project Management team is responsible for managing develop-

ments, large-scale renovations and interior design and layout projects

for office space. Opting for this 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 techniques

that offer the greatest protection to the urban environment (also

see the “Sustainable Development” chapter of this Annual Financial

Report).

64

Management report /

Offices