Belgian property firm Immobel has been selected by telecom group Proximus as preferred candidate to buy and redevelop the Proximus headquarters in Brussels.
Under the operation, Immobel has been tasked with transform 100,000 m2 of office space across two towers in Brussels' Northern district into 'a sustainable and inspiring digital campus' by the end of 2026. Vendor Proximus will partially lease back the scheme.
The new project will target a BREEAM Outstanding label and a WELL Platinum certification.
Also this week, Immobel announced that it has raised €125 mln through the issue of a 6 ½ - year green bond to both retail and qualified investors.
Belfius and BNP Pribas Fortis have acted as Joint Bookrunners and Joint Green Bond Structurers and Belfius and BNP Pribas Fortis and KBC have acted as Joint Lead Managers.
'The issuance of this bond will allow us continue developing our projects with high sustainability requirements, to participate in the creation of the European cities city of tomorrow and in particular to strengthen and expand the ESG strategy of the Immobel Group. This success shows the interest of investors in environmental concerns but also their confidence in the Group and the strategy,' said CFO Karel Breda.
For this transaction, Immobel was advised by Linklaters and the Joint Lead Managers by Jones Day.
