German property group Patrizia said on Thursday that it has started refurbishment work on ‘The Louise’, an iconic 1960’s office tower located in the heart of Brussels which is to be redeveloped into an ultramodern carbon-neutral building by the end of 2023.
The construction activities on the former Generali Tower will involve a complete renewal of the facade, and all mechanical and electrical equipment as part of efforts to realise a high level of energy efficiency.
The original architecture of the 24-storey building, designed by architects André and Jean Polak - also known for Brussels’ monumental landmark the Atomium - will remain intact throughout the process.
Sam Walsh, director Real Estate Development at Patrizia: 'The Louise is being redeveloped and repurposed to meet the changing needs of modern-office occupiers. The colourful hoarding reflects the four pillars of the new design: technology, well-being, sustainability and Grade A+ quality. Tenants are increasingly demanding Grade A+ office space that ticks the boxes in terms of sustainability, well-being and digital technology. The Louise meets all of these criteria.'
Patrizia took control of the asset at the end of 2019 as part of its purchase of the Solar portfolio.
The so-called Louise tower is a landmark on Brussels’ skyline reaching 85 metres in height. It provides 26,600 m2 of office space in the prestigious Avenue Louise. At the time of the acquisition Patrizia estimated to spend around €65 mln to redevelop the asset.
