Europe's largest listed property company Unibail-Rodamco has been selected by the City of Brussels as the new co-developer of the NEO 1 project, with the 112,000 m2 ‘Mall of Europe’ as its centrepiece.
Europe's largest listed property company Unibail-Rodamco has been selected by the City of Brussels as the new co-developer of the NEO 1 project, with the 112,000 m2 ‘Mall of Europe’ as its centrepiece.
The NEO 1 mixed-use project also encompasses 590 housing units, 2 day nurseries, 3,500 m2 of offices and a retirement home. The development is being branded as Europea.
The Franco-Dutch retail giant will develop and operate the Mall of Europe, representing a €550 mln investment, while its partners CFE and Besix will develop the residential element.
Unibail-Rodamco said that the 230-unit shopping centre will feature a 'complete set of 4-star services, iconic shop fronts, a 9,000 m2 'Dining Experience' element with 30 restaurants, the largest cinema in Belgium with 4,000 seats and the first indoor 'Spirouland' in the world, at the heart of a 15,000 m2 leisure centre. The project, expected to open in 2021, targets a Breeam Excellent certification.
This is Unibail-Rodamco's first project in Belgium. 'Unibail-Rodamco is proud to start an ambitious collaboration with the City of Brussels and its partners CFE and Besix on this iconic project in the heart of Europe,' CEO Christophe Cuvillier said.
The Neo Brussels development project is being developed in stages and involves a total investment of €900 mln. The project is designed to affirm the Belgian capital's credentials as a truly international city.
The scheme will include the shopping centre, leisure, convention centre and a residential component covering a total of 300,000 m2 within the 68-hectare Heyzel Plateau. The district is near the Atomium exhibition centre, the RoiBaudoin stadium, a multiplex cinema and a park.
For more information, see www.europea-brussels.com
