Belvédère, a cooperation of the municipality of Maatricht, ING Real Estate and BPF Bouwinvest, will acquire the site of sanitation manufacturer Sphinx at the Boschstraat in Maastricht. An amount of € 45 million is involved in this transaction.
Sphinx will use the proceeds for the construction of a new, fully computerized factory in the Beatrixhaven. Due to the move and further automation, Sphinx will dismiss 250 employees, which is slightly more than half of the total number of employees.
Over the coming thirty years, Belvédère will realize a new, partly innercity development on the northern side of the city center of Maatricht. The development consists of more than 600 dwellings, 20,000 m² of office space and 15,000 m² of retail.