Unibail-Rodamco SE has been selected by the City of Brussels, with its partners CFE and BESIX, as the new co-developer of the NEO 1 project. This mixed-use project encompasses 590 housing units, 2 day nurseries, 3,500m² of offices, a retirement home and a 112,000 m² area dedicated to leisure, restaurants and retail: "Mall of Europe".
Unibail-Rodamco will develop and operate "Mall of Europe", representing a €550 million investment, while CFE/BESIX will develop the residential program. The Group will use its skillset and innovations on this 230 unit shopping centre which will feature the complete set of 4 Star services, iconic shopfronts, a 9,000 m² Dining ExperienceTM 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 the Group's first establishment in Belgium.
Christophe Cuvillier, CEO and Chairman of the Management Board stated: "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."