On 12 July 2016, Atenor communicated that it had entered into exclusive negotiations with Europa Real Estate III Sarl, a wholly owned subsidiary of Europa Fund III managed by Europa Capital LLP, to enter into a joint venture through the company indirectly holding the rights in rem of the "REALEX" project located between the Rue de la Loi and the Rue de Lalaing in Brussels, neighbouring the THE ONE project currently under construction (facing onto the Rue de la Loi, the Chaussée d'Etterbeek and the Rue de Lalaing).
On 19 October 2016, after the successful conclusion of the complete due diligence carried out during the last few months, Atenor confirms it has effectively entered into the joint venture in which it holds 90%, alongside another company with specific experience in the REALEX project.
We remind you that the REALEX project is being developed on a site with a surface area of approximately 5,200m² at ground level, ideally located in the heart of the European institutions, and concerns the construction of an office tower of approximately 42,000m² (rising to 114 metres) for which the permits have already been obtained. The intention is to continue the development of the ongoing project. A new quality public area will also be created between the future tower and the THE ONE tower under construction.
This new investment perfectly fits Atenor's strategy of developing large-size complexes of top architectural and environmental quality in urban districts well served by public transport.
Atenor will demonstrate through this project its role as a major real estate promotor and its involvement in the development of a city in terms of attractiveness, high-performance mobility and environment, specifically in Brussels' European Quarter.
