BESIX RED partners with PATRIZIA for the development of its project Viridis in Schaerbeek

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“This transaction – unique due to its size for a new development in Belgium - demonstrates that the Belgian residential built-to-rent market has reached its maturity for foreign institutional investors. This transaction also testifies to BESIX RED’s capacity to develop real estate projects that are particularly relevant to SFDR Article 8 ESG funds such as PATRIZIA’s Living Cities fund, which puts social cohesion, building communities and the wellbeing of users as well as ESG at the centre of their strategy“, comments Gabriel Uzgen, CEO, BESIX RED.

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14/02/2022 | Partenariat
  • BesixRed

Reyers district, the new rising neighbourhood

The project Viridis is located in a district of Schaerbeek that is experiencing a complete redevelopment, in the direct vicinity of the upcoming It offers an immediate proximity to Brussels’ main routes and hotspots and is easily accessible from the European Institutions and the city centre. While favouring calm and green area, it constitutes a perfect entry gate to the brand new living and active media hub that the strategic future regional development intends to create in the coming years.

Suzy Denys, Country Head of BeLux and transactions, PATRIZIA AG says: “Schaarbeek is one of the largest residential suburbs in Brussels, and this state-of-the-art development is located in the Reyers district – very close to the Mediapark, which will house the new headquarters of Belgium’s national broadcasters VRT and RTBF. Reyers is being transformed into a new, interconnected district; with a mix of offices, homes, public and commercial amenities as well as an 80,000 m² park which will completely revitalise this part of the city. Our property is set to offer great modern accommodation for people looking into high-quality apartments in this up-and-coming part of Brussels.”

A project tailored for its inhabitants

In the heart of five independent buildings articulated around a central courtyard and welcoming outdoor spaces, Viridis will offer a variety of 115 apartments from studios to four-bedroom apartments and duplexes. The project will be complemented by 143 parking spaces, a child daycare centre, 970 m² of office space and 1,876 m² of retail which will offer a perfect work-life balance mix.

“Viridis has a strong human dimension and perfectly fits our strategy focused on urban developments that bring value to the neighborhood and connects to the city fabric. Thanks to its location, connectivity and program, it will appeal to a variety of target groups including families, expats and young professionals. We are particularly proud to contribute to the renewal of the Reyers district and to do it in partnership with PATRIZIA with whom we share the same urban vision”, explains Raphaël Legendre, Country Director Belgium,

BESIX RED. BESIX RED has been assisted in the transaction by JLL and Linklaters. The project is set to be delivered at the beginning of 2024.

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