CB Richard Ellis exclusively mandated to sell the Solvay site in Brussels

Solvay, the international industrial Group active in Chemistry, has controlled its former headquarter complex in Ixelles for over 100 years.

The site consists of 5 buildings, or 40.000 m² in total. These buildings are located along the rue du Prince Albert, the Rue Keyenveld and the Rue Prince Royal, and the site gives out on the Chaussée d’Ixelles, one of the most important retail highstreets in Brussels.

At the start of 2011, Solvay decided to regroup its Belgian business activities in Neder-Over-Heembeek (Brussels). Through public tender, Solvay has searched and found a partner to coordinate the sale.

CB Richard Ellis has been exclusively mandated to specify the further sales strategy and prepare the sales process.

“The enormous site is spread over 2 acres, in the heart of Ixelles. Because of its location and size, the buildings provides for a significant redevelopment potential. Because of the lively residential neighbourhood with lots of retail, pubs and restaurants, the Solvay site is likely to become a mixed project with a focus on housing.”, according to Nicolas Orts, CEO of CB Richard Ellis Belgium & Luxembourg. “In a next step, the redevelopment plans of potential buyers will be analysed, with respect to the impact on the neighbourhood and ease of integration.

Being the worlds’ largest real estate adviser, CB Richard Ellis has gained significant expertise concerning large redevelopment projects in and outside the city. CB Richard Ellis has for example found a buyer for the Eli Lilly industrial site in Mont-Saint-Guibert and sold the Tupperware complex in Aalst. CB Richard Ellis also advised in the sale of the plot of land where the actual headquarter of Suez is located (Brussels) and advises GM in the sale of its manufacturing site in Antwerp.