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BPI Real Estate, Burco and Belfius Immo are giving a new destination to the Riziv-INAMI office in Woluwe-Saint-Pierre

Published on  03/03/2021

On the 31st of March 2020, Belfius Insurance have acquired one of the office buildings of Riziv-INAMI in Brussels. As real estate developers, BPI Real Estate, Burco and Belfius Immo have taken up the challenge to give a new mixed-use to the existing building near Montgomery. 

The development team, in collaboration with Assar Architects, has submitted a building and environmental permit last December. 

The project involves the extensive renovation of the majority of the buildings, with a special emphasis on the principles of circularity, and demolition-reconstruction for a small part.
The developers have the ambition to deliver a sustainable project of high environmental and energy quality.

The exceptional location offers the perfect opportunity for the development of a mixed real estate project with apartments and offices. Depending on the timing of the permit procedure, pre-commercialization could already start this year, much earlier than expected.


A unique location on Avenue de Tervueren 

The current Riziv-INAMI office, with a surface area of around 12,000 m², is located on Avenue de Tervueren and Boulevard Saint-Michel in the prestigious municipality of Woluwe-Saint-Pierre.
The redevelopment project will include apartments in combination with a part of quality office spaces. In line with its exclusive and unique location on the prestigious Avenue de Tervueren, at the corner of Square Leopold II, this project will contribute to renewing a high standing image in this very popular neighborhood. The project uses the most efficient techniques in terms of heating, ventilation, lifts, connectivity, etc., in order to reduce the environmental footprint of the buildings as well as their consumption and costs.


Three projects for one same site 

Tervuren Square 
The existing building will undergo a major renovation, with most of the concrete structure being maintained, for the purpose of its conversion into 52 luxury flats and 2 office spaces.

Le Loft
The central building, called “Le Loft”, will be refurbished to provide divisible office spaces with an extensive green roof.  

17 College
As the building on rue du Collège Saint-Michel is not compatible with the criteria of the future project, it will be demolished and rebuilt. It will include 31 luxury housing units.

The basements will be renovated and will provide 104 slots including parking boxes and motorbike spaces. 


This approach will substantially reduce the environmental footprint of buildings.


A new entrance on the avenue de Tervueren

The interior island, accessible from the entrance porch of Tervuren Square, will be developed into a quality amenity area, including a green promenade, three private gardens, vegetation and landscape lighting. Particular attention will be paid to the quality of these green spaces. At the street front, the setback area will be laid out in the same spirit.
The vision of the project is to create a real “green island” in a highly urbanised environment.

A series of bicycle spaces is planned in various locations in order to promote its use.



About BPI Real Estate

BPI Real Estate is the real estate development division of the Belgian industrial group CFE, incorporated in 1880 and active in dredging, environment, offshore, contracting, rail activities, multitechnics and real estate development.
Established 30 years ago, the real estate developer operates in Belgium, Luxembourg and Poland. The company is mainly active in the residential, office, retail and service sectors and in specific products. 
BPI Real Estate takes into consideration the social, energy, aesthetic and technological el-ements in order to develop innovative and environmentally sound urbanism. Furthermore, it applies its expertise to the real estate design and development of Wood Shapers, a Belgian and Luxembourg corporation, established in 2019 by BPI Real Estate and CFE Contracting (both part of the CFE Group). Wood Shapers focuses mainly on the design and development of sustainable building constructions made out of wood or prefabricated materials. 

For more information:

Press contact

Philippe Sallé
Head of Development Bxl-Wal
+32(0)2 661 16 51


About Burco 

BURCO is a real estate promotion company founded in 1978, which initially specialized in urban renewal, as its original full name indicates: Belgian Urban Renovation Company. BURCO distinguishes itself through the care over the implementation of its projects, both architecturally and in the completion details. Indeed, its personalized assistance to its purchasers is a hallmark of its commercial approach. 
BURCO’s philosophy is rooted in such essential values as integrity, professionalism and keeping its word. This has built its lasting credibility on the property market. 
BURCO’s wish is to be a general property promoter (offices, residential, healthcare, leisure etc.) while concentrating on a qualitative, sustainable approach of the developed projects.

For more information:

Press contact

Thibaut Dumortier
Managing Director
+32(0)2 657 20 05


About Belfius Immo

Belfius Immo, a subdiary of Belfius Bank and Insurance, has been active for more than 25 years in the development of real estate for the corporate, public sector and in the residential market. At the end of 2016, it expanded its ac­tivities to include development of residential real estate projects, spread throughout Belgium, with the aim of offering qualitatively real estate to Belfius customers. Its financial expertise and in-depth business knowledge enable it to provide tailor-made services to its private cli­ents. Belfius Immo’s real estate experts are ready for potential buyers right from the start until the end. The Belfius clients knows that they can count on reliabele partners to invest in sustainable and valuable real estate with rigourous building standards contributing to energytransition.

For more information:

Press contact

Ulrike Pommée 
02 222 02 56/57/58