The week in business: 25 August
Aedificia to build rest homes in Germany, Imec to expand and an overview of the rest of the week's company news
Leisure – Centre Parcs
Property – Aedificia
The quoted Brussels-based property group is investing €200 million to build 17 rest homes in Germany in partnership with Residenz Management, an affiliate of the German Specht group. The buildings, expected to be completed in early 2019, will push Aedificia portfolio in the market to over 40 sites, housing 3,900 residents.
Finance – Flornoy
The French assets management group will open an office in Brussels on 1 September to service its local clients.
Research – Imec
The Leuven-based nanotech research and development centre has received planning permission to expand its campus with additional facilities to house up to 400 more employees.
Security – Connex
The Brussels-based provider of security solutions for businesses and households, controlled by some of the country’s wealthiest families, has been sold to the Stanley Security company in the US, an affiliate of Black & Decker. Connex has 11 offices throughout Belgium.
Demolition – Ford Genk
Demolition has begun on the former Ford factory in Genk, which was closed by the American parent company in 2014. The site is scheduled to house transport company Essers, Genk Green Logistics and a new public space.
Property – Corporate Village
Germany’s Union Investment fund has sold its five buildings next to Brussels Airport to Australia’s RF Capital for a knock-down price of €93 million, less than the €180 million initially expected for the 64,000 square metres, due to the high vacancy rate in the area.
