Quares Residential Investment and Nextensa announce the successful acquisition of the residential building Imperial on the Tour & Taxis site in Brussels. The notarial deed for the sale of the entire building was passed on 29 December 2023 and its completion is scheduled for the last quarter of 2024.

Calendar icon02 January 2024

The acquisition marks another milestone in the growth anddevelopmentofQuaresResidentialInvestment’sreal estate portfolio and fits within Nextensa’s commercial sales activities.

Located in a new neighbourhood on the historical Tour & Taxis site, Imperial houses thirteen energy-efficient one- to four-bedroom apartments and is characterised by a thoughtful design by Sergison Bates architects and a sustainable character. The building is part of the second phase of the Park Lane project which consists of 346 appartements spread across 11 compact buildings. In total, more than 60% of the apartments have already been reserved or sold.

“We are excited about this collaboration with Quares to whom we are selling an entire residential building for the first time. This sale confirms that the Park Lane project and the Tour & Taxis’ 15-minute neighbourhood concept is working.” explains Michel Van Geyte, CEO Nextensa.

With this acquisition, Quares Residential Investment strengthens its position as an ambitious investor in sustainable residential real estate and confirms its commitment to provide quality, affordable housing for the Belgian rental market.

“The acquisition of the Imperial building, developed by Nextensa, is an important step for Quares Residential Investment and fits into our long-term strategy to give a thousand families access to sustainable yet affordable rental housing by 2030.” states Romeo Mercken, Head of Quares Investment Services.

For more information about Quares Residential Investment and its residences, please visit qrinvest.be. For more information on the Park Lane project, please visit parklane.brussels.