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CFE - 2006 annual report - Vinci

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In March, Sogesmaint-CB Richard Ellis obtained an order<br />

for coordinating design and execution of renovation work on<br />

the “Botanic” building, managed on behalf of Crédit Suisse.<br />

This mixed-use retail and office building is located at the<br />

corner of rue Neuve and boulevard du Jardin Botanique in<br />

Brussels. The approximately 6,000 m 2 of office space in the<br />

building will be completely renovated.<br />

Sogesmaint-CBRE is continuing to grow its managed<br />

portfolio and to diversify its customers, particularly among<br />

European investors.<br />

In the area of Project Management, Sogesmaint-CBRE<br />

received several assignments for interior redevelopment<br />

both in the retail segment in Antwerp and Liège (Meir<br />

and Galeries Saint Lambert), and in the office segment in<br />

Brussels (Parc Alliance, Westinvest).<br />

The outlook for 2007 is positive, with the prospect of new<br />

management contracts, increased consulting activities<br />

with foreign investors and significantly bolstered retail mall<br />

management.<br />

Marguerite Kessels, 36 years<br />

Property Manager<br />

Since their merger, the new company Sogesmaint-CBRE<br />

has been using the complementary strengths of its two<br />

shareholders in their respective fields to create a group<br />

that is unique in Belgium and Luxembourg in the area of<br />

real estate and related services.<br />

Sogesmaint-CBRE’s recognised know-how in property<br />

management, which makes it number one in Belgium<br />

with more than 2,000,000 m 2 of managed space, allied<br />

with the retail dynamics of CBRE and <strong>CFE</strong>’s expertise in the<br />

areas of construction and real estate, allow us to create an<br />

integrated group that will be able to act on new opportuni-<br />

ties, such as management and property improvement.<br />

An ongoing dialogue has been established with mer-<br />

chants concerning their specific needs, and this allows<br />

Sogesmaint-CBRE to offer real expertise and experience<br />

in the management of malls and retail parks. All of this is<br />

established within a well-defined legal framework, such as<br />

a commercial lease.<br />

We are currently managing several retail malls such as<br />

the Galeries Saint Lambert in Liège (45,000 m 2 of new<br />

space), the Galerie Louise with more than 50 businesses,<br />

and the Galerie de la rue des Tongres with more than<br />

30 businesses.<br />

We have also been able to obtain the management<br />

contract for the new Hognoul shopping complex, a Redevco<br />

development on the former Ikea site. This is a 13,000 m 2<br />

complex, housing some ten major retailers which provides<br />

consumers with a “à la carte” shopping experience.<br />

In this way, we have been strengthening our presence on<br />

the retail market and are increasing the activities of this<br />

new department by bringing new commercial properties<br />

under our management.<br />

It gives me a great deal of pride to be able to offer to land-<br />

lords and tenants the know-how of an experienced team<br />

and an efficient infrastructure.<br />

“Montoyer”<br />

building<br />

in Brussels.<br />

Architect: Assar -<br />

Mr Ysebrant et<br />

Mr Morales.<br />

5 5

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