Major transaction for Belsquare and Deloitte in the centre of the European quarter has been saved
Major transaction for Belsquare and Deloitte in the centre of the European quarter
BelSquare and Deloitte have, on behalf of the Total Group, just successfully completed the sale of 100% of the shares of its subsidiary "Etmofina" to the development company "Immobel".
Immobel acquired the company from the French energy group, holding its historical Belgian headquarters as its main asset, with the view to redevelop a new project there in a sustainable manner, which is also a priority for Total. The Total group will maintain occupation of the premises for a few more years before relocating to a new headquarters in Brussels.
Immobel is once again demonstrating its desire to be the specialist in large-scale urban renewal projects.
BelSquare and Deloitte acted on behalf of the seller on the basis of a joint and exclusive sales mandate.
The implementation of a clear and structured sales process by BelSquare and Deloitte made it possible to enrol the candidate buyers in a fair competition process, a key factor in the success of this transaction.
Total in Belgium
The Total Group has been present for 100 years in Belgium and employs more than 4,900 persons. The Group has a long experience within Refining & Chemicals and Marketing & Services in the country and is more recently active in the supply of gas and electricity.
Created in 2013, BelSquare now has a team of 15 people. The company carries out consulting assignments for companies such as AG Real Estate, Axa Reim, Besix Red, Thomas & Piron, Extensa, Ginkgo Advisory (Banque Edmond de Rothschild), Degroof Petercam, Global Real Estate, Engie, Proximus ... BelSquare has been ranked by
Expertise in 2018 as the fourth consultant in Letting & Sales offices at the national level and the fourth consultant in Consulting & Investment.
BelSquare covers the entire Belgian territory. It is active in Brussels, Antwerp, Ghent, Leuven, Namur, Louvain-la-Neuve, Liège and Charleroi.
Deloitte Real Estate
Deloitte Real Estate offers the full range of Real Estate related Consulting and Corporate Finance services.
Our service lines encompass real estate strategy, transactions, financing and structuring (debt, equity, alternative, fund structures, JVs), development advisory, portfolio strategy & optimization, corporate real estate and valuation.
Our multi-disciplinary team is integrated in the broader Deloitte, hence offering our client a one-stop-shop approach including whenever required the tax and legal capabilities of our firm.
Our clients include professional investors, public and private owners and occupiers, developers and construction contractors across all asset classes.