Caisse d’Epargne Belgium, the Belgian division of Caisse d’Epargne Hauts de France, recently finalised its inaugural transaction in the grand duchy, stated the bank in a press release on Monday 27 November.

Thierry Navette, director of Caisse d’Epargne Belgium, revealed that the institution participated in a banking pool alongside a Belgian and a Luxembourg bank to finance an office real estate project. This project, spanning 34,000 square metres, is situated in the Cloche d’Or business district in Luxembourg City.

The development of the project is undertaken by Atenor, a Belgian real estate developer. Adding to the project’s significance, the professional services firm PWC has committed to a 15-year green lease for the entire campus. The project is noteworthy for its inclusion of 3,500m2 of green spaces and 5,700m2 of terraces.

In terms of environmental sustainability, Atenor has aligned the project with the European Taxonomy and their objective is to secure the Breeam Excellent and Well Gold labels, reflecting high standards in building design and wellness.

Alcyme Delannoy, director Benelux at Caisse d’Epargne Belgium, commented on the bank’s strategy to leverage their Belgian expertise to broaden their business scope across the entire Benelux region. Delannoy highlighted this Luxembourg deal, a significant collaboration with a recognised real estate developer, as a key step in achieving this expansion goal.

The parent entity, Caisse d’Epargne Hauts de France, is a fully regional cooperative bank in France with B Corp certification and is a member of Groupe BPCE.