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By the second half of 2023, the corner of 40 Rue des Colonies and Rue de la Chancellerie will change appearance and be the location of a brand new office building. Named Chancelier and developed by Codic in collaboration with the firm Archi 2000, this premium real estate operation is already being marketed by BNP Paribas Real Estate Belgium.

“Nothing is lost, everything is transformed”. The circular economy applied to real estate means re-using and developing buildings, infrastructures and neighbourhoods without drying up natural resources, polluting the environment or damaging our ecosystems. The aim of the circular economy is also to use raw materials sensibly, re-purpose and recycle waste. It is, more than ever, a part of property development’s business model.

The Covid-19 health crisis, whose effects the whole world has been suffering for more than a year, is forcing our society to adapt to new practices. Wearing masks every day, the widespread use of hand sanitiser and the imposition of social distancing are just some examples. Some of these new practices will remain, others will disappear. Adaptation could therefore cede to change. And there is one area in which we are the first to witness a revolution that is set to last: work. Or, more specifically, the workspace.

In the 2020 edition of its ESG (Environment, Social and Governance) report, BNP Paribas REIM has unveiled its new approach to sustainable investment. The integration of ESG criteria into investment decisions now enables BNP Paribas REIM to anticipate risks more accurately, contribute to boost asset performance by strengthening resilience, and anticipate environmental legislation.