Iconic magazine EN #thefifthedition by IONdd

ICONIC MAGAZINE

#the fifth edition

Mix it up

1 2 ————— 2 0 2 0

De Wijngaard, a combination of different styles, functions, and target groups

Cities

#actION

Trends

Ghent, the modern version of a medieval city

ION is celebrating 5 years of carbon-neutrality

What is the impact of COVID-19 on the real estate market?

˼ ON THE COVER

De Wijngaard We built De Wijngaard in downtown Kortrijk in just two years. A combination of assisted living apartments, regular apartments, offices, and a courtyard garden.

˼ CONTENT

ICONIC

ICONIC #the fifth edition 1 2 ————— 2 0 2 0

6 —

Introduction

8 —

Cities

14 —

Trends

18 —

Architectural gems

22 —

In conversation

28 —

Finance

30 —

State of the art

34 —

Speakers Corner

36 —

Technology

38 —

#actION

40 —

Under Construction

44 —

The Resident

47 —

Photo section De Wijngaard

Ghent Upgrading our railway station neighborhoods Changjiang Museum + Cuadra San Cristóbal

What is the impact of COVID-19 on real estate?

AMAVI Capital believes in the growth of real estate technology Gallery owner Xavier Hufkens Head of Legal Hanne on the Breyne Act

Monteco: a first for ION in Brussels

5 years of carbon-neutrality Panquin

Willy enjoys his retirement at De Wijngaard

˼ INTRODUC TION

ICONIC

Looking to the future That 2020 did not go as expected is no exaggeration. Nevertheless, ION's growth curve continues to be on the rise. We still have plenty of new projects in the pipeline.

'The only way is up.

Nobody could have predicted what has

We will introduce you to AMAVI Capital in an

happened since ICONIC’s last edition, which

interview with Arne Allewaert and Frederic

appeared at the end of 2019. These have been

Van den Weghe. This is a new property

– and still are – challenging times. But at ION,

technology investment fund in which ION is

we won't lose heart and will deal with it in our

one of the investors. We recognize that the

own ambitious way. We have set up a safe

real estate sector needs to be digitized and

workplace where we can continue to work and

we want to be among the first to respond to

grow in different areas.

the market trends.

Because despite everything that’s happen-

As you can expect from us, we also want

ing, ION will continue to grow. In 2020, we

to inspire you with this magazine. We take

welcomed more than twenty new staff, which

a look at how our country’s railway station

means that we now have nearly a hundred

neighborhoods are being upgraded. We have

employees. And it’s not just the staff num-

responded to this trend with projects such as

bers that are growing. We will also keep

Roelevard in Roeselare, Niefhout in Turnhout,

taking steps in our three main areas, namely

and Vivesto and HaZee in Ostend. We also

sustainability, architecture, and innovation.

talked to Xavier Hufkens, a gallery-owner and art lover in Brussels. Finally, we visited two

— Nature, Design & the Future

very different architectural gems in Mexico

In 2015, ION was Belgium’s first real estate

and China. You can discover them for yourself

developer with carbon-neutral certification.

in this magazine.

In the past five years, we have been doing everything we can for the climate. We have

And what about the future? Our CEO Davy

been minimizing our emissions and offsetting

had a very interesting conversation about

whatever remains by supporting climate

this with Filip Dewaele, CEO of Dewaele

projects in Africa. This is how we managed to

Vastgroedgroep, and Véronique Goossens,

avoid producing 220 tons of carbon-emissions

Chief Economist at Belfius Bank. What is the

this year.

impact of COVID-19 on real estate prices? And on the types of homes? You can discover their

In the area of architecture, we have been

visions in this new edition of ICONIC.

pulling out all the stops with the prestigious Panquin project. This is a new construc-

We hope that this magazine will stimulate

tion and renovation project at the edge of

you to keep up the good work.

Tervuren Park. We are restoring the historic 18th -century horseshoe complex and constructing luxury apartments right beside it. You can read more about it and learn about its exclusive environment further on in this

Davy Demuynck en Kristof Vanfleteren CEO and co-founders

magazine. As far as innovation is concerned, we co-launched a new initiative right in the middle of the corona crisis.

Paul Thiers Chairman en co-founder

From left to right: Kristof Vanfleteren (CEO and co-founder), Paul Thiers (Chairman and co-founder) and Davy Demuynck (CEO and co-founder).

˼ CITIES

ICONIC

Attractive downtown Sustainable urban projects have become crucial in progressive cities such as Ghent. They ensure that urban areas will become pleasant places to work and live.

Ghent’s alternative approach 'The city has been experimenting with assigning temporary uses to derelict sites and vacant buildings.

˼ CITIES

Green in the city A city with only buildings isn’t good for anyone. Green spaces deserve and will receive that attention. “It is essential to combine greenery with buildings, especially in densely populated neighborhoods. This could result in, for example, neighborhood parks and open spaces. Other great alternatives are collective roof gardens or green facades. The Melopee city building in Oude Dokken was given an outdoor room that serves as a pergola. Over time, it will transform into a beautiful green facade,” says Barbara Dubaere of Sogent.

ICONIC

Getting to know your neighbors Public spaces will tempt residents to go outside. They are the perfect locations for getting to know your neighbors, making social contacts, or just getting some fresh air.

'People starting cohousing adventures will be the masters of most of their own home development processes.

— The modern vision of a medieval city

Cohousing may provide a solution. There are

Ghent was founded in 630 and has a long his-

many different ways of making this possible,

tory spanning centuries. Our lives and society

which is what makes it so much fun. People

have changed considerably over the years, but

starting such cohousing adventures will be the

the urban areas of large cities often lag behind.

masters of most of their own home development

Policy-makers, real estate developers, and resi-

processes.”

dents have been calling for a more pleasant living environment with more breathing space for a

— Same building, new function

long time. This mission has translated into sus-

Dilapidated buildings, derelict sites, and vacant

tainable urban development projects.

properties do not have to suffer quiet deaths. On the contrary, they offer an opportunity to

— Enjoying green spaces together

give a new dimension to the city. Ghent has

Ghent is a frontrunner when it comes to urban

been experimenting with assigning temporary

development. Space is scarce, and people are

uses to derelict sites and vacant buildings at

living ever closer together. This calls for creative

various locations. This should help to avoid

ways of organizing the available areas. Barbara

dereliction and give a boost to less dynamic

Dubaere of the urban development company

neighborhoods.

Sogent regards this as an opportunity: “A detached home with a garden is difficult in an

“Oude Dokken” is an excellent example of this

urban context anyway and requires a lot of sur-

initiative. This urban renewal project has been

face area.

running for fifteen years and is still evolving. Ghent is building an entirely new urban district.

˼ CITIES

ICONIC

Updating urban life Modernizing a city is more than just renovating buildings. It is also about new forms of living together, creating open spaces, quality of life for people, and a livable world.

“The architectural firm OMA created the ‘kebab

— Ledeberg do-it-yourself

stick model’ for the port area. The stick is the

Squares, city parks, playgrounds, cultural and

water, and the pieces of meat are the buildings.

sports centers help to help enrich the socio-cul-

The pieces of meat each alternate with bits of

tural lives of its residents. That is why invest-

vegetable. In this model, it’s neighborhood

ments in such infrastructure are essential in

greenery, a park, or other smaller green areas,”

cities with vibrant downtown areas. Therefore,

explains Dubaere.

the city gave its backing to “Ledeberg leeft (Ledeberg lives)” in 2018. Together with the

“Wintercircus” at “De Krook” is another recent

local residents' initiative “Ledeberg doet het zelf

project. The covered square dates back to

(Ledeberg do-it-yourself)”, it started looking for

1885, when it was an events hall. Sogent, com-

new uses for the buildings that became vacant

missioned by the City of Ghent, is currently

after DIY store Standaert’s bankruptcy. This has

working on major renovations to provide office

resulted in a brand-new neighborhood center

space. But you don't just have to work there.

called the “Broederij”. There is also room for

With an underground concert hall, a cafe, a

the weekly farmers' markets and other events,

restaurant, and a shop, it is set to become a

as well as a terrace. The green zone has pleas-

pleasant and busy environment.

ant seating areas, an edible garden with berry bushes, and communal vegetable gardens.

•

'Collective roof gardens or green facades are great options for creating green environments within an urban context.

Nieuwland: rushing ahead With the Nieuwland project, ION is building homes right in Ghent’s downtown area. Yet without all the usual hustle and bustle of downtown areas. The apartments have a spacious shared courtyard and also their own private terraces to retreat to. Moreover, the impact on the environment is limited. All homes comply with the BEN (Belgian nearly zero-energy) principles, which means that they use little energy for ventilation, heating, and hot water. The communal heating system ensures lower carbonemissions. www.nieuwland-gent.be

˼ TRENDS

ICONIC

Norwegian architecture tailored to Roeselare The Norwegian architectural firm Snøhetta collaborated with local architects for Roelevard's design. This has resulted in a bold design that is set to become a new landmark in the city. www.roelevard.be

Living above the tracks In the Netherlands, they have gone a step further. They not only want to build around the railway station neighborhood, but also above it. According to Dutch Railways, there are no less than 91,000 square meters of potential development land above Utrecht Central Station. “Although urban land is becoming increasingly scarce, more and more people are still moving to the major cities,” says Roger van Boxtel, CEO of NS (Dutch Railways). “We don't want those cities’ development to stagnate. Constructing beside and above the tracks is a way to keep the momentum going.”

There’s no stopping the railway station projects Wavering streetlights, dilapidated buildings, and a feeling of uneasiness. A few years ago, that would have been a perfect description of a typical Belgian railway station neighborhood. That negative connotation is in sharp contrast with today’s situation: Flemish railway station neighborhoods have become more popular than ever.

The times of rundown railway station neighborhoods are behind us. Companies are willing to pay high prices for strategically interesting locations, which has not escaped real estate developers. Railway station neighborhoods are increasingly becoming interesting investment projects. The major turnaround came after a few Flemish cities created a master plan to save their railway station neighborhoods, with car-free squares with abundant greenery, underground car parks and malls, restaurants and shops nearby, etc. The government immediately set an excellent example by establishing their administrative centers in the railway station neighborhoods. Soon after, the private sector also jumped on the bandwagon. “Not surprisingly,” says Cedric Olivier, Business Unit Manager at ION, “because

˼ TRENDS

ICONIC

A traffic congestion rate of 501 kilometers every working day This was the Flemish Region’s average for September 2020. A traffic congestion rate of 100 kilometers is the equivalent of 100 kilometers of traffic congestion for 1 hour. There is clearly a need for smart mobility, even during the corona crisis.

The district of the future Right next to Turnhout railway station, ION is in the process of building Niefhout, an entirely new, future-oriented urban district with apartments, homes, offices, and assisted living apartments. It has extensive indoor gardens throughout the site to provide 20,000 m² of new public spaces. And with De Kempen's first heating network, Niefhout is a pioneer in sustainability.

www.niefhout.be

smooth mobility is still essential. This not

same location creates a great ambiance.

“A railway often creates a break between

only applies to homes but clearly to busi-

There are things going night and day, and

different urban districts,” notes Olivier.

nesses too. And even though we are tele-

there’s a great dynamism between the var-

“Area developments can provide new links.

working more today, it doesn’t mean that

ious players at the site.”

For example, in the design for Roelevard,

we need to focus less on accessibility. The

we also paid a great deal of attention to

corona crisis has made many companies

This positive evolution has been applied to

public spaces. We want to upgrade an ex-

think about where they want to go in the

various Flemish cities. An excellent exam-

isting bicycle tunnel to create a link be-

future, including their offices. Should we

ple of this is Mechelen. With a more than

tween the urban districts on both sides of

expand or reorganize our offices? Real es-

80 percent growth in office projects, the

the station. This has always been the start-

tate developers can focus on this by offer-

city is clearly on the rise. The “Mechelen In

ing point of this design. Finally, we will use

ing flexible formulas. Either way, this new

Beweging” (Mechelen on the move) project

horizontal and vertical green roofs to give

concept of teleworking is setting things in

will give the railway station neighborhood

the surrounding area a fresh look.”

motion. I don't think this will be a threat to

a full makeover. There will be new railway

new office projects in railway station neigh-

and bus station buildings, a new railway

borhoods; I see it more as an opportunity.”

bypass, a link road, and many new bike and footpaths. A total of 120,000 m² of new of-

The fact that everyone wants offices close to train stations will also mean higher rents. Yet this won’t stop companies. Potential tenants mainly look at the overall costs, such as overhead, location, and mobility. When they do the math, choosing an office building near a railway station is in most cases the logical option. Olivier's responsibilities include Roelevard, an eye-catching project at the Roeselare railway station that ION is developing together with Steenoven. There will be 6,000 m² of offices and 81 apartments. “This combination of living and working in the

fice spaces will be built around the station.

•

˼ ARCHITECTUR AL GEMS

ICONIC

Bright daylight The architects have made the most of the natural light so that the rooms hardly need any lighting during the day. A spiral staircase surrounding a light source gives the building an extra dimension.

Changjiang ART MUSEUM

Vector Architects designed this impressive art museum in Changjiang, a municipality in China’s northern province of Shanxi. Its rapid urbanization in 2016 entirely disrupted the lives of its inhabitants. The museum has both cultural and public functions to meet the community’s needs. The stairs along the building lead to the public outdoor terrace. A pedestrian bridge leads to the northern part of the building.

˼ ARCHITECTUR AL GEMS

ICONIC

Emotional architecture Barragán believed that buildings that focus on functionality are too cold and sterile. He moved away from that approach and set emotional impact first as the goal of his designs.

Cuadra San Cristóbal

This is probably the first time you’ve ever seen such a colorful and stylish ranch. When the Swedish Egerstorm family asked Mexican architect Luis Barragán to design a house with stables, he came up with this spectacular design. He used both minimalist and modernist influences in geometric shapes with bright colors and organic materials. Today, the building provides accommodation for temporary art exhibitions.

˼ I N C O N V E R S AT I O N

ICONIC

Davy Demuynck Together with Kristof Vanfleteren, Davy Demuynck forms the dynamic duo that is central to ION. Driven by his passion for sports and entrepreneurship, he likes to see things moving forward. He sees any change in the market as an opportunity.

What is the impact of COVID-19 on the real estate market?

'Even before corona, we were already focusing on high-quality communal outdoor areas. — Davy Demuynck

“Stay at home” is undoubtedly the statement of 2020. But all that staying at home also has an effect on our homes. Everything came to a halt during the lockdown. Afterwards, there was a rush on real estate resulting in an overheated market. What's next? This is the key question of our podcast with Filip Dewaele, CEO of Dewaele real estate, Véronique Goossens, Head of Research at the Belfius Economic Studies Department, and Davy Demuynck, CEO of ION. — Real estate prices increased after the lockdown. In the third quarter, a house in Flanders cost on average 5.5% more than last year. For apartments, the increase was even 6%. Do you feel the prices are soaring? Filip: “Contrary to our expectations, there

To hear the full podcast,

was a lot of interest in real estate after the lockdown. People have had time to think about it, talk about it, and prepare. And when there are a lot of buyers, prices will go up.”

scan the QR code to listen to the interview or go to www.ion.be

Davy: “Shortly after the lockdown, we saw a decline in sales for some of our projects, while for other projects, we saw sharply rising figures. Demand was especially high for second homes on the coast and investment real estate in a limited price category. In particular, there has been a decline in the sales

˼ I N C O N V E R S AT I O N

ICONIC

Véronique Goossens Véronique Goossens worked as an anchor for Kanaal Z for many years. Today, she is the Chief Opinion Leader and Deputy Chief Economist at Belfius. Véronique is also the author of ‘De geldmakers: achter de schermen bij de Nationale Bank van België ('The money-makers: behind the scenes at the National Bank of Belgium).’

of off-plan development projects. But as a company, you can’t change the market. We mainly think about the future and the types of products we should develop to meet the demand. ”

'This crisis will not significantly decrease real-estate prices. — Véronique Goossens

Véronique: “There has obviously been a rush. We anticipate that the real estate market will start a cooling-down period this fall, but we don’t think that house prices will fall sharply. People are experiencing more fears. Fear of the virus, fear of losing their jobs, etc. That’s why we are still anticipating a price drop of half a percent this year. We are not expecting a major decline because various factors are supporting the market very well. On the one hand, borrowing is very cheap because of the extremely low interest rates. On the other hand, there is a massive housing shortage. The baby-boom generation wants to stay longer in their own homes, and the number of single-parent families is increasing. — Since May, there has been an increase in the sale of homes in the slightly higher price range. People attach more importance to having a yard and may require more office space. Have you noticed this in the demand for new developments? Or in sales? Davy: “I think it only has a limited impact because eventually, it comes down to affordability. Your wallet decides what you can afford. We’ve been focusing on high-quality housing with spacious terraces for years. Apartments with limited private outdoor areas are more affordable. In recent years, we have been putting major efforts into public spaces. We make sure that our large-scale projects have pleasant settings with green surroundings. I do want to emphasize affordability. In recent

Podcast The three experts had their conversation recorded and moderated by Geena Lisa in the recording studio. The result is ION's first podcast. The full conversation can be heard online and is the first of a series of podcasts on various topics from the world of real estate development.

years, people were able to afford the rising prices because of low-cost financing. The interest rates just kept dropping. I agree with the people around this table that we can expect a relative shift from home buying to home rental. Traditionally, Belgium has been a buyers' market, but we’re now approaching a situation in which 30% will have to rent. I believe that this will increase to 50% in the coming years. We believe there are advantages of focusing on rental property, which will still be in demand. A home with a yard or a separate office space?

There are still investors who have confidence

Eventually, it always comes down to

in real estate, so long as you can provide them

affordability.

with a full-service solution. Many people have bad experiences with rental properties because they have to solve any problems themselves. Various players are responding to this by providing full-service solutions to investors.

˼ I N C O N V E R S AT I O N

Filip Dewaele Filip Dewaele is the CEO of Dewaele Real Estate Group, which his father founded in 1984. This real estate group specializes in the sale, rental, and management of residential and commercial real estate.

'The rental market is growing. Due to budgetary aspects, but the government has also played a role. — Filip Dewaele

ICONIC

— Filip, as a real estate agent, have

are a lot more flexible. They readily switch

you noticed a rising demand for rental

between types of jobs and activities, take

property?

career breaks, and so on.

Filip: “The rental market is indeed growing. This is due to budgetary aspects, but the

Filip: It is true that young people are flex-

government has also played a role. In the

ible when renting in big cities. But as soon

past, the government relied on home-own-

as they settle down and start families, they

ership to solve pension issues. But to be able

will go back to being true Flemings with

to increase labor mobility, you need more

‘traditional homes.’ A switch to 50% rent-

people renting. This will help to solve traffic

ers won’t happen overnight. But the trend

congestion problems because tenants can

of more owners than renters has been

move closer to their work. Politicians have

totally reversed.

already made that switch. It was one of the reasons for last year’s abolition of the home bonus.”

•

Davy believes that the market share of tenants will rise to 50%. Véronique is also anticipating an increase, but

Véronique: “Although the rental market will remain buoyant, I believe an increase to 50% is an overestimation. I cannot see it evolving that strongly, but many young people are indeed finding it hard to buy a home. On the other hand, young people

is slightly more cautious.

˼ FINANCE

ICONIC

Among the first movers AMAVI is one of Europe’s first real estate technology investment funds. They are unique in that they don’t focus on start-ups but on scale-ups – companies that have already proven their worth and have growth potential across national borders.

AMAVI Capital believes in the growth of real estate technology

Early this year, six entrepreneurs founded

— — How do you define real estate

construction methods or reduce energy and

AMAVI Capital. This European investment

technology?

water consumption in buildings. We recog-

fund focuses on real estate technology,

Frederic: “Real estate technology is about

nize that the real estate sector is the next

also known as PropTech. Arne Allewaert,

digitization and innovation in all of the real

one that needs to innovate, so digitization

who helped start up ION and helped it to

estate and construction sectors’ processes.

is almost a no-brainer. We like to compare

grow, is one of them. Although he is making

This ranges from prospecting for land, the

PropTech with the FinTech movement of

a new start with AMAVI, he is sticking by

construction and sales processes through

recent years. After all, online banking and

the same values regarding innovation,

to the management and use of a building.

contactless payments are now the new

entrepreneurship, and sustainability.

One example is a Paris company that collects

normal.”

Together with his partner Frederic Van den

data such as prices, demographics, and per-

Weghe, he explains why they believe in real

missible construction heights and depths.

— What kind of investors are you

estate technology.

They combined these data to develop a tool

aiming at?

that lets you search for the most interest-

Arne: “AMAVI is bringing together real

ing plots of land throughout France. For

estate, technology, and private equity. Our

example, there may be a plot of land with

investors can also be found at that inter-

a three-storied building, but where the law

section, from real estate developers to

allows you to build one with six. This tool

construction companies and technology

will then automatically generate building

companies to more traditional investors.

volumes, make financial feasibility studies,

They are companies that already have a

and also contains the contact details of the

sense of innovation. We don't want to be

landowners.”

a fund that merely raises capital, makes investments, and yields returns. AMAVI

— Where does the idea of investing in

wants to create an ecosystem where the

that sector come from?

old-school real estate world can connect

Arne: “Everyone knows we are not sus-

with the new-school real estate technology.

tainable today. The construction and real

The investors will also test their own invest-

estate sectors are responsible for 40% of

ments, which makes it very relevant.

global emissions. More and more companies realize that it’s time for a change. Real estate technology can help find sustainable

— You started in full corona crisis. How did that go? Frederic: “Of course, last year’s investment climate was a lot better, but there’s still a lot of interest. The investment market is not static but is shifting its focus . The corona

'We have created an ecosystem where the oldschool real estate world can connect with the new-school real estate technology.

crisis has accelerated technological changes. For example, take the notarial profession. For many years, it was impossible to buy real estate without being physically present at the table. You can now give an electronic power of attorney and buy or sell via videocall in just a few weeks’ time. The corona crisis certainly has made real estate technology more interesting.”

Bundling of expertise AMAVI has shareholders from three relevant sectors. Davy Demuynck, Kristof Vanfleteren, and Arne Allewaert come from the real estate world. Frederic Van de Weghe and Paul Thiers have expertise in private equity, and Jonas Dhaenens has proven experience in the technology sector.

—

Arne Allewaert

˼ S TAT E O F T H E A R T

ICONIC

Like a kid in a toy store That is how Xavier Hufkens feels when the crates open, and he can see for himself what an artist has been working on.

“For me, everything has to be spiced.” Xavier Hufkens on art, nature, and architecture

The origins of Xavier Hufkens' unbreakable bond with art were not just puppy love. It arose from an intense love at first sight that he experienced as a 14-year old boy. Early this year Xavier, Hufkens celebrated the

He already knew then that one day, he

opening of his third exhibition venue in Brussels.

would open his own gallery. Because

Yet, at the age of eighteen, he decided to go to

when art touches your soul, you have to

law school. Even so, he felt it was the wrong

listen. Entering one of Xavier Hufkens’

decision right from the start. During a reorien-

galleries is quite an experience. It is an

tation period and nine-months’ military service,

overwhelming encounter with art as well

he opened a project and art venue in Saint-Gilles

as with architecture and nature. The

in the evenings for pleasure. That's where the

abundant sunlight streaming in, the warm

gallery owner can still be found to this day. He

atmosphere, the views of greenery, the

has an eye for contemporary art and young talent

whole environment touches the soul.

and is now one of Europe’s most influential gallery owners.

It is difficult to put into words, but you get the full picture once you are inside. “If there’s one thing a gallery has to have, it’s got to be personality and character." In 1987, Xavier Hufkens opened his first art gallery near the

gallery owner has to be physically present in

Brussels South Station. This gallery has intro-

the place where he belongs. I work all over the

duced some of the most influential contem-

world, but always from one place,” explains

porary artists to Brussels at a time when they

Xavier Hufkens. The current worldview sup-

were still relatively unknown. They include

ports and confirms his vision. “Today’s world

Thierry De Cordier, Antony Gormley, Félix

has less need for bricks and mortar, especially

Gonzalez-Torres, Rosemarie Trockel, to name

when you think of all the virtual possibilities

a few. Hufkens soon became an established

that allow us to travel from a screen to other

name in the art world, and his career devel-

places. Therefore, a physical gallery must be

oped in leaps and bounds.

a strong central core, a base with an abundance of personality. One thing that’s for

Out of his love for art, he opened two more

sure is that a gallery has to have personality.”

venues in Brussels later. Galerie Van Eyck was

“Without an identity, it would just be a cheap

the last one he opened in June. Was having

outlet system. That doesn't interest me.

three galleries in the same city a deliberate choice? Xavier Hufkens has no doubt: “My

Entering one of my galleries should be an

soul is in Brussels. And so are my galleries.”

experience you won't find anywhere else. With me, everything is spiced. And it's that

— A proud Brussels native

pinch of salt and pepper that typifies Xavier

St. Joris, Rivoli, and Van Eyck. These three

Hufkens. The experience in my galleries has

different venues are all within walking dis-

everything to do with art and architecture.

tance of each other. “Artists, collectors, and

As well as with our team. And the rooms. We

my team all need to know where to find me. A

don’t offer a venue that just exhibits young or

˼ S TAT E O F T H E A R T

ICONIC

Tracey Emin – Detail of love That's the name of the solo exhibition that should have been on display at Galerie Van Eyck. This artist explores love, loss, and desire with various works, such as large-scale paintings, gouaches on paper, and new neon projects.

'I work all over the world, but always from one place.

established artists. We use venues that are right for the particular works of art. The art takes precedence over both the visitor and the artist. Never the other way around.” — A loyal creature Good art is hard to find. Even for Xavier Hufkens, and he's been at it for 33 years. The gallery owner collaborates with a regular set of artists. “I am a loyal creature and believe in what I am doing. I do what I do purely because I want to be involved in art, and because I want to engage with artists. Art is part of our lives. This has been true ever since the prehistoric rock paintings broke away from the rock wall and became paintings.”

“Looking at both art and nature is a unique experience” Art touches the soul. But, so does nature. Hufkens likes to point out the garden at the back of the gallery (developed by landscape designer Martin Wirtz). “For me, art and nature are the perfect combination. Two of my three venues are green. Looking at both art and nature is a unique experience. You won’t find this kind of thing in many galleries. It also gives character to our venues.”

Rabbits - David Altmejd The artist David Altmejd is exhibiting a series of hybrid sculptures in which people and rabbits are fused into strange and enigmatic shapes. These works exemplify some of his oeuvre’s most enduring topics, namely transformation, metamorphosis, and regeneration. With their rich arrays of materials, including

“The artists I represent are an expression of

crystals, resin, and furs, these anthropomorphic

my own tastes. Sometimes they diametri-

works are a disturbing presence in the venue.

cally oppose each other. Others may see a

They are seductive in their visual complexity but

running thread in those choices, but I actually

nerve-wracking in their otherworldliness.

feel very free in them. You create a gallery most of all for yourself.” — A visionary Apart from the art, a gallery’s design and

in the other venues. For example, the main

architecture also play significant roles. Xavier

gallery St. Joris is currently being renovated.

Hufkens likes to collaborate with big (Belgian)

Paul Robbrecht, the architect who designed

names for the designs of his galleries. “I love

the gallery 30 years ago, is now in charge of

architecture. For me, the building must be

the building’s refurbishment. The venue will

devoted to art in the first place.”

be bigger and brighter. Landscape architect Martin Wirtz will once again take care of

“I love excellence. Otherwise, I wouldn't be

nature. Galerie Rivoli was designed by the

working with Paul Robbrecht, Harry Gugger,

Swiss architect Harry Gugger.

Bernard Dubois, or Martin Wirtz. But always in the service of art. And people! Works of

— A happy man

art must be protected by architecture and be

It is obvious: Xavier Hufkens has found his

given the right daylight and beautiful walls,

passion and will never give it up. “Ever since I

but they should not dominate.”

started as a gallery owner, I never looked back a single moment. While I can still pick up the

For the new venue, architect Bernard Dubois

phone, I will always be an art dealer. This job is

created a design consisting of large and

a real privilege. To be so close to man's soul?

smaller white cubes. The result is a beauti-

This is everything to me.”

ful gallery in which art, light, and nature can interact. This combination can also be seen

•

˼ SPEAKERS CORNER

Fifty years’ service The Breyne Act is a sound, simple, and readable law that has been amended only once since 1971. Unlike many complicated laws voted in today, this act has been doing an excellent job for almost fifty years.

Bought a house that still needs to be built? Head of Legal Hanne Dekeukeleire explains how the Breyne Act can protect you.

Anyone wishing to invest in real estate today has to be quick. Most of the new construction projects have already been sold out before the foundation stone is laid. At ION, this is no different. But do buyers run a risk if they invest in a property that hasn’t been built yet? No, because they are protected by the Breyne Act. Hanne Dekeukeleire, Head of Legal at ION, explains how it works. — Why was this law drawn up? “The Breyne Act is a relatively old law that dates back to 1971. At that time, there was a massive increase in the number of new houses on the real estate market. Without a legal framework, some real estate developers made the buyer pay the full price before construction started, with all the risks involved. In the event of the construction company’s bankruptcy, the buyer would have paid for a house they could never live in.”

ICONIC

'The Breyne Act protects the buyers of a house that has yet to be built or is under construction. — What is the gist of the Breyne Act?

— Does it cover every purchase of a new

“In short, the purpose of the act was to protect

construction?

the buyer of a house that is under construction

“Buyers will have to meet three conditions to

or yet to be built.

be able to make use of the Breyne Act, which are outlined below. Of course, the house

Buyers are protected on three levels:

should still have to be built or be in the con-

— Firstly, there's financial protection. As

struction phase.

a real estate developer, we have to provide a completion bond. This means that we ask

Secondly, the building must be used as a

the bank to provide security to guarantee the

dwelling. Office buildings or commercial prop-

completion of the house. If the real estate

erties are not covered by this act. Finally, the

developer cannot perform the contract, the

buyer must have made one or more payments

buyer may invoke the guarantee. That money

during the construction process.”

can be used for another contractor to finish the house.

— Does ION often work this way?

— There are also some risks and liability on

“Nearly always. It would be rare for us to be

the seller’s part. The real estate developer

selling a building that has already been fully

will be liable for ten years if there are serious

constructed. We have also noticed that for

defects related to the building’s stability. This

most people today, it no longer matters

means that you will be obliged to carry out the

whether the apartment has already been built

repair works.

or not. Moreover, ION is doing everything to

— Thirdly, there is a significant duty of dis-

keep its buyers well-informed. With every

closure on the seller’s part. The sales agree-

payment, we produce certificates of the works

ment must include a whole list of mandatory

performed and image material from the con-

documents, such as plans and specifications.

struction site. For those who want to, we can

This information should be very detailed so

also organize construction site visits. In this

that the buyer knows exactly what they are

way, we involve our customers in the construc-

buying.”

tion process as much as possible.”

•

Legal geniuses in the house All phases of development projects have their legal aspects. ION has an internal legal team to deal with this, which is an exception in the sector. Four lawyers and an assistant are each responsible for their own projects. This way of working has many advantages, says Hanne.

˼ TECHNOLOGY

ICONIC

High-end timber Archi 2000's design lets you experience the timber both indoors and outdoors. As it has no false ceilings, the techniques will be exposed. This contemporary building will add value to the street.

MON

TECO First timber-framed high-rise

— Sustainable construction process The construction process’ main advantage is that a timber-framed building has a shorter construction period with lower carbonemissions. It’s a bit like putting a Lego set together. This reduces the pressure on the environment because there is less nuisance and noise and a shorter construction period. High-rise buildings are usually completed in 24 months. ION is aiming for 17 months. The support from the local authorities has been remarkable. This project has received very few or no comments. Both the City of Brussels and the Brussels-Capital Region immediately appreciated the many advantages of this concept. The heart of the European district will soon have gained an iconic, progressive, and sustainable office project, which will benefit all stakeholders, from users to the city.

ION has developed a real first in Belgium.

minimizes the impact on the environment.

Together with its partner and investor

There are also benefits for the users and the

Leasinvest, it has realized Monteco: the first

environment.

•

timber-framed high-rise building in a prime location in the European district of Brussels.

— The new way of working

It is a truly unique project, but it’s more than

Investors and users have become more envi-

just a first. There is clearly a demand for this

ronmentally conscious. Recognized sustaina-

type of building in the market.

bility certificates are playing an increasingly critical role in the office market. Companies

The idea to develop a timber-framed build-

are looking for cost-efficiency as well as

ing resulted from a brainstorming session

comfort and quality of life for their staff.

by ION and Archi 2000’s architects. Timber-

Sustainability is a top priority in their quest.

framed buildings are certainly not new. This

For example, ION had a meeting with the

technique is used a lot in Scandinavia. As

embassy of a Scandinavian country. They

we still don’t have many specialized part-

thought it was a great idea: a timber-framed

ners and engineering firms, the construction

office building with clear heights above

costs are high. Nevertheless, it has been an

3 meters, carbon-neutrality, a real rooftop

exciting choice for various reasons. First of

terrace, and fewer than the permitted park-

all, it’s a sustainable solution. Such buildings

ing spaces. They found it groundbreaking.

have a lifespan of roughly 25 years. That’s

This is a building for the new way of working.

enough time to grow the trees that need to be chopped down for its construction. This

'The building has been designed for the new way of working.

˼ #AC TION

ICONIC

5 years of carbon-neutrality In 2015, ION was Belgium’s first real estate developer with carbon-neutral certification. This means that it’s now celebrating five successive years of climate-neutrality.

Sustainability is in our DNA

We were already pioneers, but we keep think-

What remains, we compensate by support-

ing and building sustainably every day, and

ing sustainable climate projects in Uganda.

we are proud of that. ION is now celebrating

In this way, we will be celebrating our fifth

its fifth successive year of carbon-neutrality.

successive year of climate-neutrality in 2020.

Let's start the future today! — Saving Trees in Uganda! First mover in the sector! In 2019, Waregem

93% of the African population is still cooking

Business Park or the ION headquarters was

on wood fires. This is unhealthy, dangerous,

Belgium’s first carbon-neutral construction

and a threat to the forests.

project. ION is working on sustainable solutions in col1.1 hectares of land along Waregem’s freeway.

laboration with CO2logic. We are investing in

A modern and sustainable business park with

small kilns that require 50% less wood, which

five different office buildings.

means fewer emissions and less wood to cut. A double advantage for the climate.

We heat our offices with climate-control ceilings, in-floor convector heaters, and 150 heat pumps at 80 meters’ depth. In this way, we make the best possible use of the earth’s crust for heating and cooling. ION reduces its carbonemissions as much as possible.

•

'We have been supporting projects that protect the climate in the long term for five years. Our only goal is a green and sustainable future!

Our sustainability efforts here mean that in Uganda,

tons of coal were saved

Per year

One cookstove reduces

tons fewer carbon emissions

ton CO2 every year

220

50% less wood was burned

Families can save

100

dollars a year

˼ UNDER CONSTRUC TION

ICONIC

A royal history At the Panquin site, there is a horseshoe complex that was built by Karel van Lorreinen in 1750. Today, it is being restored and converted into a hotel.

PRESTIGE QUALITY NATURE

Panquin: historic new living On the edge of the prestigious Tervuren Park, ION and PMV are developing a prestigious project. At Panquin, we are combining the renovation and restoration of a historic site with architecturally new construction. Keeping the surroundings in mind, we are making a new connection between the village and the park. In this way, Panquin can return a vital part of Tervuren to its residents. The vast area around Panquin has been an impressive location since the Middle Ages. It was first used by the Dukes of Brabant for hunting grounds and later expanded with a castle, extensive gardens, and an orangery. As a showpiece, Karel van Lorreinen built an impressive horseshoe-shaped complex with a coach house and stables. This horseshoe complex is now being restored and converted into a Martin’s Hotel with a wellness center.

˼ UNDER CONSTRUC TION

ICONIC

Panquin Panquin is a prestigious residential project between the downtown area and Tervuren Park. There will be four luxury residential units in the middle of the greenery.

Next to the hotel, we will build Plein, Park,

Zoniën forest is also close by, and all that just

Toren, and Poort. These four new-build

fifteen minutes away from our capital.

residential units each come with their own assets, from luxury apartments with a view

And it’s not only the area around Panquin

of greenery to the most exclusive pent-

that is green. The site is fully equipped

houses. New parks and a pond will be laid

for sustainability thanks to an innovative

out to allow Panquin to blend seamlessly into

heating and cooling network. The energy is

the existing environment. The project was

generated by geothermal heat pumps. They

extract heat from the earth in the winter and

and abroad. The reputable firm C+S from Italy

can cool efficiently in the summer. Thanks to

was responsible for the concept design, which

this system, the apartments produce up to

was further developed with the local know-

80% fewer carbon emissions.

how of DE Architecten, A33 Architecten, Koplamp Architecten, and the landscape

•

designers of Omgeving. — Idyllic green near Brussels Tervuren is one of the most beautiful municipalities in the Groene Gordel (Green Belt). Tervuren Park, including the Africa Museum, is bursting with history. The tranquility of

Thanks to the dynamic facades with internal terraces, the new buildings stand out visibly from the unchanging architecture of the historical heritage.

'The impressive Hoefijzerplein forms a new connection between Tervuren Park and the downtown area.

PRESTIGE QUALITY NATURE

˼ THE RESIDENTS

ICONIC

Bustling Kortrijk Kortrijk is a changing city. And a city that is embracing the future. That's why ION has located “De Wijngaard” there. This unique urban project allows you to walk between home and work.

Bon vivants enjoying retirement Willy Bauwens has never regretted his

— A green oasis in a

decision to move to a smaller home. Two

bustling neighborhood

years ago, he and his wife Marijke decided

“We used to have a lovely, large garden.

to swap their townhouse in Kortrijk for an

Unfortunately, we could no longer maintain

apartment. They choose “De Wijngaard,”

it properly, and we were sad to see it dete-

a unique urban project by ION. “We didn’t

riorate. Our new apartment has views of the

need long to decide. The benefits of this

beautiful, large garden of ‘De Wijngaard’. And

project immediately appealed to us,”

we don't have to maintain it. We can simply

says Willy.

enjoy it.” “We especially enjoy being out on our terrace. When night falls, we can have another drink and enjoy the view. For us, all that greenery is really the most fantastic asset! But it’s not the only one. It’s tranquil here, too. We can enjoy our home in peace and quiet.” “Our apartment is right in downtown Kortrijk. We live just a few minutes from the railway station and are very close to Grote Markt. We go into Kortrijk several times a week. We

'Moving home is exciting. You don't know if things will click with your new neighbors.

˼ THE RESIDENTS

ICONIC

Social diversity Assisted living assisted living apartments, regular apartments, and social housing. The neighborhood around “De Wijngaard” is quite diverse. The different groups can get to know each other in the bar of the urban project.

have a coffee at the market or go out for din-

“So now we volunteer one day a week to work

ner. We also enjoy cycling and walking. There

behind the bar on the estate. It’s also a great

are many beautiful cycling and walking routes

way to get to know new people. There are

in and around Kortrijk. We’ve already discov-

about eight of us volunteers. The residents

ered quite a few of them.”

of the assisted living apartments are always delighted to see us. The bar is a perfect place

“Still, our favorite tourist spot is the coast.

to take a little break.”

We occasionally go down to the sea to soak up the fresh air and eat fresh mussels. My wife, Marijke, and I are still bon vivants. That doesn't stop when you get a little older.” — The local place for networking “I used to work as a press photographer. I sometimes do miss my job. Press photography is a very social profession, and you’re Willy Bauwens and his wife Marijke have lived in their apartment in De Wijngaard in Kortrijk for two years. He used to work as a press photographer for De Krant van West-Vlaanderen. Now he's enjoying his life in retirement.

always meeting new people. When you're retired, that’s not so easy. Moving home is exciting too. You don't know if things will click with your new neighbors. Fortunately, most of the ‘De Wijngaard’ residents are very social people.” “We have made some great contacts in the past few years. We meet once in a while to have a chat, drink a beer, or play cards. That open, relaxed atmosphere among the residents makes this place even more enjoyable.” “When we retired, Marijke and I decided to do some volunteer work. We have a lot of free time now and wanted to spend it in a meaningful way. A woman heard us talking about our plans on a terrace in Kortrijk. She told us that they were still looking for some extra helping hands in ‘De Wijngaard.’ Quite a coincidence!"

•

SPOT LIGHT

Living, working and having a good time in the heart of Kortrijk DE W IJNG A A R D B R INGS T O GE T HER DIF F ER EN T GENER AT IONS

˼ DE WIJNGA ARD

Kortrijk is growing. And blossoming. With all the new shops, green areas, and homes, De Wijngaard fits in perfectly. The project has combined the art deco facades’ authentic beauty with the new apartments’ innovative architecture.

ICONIC

SOME FIGURES MIXED URBAN DEVELOPMENT + 10,500 M 2 5 BUILDINGS 50 SPACIOUS APARTMENTS 55 ASSISTED LIVING APARTMENTS 1,500 M 2 OFFICE SPACE 1 CENTRAL GREEN ZONE WITH TERRACES 3 PASSAGEWAYS TO THE BUSTLING DOWNTOWN AREA

INVESTMENT VALUE + EUR 25 MILLION

˼ DE WIJNGA ARD

ICONIC

Everything within walking distance De Wijngaard is located right in the downtown area of Kortrijk. Three open passageways will take you to the mall, train station, and lovely markets.

'The unique mix of architecture and housing forms brings different social groups together. — Kristof Vanfleteren, CEO & co-founder ION

˼ DE WIJNGA ARD

ICONIC

All of De Wijngaard’s apartments have been finished with modern, high-grade materials.

˼ DE WIJNGA ARD

'A lot of singles meet here for social contacts. Having such a large group of people close to each other is great for integration. — Eline Catteeuw, Residential Assistant at Sint-Vincentius Residential Care Center

ICONIC

The site makes going for a walk appealing. The open passageways lead to a pleasant courtyard.

˼ DE WIJNGA ARD

The right choice A contest was organized for this ambitious PPP project. ION and real estate developer Alides were chosen as suitable partners.

ICONIC

The green zone with a central courtyard forms the heart of the project.

˼ DE WIJNGA ARD

ICONIC

Everyone satisfied De Wijngaard’s residents are happy. A survey shows that they feel at home there. Both in their familiar surroundings, as well as in the bustling downtown area.

De Wijngaard has five buildings and as many styles. A visual nod to the city’s vitality.

˼ DE WIJNGA ARD

ICONIC

Building at lightning speed Despite the project’s considerable size, its construction period was exceptionally short. In barely two years, De Wijngaard opened its doors to the public.

'The fact that there has been so much interest in the project shows that quality always sells itself. — Wout Maddens, alderman responsible for construction in Kortrijk

Iconic, the fifth edition December 2020

CONTACT info@ion.be www.ion.be

EDITING AND DESIGN d-artagnan

ION Vredestraat 53 8790 Waregem, Belgium

This magazine is a publication of ION Vredestraat 53, 8790 Waregem, Belgium V.U. Davy Demuynck

develop different

Iconic magazine EN #thefifthedition

Articles inside

Under Construction Panquin

The Resident Willy enjoys his retirement at De Wijngaard

actION 5 years of carbon-neutrality

Technology Monteco: a first for ION in Brussels

Trends Upgrading our railway station neighborhoods

Architectural gems Changjiang Museum + Cuadra San Cristóbal

In conversation What is the impact of COVID-19 on real estate?

Finance AMAVI Capital believes in the growth of real estate technology

Speakers Corner Head of Legal Hanne on the Breyne Act

Introduction

State of the art Gallery owner Xavier Hufkens

Cities Ghent