The transfer of ownership is scheduled for 2025 and will transform the industrial site into a sustainable urban district.

Solvay and Revive, a specialist in sustainable redevelopment projects, have announced the signing of an exclusive purchase option for the Neder-Over-Heembeek site. This collaboration marks a significant step in the redevelopment of this iconic site. After a due diligence period, Revive will have the option to exercise the purchase agreement. If all conditions are met, the ownership transfer is expected to be finalized in 2025.

This agreement follows Solvay’s decision in March 2024 to sell the site and adapt it to its new activities. Solvay will retain its headquarters on the site and become a tenant in a modernized building with office spaces and laboratories tailored to the company’s specific needs.

The agreement reflects both partners’ commitment to promoting sustainable solutions while maintaining the industrial and innovative activities of the site.

About Solvay

Solvay is a chemical company with a legacy rooted in the groundbreaking innovation of its founder, Ernest Solvay, who in 1863 invented a new process for making sodium carbonate. Today, Solvay produces essential products globally with a team of over 9,000 employees.

Since 1863, Solvay has harnessed the power of chemistry to create innovative, sustainable solutions that address our most essential needs, such as purifying the air we breathe and the water we drink, preserving food supplies, protecting health and well-being, producing eco-friendly clothing, making car tires more sustainable, and cleaning and safeguarding homes.

Solvay is committed to sustainability and a just transition, aiming to achieve carbon neutrality by 2050. As a leading company with a net profit of €4.9 billion in 2023, Solvay is listed on Euronext Brussels and Paris (SOLB). For more information, visit solvay.com and LinkedIn.

About Revive

Revive is a European specialist in urban renewal and brownfield development. The company regenerates underutilized assets into vibrant neighborhoods, focusing on new ways of living and working.

All Revive locations are climate-neutral in operation, and the construction process is designed to minimize its climate impact. In addition, Revive invests in increasing biodiversity and infrastructure to enhance the physical and mental well-being of the location’s users.

Recognized for its sustainable and transparent approach, Revive became the world’s first developer to receive the B-Corp label in 2012.