The Municipality plans to relocate the temporary hosting refugee premises and create an environment that will support innovative business activities.

Piraeus Bank is the requesting entity and the asset's starting price was set at € 5.28 million.

Tourist establishments will be forced to change.

The total amount offered for the acquisition of the property was €2,351,000.

The building ensemble of "The Stéphanie’s" is centrally located at a renowned address in the central business district of Brussels.

The project comprises an office tower with approximately 19,000sqm of Gross Building Area.

The winners will be announced at the MIPIM Awards Ceremony on Thursday 17 March.

The harsh measures against the spread of the COVID19 pandemic had had a severe impact in the market.