Convinced both by the economic potential and the sentimental appeal
of this former pearl of industry in Wallonia, SPECI set up the
Cristal Park project on the magnificent Val Saint Lambert site, and
has laid the foundations for a prestigious program capable of relaunching
activities in the Meuse valley.
SPECI is supervising the monitoring of property issues, building
renovations and, designing the “master plan” for the site development
and the preliminary surveys. It has also acquired holdings in
all the companies trading on the site and is the sole operator for the
development.
The aim of the Cristal Park project, which began in 2004, is to restore the Val Saint Lambert site to its former stature. The Chateau and the Abbey, which were abandoned for more than 50 years, will become the mainstays of a site with a strong sense of history; they will stand guard in a 110 hectare park, whose innovative and dynamic development will give a new boost to the town of Seraing and neighbouring communities. Cristal Park is planned around a retail village, which will focus on household and leisure goods (60,000 m2 GLA), and a leisure centre with indoor ski-slope, a water park, restaurants, cafés and outdoor leisure activities (26,000 m2). There will be 4 residential developments (16, 24, 39 and 50 building plots), a Business Park of 12 office buildings (30,000 m2), a 120-room ***hotel and the new crystal glassworks.
Renovation of the historically important buildings (Château du Val
Saint Lambert, Abbaye du Val Saint Lambert, etc.), which has already
begun, is being handled by Immoval. This public-private partnership
(PPP) brings together SPECI, the town of Seraing, the Région Wallonne
and the Province of Liège.
The Cristal Park real estate development is being carried out by the
Val Saint Lambert Développement company, a private entity comprised
of SPECI, Deximmo (real estate subsidiary of Dexia) and BPI
(real estate subsidiary of the CFE group).
The purpose of Cristal Park is to ensure the promotion of the retail village
and the leisure centre, and to sell the land with planning permission
for residential developments, the business park, the hotel and
industrial developments.
Once Cristal Park is completed, the company Valinvest, of which
SPECI is major shareholder, will carry out the overall management
of the site.
6 MAIN AREAS: |
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Retail |
Leisure |
Residential |
Business park |
Hotel |
Industry (crystal glassworks) |
