NEW YORK, NY / AGILITYPR.NEWS / March 31, 2025 / Endeavor Advisory Group Advises Ghelamco Group on €112 Million Refinancing of "The Wings" Sustainable Landmark

Innovative Brussels-area development sets new benchmark for green building finance

Endeavor Advisory Group, a global investment banking firm, announced this week that it served as the exclusive financial advisor to Ghelamco Group, a leading European real estate investor and developer, on the successful €112 million refinancing of The Wings, a mixed-use commercial property located near Brussels Airport in Belgium.

The facility, closed earlier this year, provides long-term refinancing for The Wings—a next-generation “sustainable masterpiece” opened in early 2024. With 50,000m² of office space, a hotel wing, dining venues, and fitness amenities, The Wings is the first building in Belgium to generate its own geothermal energy and operate without fossil fuels. It holds BREEAM ‘Excellent,’ WELL ‘Gold,’ and DGNB ‘Gold’ certifications—three of the most prestigious global standards for sustainable and healthy building design.

“This refinancing represents more than a financial milestone—it underscores Ghelamco’s vision and long-term commitment to sustainability,” said David Khalilzad, Chairman & CEO of Endeavor Advisory Group. “Endeavor Advisory Group is proud to have supported this landmark transaction that helps redefine what responsible, forward-thinking real estate development looks like in Europe.”

This transaction reflects growing institutional demand for energy-efficient and environmentally responsible real estate assets across international markets. The Wings’ net-zero design and use of renewable, self-generated power place it at the forefront of sustainable infrastructure development.

“Our focus at Endeavor is to align capital with companies and projects that are transforming industries,” Khalilzad added. “Advising Ghelamco on this €112 million facility fits squarely within our mission to facilitate long-term growth and sustainability in global markets.”

Endeavor continues to build a strong track record of advising global clients on capital markets and strategic transactions that blend innovation with impact. The firm’s support of The Wings underscores its commitment to long-term partnerships that fuel industry-leading growth and environmental progress.