TINC invests in the innovative detention facility Hortus Conclusus in Antwerp (B)

TINC invests in the innovative detention facility Hortus Conclusus in Antwerp (B)

Antwerp September 2, 2024, 17:30 CET

TINC, the infrastructure investor listed on Euronext Brussels, joins the Hortus Conclusus consortium of construction companies Jan De Nul and EEG. This consortium is executing a public-private partnership following the DBFM (Design, Build, Finance, Maintain) model involving the design, construction, financing and maintenance of an innovative detention facility located in Antwerp (B). In return, the consortium will receive an availability fee from the Federale Overheidsdienst Justitie and the contracting authority Regie der Gebouwen. The 25-year project has a value of approximately € 200 million. TINC is committing an investment of about € 13 million.

Belgian Federal Government master plan

The construction of this new detention facility is part of the master plan of the Belgian federal government for detention and internment under humane conditions. The purpose of this plan is to encourage the successful reintegration of detainees. It focuses on the renovation, the expansion and the new construction of detention facilities in Belgium.

Hortus Conclusus project puts integration at the forefront

The detention facility is located in Antwerp on the former Petroleum-South industrial site, now known as "Blue Gate", and will replace the aging Begijnenstraat complex. The design includes a detention house for people awaiting trial and consists of separate housing units, facilitating community life between detainees and encouraging outdoor activities. The facility has a capacity for in total 440 detainees across three units: 330 men, 66 women and 44 people in the health or caretaking unit. The site covers about 7 hectares, more than half of which is designed as green space.

The new detention facility with a sustainable and forward-looking design is named "Hortus Conclusus". This literally means "enclosed courtyard garden", symbolizing a safe and green oasis that focuses on the successful reintegration of detainees.

Construction work started in November 2023, and it is expected to be operational in early 2026.

An investment commitment of € 13 million for TINC

TINC has committed to invest about € 13 million in this project for a 50% participation alongside the construction partners Jan de Nul and EEG. The actual funding of this investment commitment will occur in 2027, one year after commissioning.

"This project fits perfectly with the vision of TINC to invest in companies and projects that contribute to the infrastructure of tomorrow's world. Indeed, investing in detention facilities aimed at successful integration is an innovative approach that renders significant social, economic and ethical benefits. We share this vision with the public authority and our partners. We look forward to a smooth cooperation and an expedient commissioning of this much-needed new infrastructure." – Karoy Hornyák - Director Public infrastructure TINC

"With TINC joining the consortium, we bring on board a financial partner who invests in public infrastructure for the world of tomorrow. With this transaction we also continue an existing collaboration between Jan de Nul and TINC in respect of various projects." - Mathias Van de Vijver – Financial Manager Jan De Nul

“This is also a positive continuation for EEG in this long-term collaboration with Jan De Nul, Regie der Gebouwen and the Department of Justice. With the entry of TINC as a strong financial partner, we can further concentrate on our core business, unburdening our customers through the design, realization and maintenance of high-performance sustainable technical installations.” – Karl Neyrinck – Managing Director EEG NV

About TINC 

TINC is a listed investment company that seeks to create sustainable value by investing in the infrastructure for the world of tomorrow. TINC participates in companies that are active in the realization and operation of infrastructure and holds a diversified portfolio of participations in focus areas such as public infrastructure, energy infrastructure, digital infrastructure and selective real estate in Belgium, France, Ireland and the Netherlands.

For more information, please visit www.tincinvest.com.    

Contact

Manu Vandenbulcke, CEO TINC

T +32 3 290 21 73 - manu.vandenbulcke@tincinvest.com

Filip Audenaert, CFO TINC

T +32 3 290 21 73 - filip.audenaert@tincinvest.com

About Jan De Nul Group

Jan De Nul Group is a global family-owned company solving complex challenges of our modern society. Our talented people develop sustainable solutions that contribute to the energy transition and secure the future of the next generation.

Our expertise is based on five main activities: offshore energy, dredging and marine construction, civil construction, environmental activities and project development. We enable offshore energy production and keep waterways at depth. We build new ports and create additional land. We realize complex infrastructure works and erect any type of building. We combat pollution in any form. From design and engineering to execution and maintenance, we "unburden" our clients with total solutions that combine one, several or even all activities. - www.jandenul.com

Contact 

Heleen Schellinck, press contact

T +352 39 89 11 | +32 471 34 24 77 – press@jandenul.com

About EEG

EEG nv is the core of EEG Group, a technology group of ten companies and five competence centers, which is fully committed to innovation to offer integrated solutions for the most complex and advanced technologies with a view to the future. In doing so, the company focuses on technical installations, innovative technologies, energy management, climate control, plumbing, fire protection, operations management, telecom & ICT, medical gases and medical equipment. Thanks to its own internal study services, all EEC companies are able to carry out large-scale projects autonomously. Since 2005, Karl Neyrinck has been managing director of EEG and national chairman of Techlink and chairman of Embuild Flanders. EEG Group now has 850 colleagues, but is still a family business, with family owners. 

More information on www.eeg.be

Contact

Deborah Losfeld, Responsible marketing & communications EEG Group T +32 56 14 00 59 - +32 479 33 80 55 - deborah.losfeld@eeg.be