Created by the Ordinance of 29 July 2015 of the Parliament of the Brussels-Capital Region, the Urban Development Corporation (SAU-MSI) formally succeeded the Land Acquisition Corporation (FAS-MVV) on 28 January 2016.
It is a company under public law whose majority shareholder is the Brussels-Capital Region.
The Urban Development Corporation is the public operator responsible for the operational implementation of development plans in the strategic areas defined by the government of the Brussels-Capital Region.
The SAU-MSI plays an operational role to ensure the concrete development of these areas, working on a project co-construction basis with the relevant private and public partners.
The SAU-MSI coordinates the public stakeholders concerned and the private partners involved, performing the tasks not specifically entrusted to any public operator (such as introducing utilities to sites or performing preliminary studies). The SAU-MSI carries out this role, where appropriate, by means of land and/or building ownership control in these priority development areas. In this context, The SAU-MSI owns more than 70 hectares of land in the Brussels-Capital Region.
Owner and ‘Media House’
The Urban Development Corporation (SAU-MSI) is itself the owner of land at the front of Boulevard Reyers, between the Diamant pre-metro station and the entrance to RTBF, just off the E40. This land will become the site of a major mediapark.brussels facility: the ‘Media House’.
The SAU-MSI liaises with perspective.brussels, the Brussels Planning Agency. Perspective.brussels is the public interest body responsible for statistics, socio-economic information and strategic and regulatory planning in the region, while the Urban Development Corporation (SAU-MSI) is responsible for implementing the strategic guidelines set by the regional government.