Strategic vision.


The diversification of Noshaq was undertaken with the desire to expand the sectors and areas of intervention. Noshaq has therefore established a real eco-diversity policy to be even more at the service of the Liege economy and its growth.

The Noshaq Group wishes to be the driving force behind the implementation of the necessary tools to make the Liege region a biotope organised for the growth of companies.

In this way, Noshaq is involved in the development of various socio-economic structuring ecosystems.

1. Biotech

For several years now, life sciences have made a very significant contribution to the economic redeployment of the Liege region.

This sector represents almost 2,000 jobs and creates around one hundred new direct jobs every year.
Noshaq and its main partners (ULiège, CHU) aim, through B2H, to define a strong strategy for the biotech sector by accelerating the deal-flow of endogenous companies and increasing the exogenous deal-flow.

The strategy is based on a four-pillar approach:

2. Digital


LeanSquare is an investment fund with the objective of investing in venture capital in start-ups of the new economy, with real growth potential and/or a role model.

LeanSquare is a general fund that develops several priority sectors (media/music, e-logistics, e-health etc.). In a few figures, LeanSquare is:


40 M €

raised including €10m from the Noshaq Group


start-ups invested in since 2014

+ de 40

start-ups in its portfolio at present (Belgium, France, UK, US and Germany)

3. Industry 4.0

Industrie 4.0

Smart Industry Booster (SIB) makes it possible to build, finance and implement an investment plan based on the controlled budget master plan.

SIB contributes to the creation of a deal flow of investment opportunities in digital transformation for the efficiency of the industrial environment.

SIB contributes to structuring and developing the 4.0 ecosystem and, in particular, that of the companies participating in Noshaq.

SIB is part of Noshaq Group’s 2020 strategy as a pro-active partner for SMEs and co-creator of new structuring or strategic projects.

4. Real estate and redevelopment

Noshaq Immo is the real estate subsidiary of the Noshaq Group.
It was created in 1986 and its present capital is €35m.

Noshaq Immo is the Noshaq Group’s transversal tool for real estate transactions, real estate development projects, investments etc. of the group.

Noshaq is also the tool that allows the development of structuring or strategic projects such as le GIGA, le GIGA Bois, Liege Airport Business Park, Accessia Pharma, Val Saint Lambert Office Park, etc.


The ambition of Noshaq Immo is to drive forward Noshaq Group’s real estate policies (new acquisitions, new projects etc.) and to position itself as one of the actors facilitating the redevelopment of abandoned industrial sites.


  • institutions
  • funds
  • real estate operators
  • private investors
  • companies with projects

Redevelopment :

  • Pôle Image de Liège
  • Val Saint Lambert Office Park
  • Accessia Pharma

5. Quality agri-food

Liege sits on fertile land with a large number of quality producers in the agri-food sector.

Noshaq wants to highlight producers of the region, to promote local products with a real desire to support the sector. This is a way for us to promote their know-how and quality products “made in Liege”.

This is because we are particularly attentive to changing modes of consumption, to the development of short supply chains and also to modes of reasoned production.

This is what has driven Noshaq’s decision to make agri-food one of its 7 strategic sectors, and to support producers and artisans in their development projects and to structure a quality agri-food ecosystem.

As in the other priority sectors, the objective is to create a deal flow of investment opportunities in growth projects.

6. Cultural industry

With its partners in the world of culture and business, Noshaq is developing a project to create a cultural incubator. The objective of this project is to help entrepreneurs in the cultural field to find new models, to innovate and create by promoting the sharing of experiences and knowledge within a cultural incubator.

Designed as a collaborative platform, the cultural incubator will focus on all artistic forms and disciplines: theatre, visual arts, dance, music, film, video, gaming, and also digital and urban arts.

The guideline of this project will be hybridisation and decompartmentalisation, thereby combining culture and technology by seeking industrial partners to act with cultural actors. The project will target projects with potential in which public and private funding structures can effectively invest, once these projects reach maturity.

Thus the project aims to develop an ecosystem that will position itself as a complement to the existing network of incubators and accelerators, to enable Wallonia to attract new talent, creators and investors, and to extend its influence abroad.

7. Energy and sustainable development

Conscious of the challenges of energy and sustainable development, the Noshaq Board of Directors has included these two sectors in its strategic plan in order to develop an ecosystem logic.

Noshaq aspires to support industrial projects that will make it possible to develop solutions that address the major ecological and climatic challenges facing us today.

Creative district


Whether it’s the new businesses moving in, the flourishing architectural renovation and the increasing associative activities, Noshaq is convinced that this neighbourhood has become a truly creative district, an inspiring place with high potential. This is why we are developing several large real estate projects there.

Noshaq HQ

S'y rendre

La Madeleine 4.0

S'y rendre

Le Fiacre

S'y rendre

La Grand Poste

S'y rendre

Ce site internet n'est pas optimisé pour votre navigateur.