Real estate: Villa Belgica set for modern makeover, announces UBS Monaco

The historic UBS Monaco headquarters, Villa Belgica, is about to undergo a major redesign, combining its Belle Époque heritage with bold modern architecture.

UBS Monaco announced to the press on 23rd July that the company is set to redefine its presence in Monaco by transforming its iconic headquarters, Villa Belgica, on Avenue de Grande Bretagne. 

The project was presented by Alejandro Velez, Country Head of UBS Monaco, Karl Waelchli, COO and Head of Transformation UBS Europe South-West, and Ernesto de Marzio, Head of Front at UBS Monaco.

The design by renowned Architect Jean Nouvel preserves the building’s Belle Époque heritage while introducing modern architectural elements and sustainable practices.

Alejandro Velez noted that the renovation is part of a strategic effort to enhance the firm’s capabilities and client services. “Our new headquarters will reflect UBS’s international stature and our commitment to providing the highest standards of private banking,” said Velez. 

Photo source: DPUM Archives

Since 1998, Villa Belgica has been the central hub for UBS Monaco. Initially built in the 1920s and later modified in the 1930s and 1950s, the villa’s distinctive corner dome and architectural features have made it a landmark in Monaco. The current project, managed by the Michel Pastor Group, aims to expand and modernise the building, increasing its surface area to 1,636 square meters.

The first few floors will be dedicated to client reception and meeting areas, including informal lounges. 

The next floors will house executive offices and collaborative workspaces. UBS says these workspaces will be tailored to foster innovation and teamwork among its staff and will include state-of-the-art workstations, meeting rooms for team collaborations, and quiet zones for focused work. 

The Villa Belgica redesign project, image credit: Ateliers Jean Nouvel

The top floors (9th, 10th, 11th) are a new addition that introduces a unique concept of dining and living spaces. This area will be reserved for high-profile client engagements and exclusive events. It will feature a fine dining restaurant with panoramic views of Monaco, private dining rooms for intimate gatherings, and luxurious living areas designed for relaxation and informal meetings. 

Ernesto de Marzio told Monaco Life, “We are very honoured to have this new building in Monaco. The idea is to create a space where we can interact differently with our clients. We want to ensure they have a different experience at UBS.”

Photo left to right: Karl Waelchli, Alejandro Velez and Ernesto de Marzio, by Monaco Life

Sustainability is a key consideration for UBS, which aims to achieve BREEAM Excellence and BD2M Gold certifications. These certifications ensure high standards in energy efficiency, resource management, and occupant well-being. 

As Velez told Monaco Life, “I am very proud of this project. When I came to the Principality three and a half years ago, we had just chosen the project, so I feel like I’ve been part of it from the beginning… I hope it brings joy to our employees, our clients, and the Principality.” 

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Main photo source: UBS Monaco, credit: Ateliers Jean Nouvel