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Property Times - Belgium Industrial Q3 2016

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  • Semi-industrial take-up remains quite stable and amounts to 199,000 sq m following a particularly dynamic quarter in Wallonia. At current pace, it will be challenging to replicate the outstanding levels achieved in 2014 and 2015 but a strong 2016 can be still expected.
  • The job losses to stem from plants closing in Gosselies (Caterpillar) and Grimbergen (Douwe Egberts) highlight the need to support future-oriented SME creations which would prevent further mass redundancy-type scenarios and resulting impacts on unemployment.
  • Regarding logistics, another dynamic quarter has resulted in strong take-up totalling 241,000 sq m. As a result, with a current total of 751,000 sq m, 2016 is already the strongest year for logistics activity since the vintage 2011 (962,000 sq m).
  • The largest deals, which took place in Kempen, Mechelen-Willebroek, Liège and the Ardennes, are the result of expansions/consolidations as well as some encouraging net demand, including at Trilogiport.