Cookie Use Notification

This site uses cookies to provide you with a more responsive and personalised service.

By using this site you agree to our use of cookies as set out in our cookie notice. Please read our cookie notice for more information on the cookies we use and how to delete or block the use of cookies.

Property Times - Belgium Industrial Q3 2016

The full report

  • 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.