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Q4 2016 Marketbeat Belgium Investment Market

Cédric Van Meerbeeck

Partner

Phone +32 477 98 11 83

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The full report

More than €3.8bn were invested globally in the commercial real estate markets in Belgium in 2016. Despite posting a decrease compared to 2015, interest remains high and we expect a new increase of the invested volumes in 2017.
All the sectors witnessed strong activity. The retail sector recorded close to €1.2bn invested, the second best year ever in Belgium. In Q4, the acquisition of the Médiacité for
€250m is the biggest transaction of the year. The office sector represents close to 50% of the total volumes.

Significant transactions were observed every quarter and the acquisition of the Meander in Q4 acted as an example. Belgian investors were dominant in 2016, representing 56% of the total invested. In the office sector, their
preponderance is less important, though they represent 45% of the total. German investors were, as usual, quite active in Belgium throughout the year. Less typically, they took strategic positions in the retail segment, for example
with an acquisition in the Chaussée d’Ixelles by Triuva.

The low interest rates environment and the appetite of institutional investors push the yield downward. New marks were reached in every segment with a LT prime office yield at 3.65%. Further yield compressions are expected in
2017.