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  • Real Estate Market Reports

    Belgium Industrial Snapshot

     

    Industrial MarketBeat is a brief summary of the Industrial sector in key cities, providing comment on recent trends as well as market data and analysis of the impact on commercial real estate. Read more

  • Real Estate Market Reports

    Belgium Retail Snapshot

     

    Retail MarketBeat is a brief summary of the Retail sector in key cities, providing comment on recent trends as well as market data and analysis of the impact on commercial real estate. Read more

  • Real Estate Market Reports

    H1 2017 Retail Marketbeat

    The Belgian retail market is at cruising speed. With €1.950 EUR/sqm, Antwerp (Meir) is the most expensive retail location in Belgium. 
    Read more

  • Real Estate Market Reports

    Belgium Office Snapshot

     

    Office MarketBeat is a brief summary of the Office sector in key cities, providing comment on recent trends as well as market data and analysis of the impact on commercial real estate. Read more

  • Real Estate Market Reports

    Brussels Office market's main ratios in the green. But what next?

    THE FIRST HALF OF THE YEAR IS ALREADY BEHIND US. TIME FOR AN UPDATE ON THE BRUSSELS OFFICE MARKET’S MAIN RATIOS AND THE COMING TRENDS. Read more

  • Real Estate Market Reports

    The Future of European Retail Parks

    The retail sector is constantly evolving: new retailers, new trends, online shopping, ... are many factors that impact the development of retail and real estate in Belgium and the world. For this first retail e-news, we wanted to share our insights on the increasingly popular (booming) retail park phenomenon. Read more

  • Real Estate Market Reports

    Extensions to existing European shopping centres to drive development in 2017-18

    LONDON, 25 April, 2017: Extensions to established shopping centres will be a significant driver of new floorspace across Europe in the next two years, according to Cushman & Wakefield’s latest European Shopping Centre Development Report. Read more

  • Real Estate Market Reports

    belgium-the-atlas-summary-2017

    Global real estate investment volumes to hit USD1.39 trillion in 2017 Asia Pacific accounts for 44% of total global investment volume, followed by 34% in North America and 22% in EMEA Read more

  • Real Estate Market Reports

    Q4 2016 Marketbeat Belgium Investment Market

    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. Read more

  • Real Estate Market Reports

    Q4 2016 Marketbeat Flanders Office Market

    Take-up in regional markets during Q4 reached its highest level in more than five years and totalled 75,000 sqm with 62,000 sq m in Flemish markets. This strong quarter benefited from strong demand in Antwerp, four
    times more than Ghent which ranked second.

    The resulting regional markets take-up in 2016 was the best since 2012 with 242,000 sq m, including 196,000 sqm in Flemish markets. Indeed several markets in Flanders recorded either their best take-up in many
    years, or were within their average range at worst.

    Developers in most markets are cautious regarding the timing of new projects and will not build without committed tenants. This risks putting a certain strain on markets where Grade C buildings constitute the majority of take-up
    and availability and the few available Grade A buildings are being snapped up.

    The prime rent for Flanders markets in 2016 amounted to EUR 150/sq m/year and was found in Antwerp, Ghent and Mechelen. The overall prime rent is EUR 155/sq m/year and is located in Namur. Read more

  • Capital Market Reports

    Q4 2016 Marketbeat Wallonia Office Market

    Take-up in regional markets during Q4 reached its highest level in more than five years and totalled 75,000 sq m with 13,000 sq m in Walloon markets. This strong quarter benefited from respectable demand in all three
    Walloon markets.

    The resulting regional markets take-up in 2016 was the best since 2012 with 242,000 sq m, including 46,000 sq m in Walloon markets (Figure 1). Indeed apart from Namur Walloon markets recorded either their best take-up in
    many years, or were within their average range at worst.

    Developers in most markets are cautious regarding the timing of new projects and will not build without committed tenants. This risks putting a certain strain on markets where Grade C buildings constitute the majority of take-up
    and availability and the few available Grade A buildings are being snapped up.

    The prime rent for Walloon office markets was EUR 155/sq m/year, located in Namur. Additionally, this constitutes the overall prime level for regional office markets. Read more

  • Real Estate Market Reports

    Q4 2016 Marketbeat Brussels Office Market

    The Brussels office market ended 2016 on a positive note, with 454,000 sq m of take-up recorded, an increase of 50% compared to 2015.

    As the level of speculative developments remains relatively low and as the office reconversions continue (though at a more limited pace), the vacancy rate continues its slow and continuous decrease and reached 9.2% at the end of
    the year, its lowest level since 2007. The vacancy rate could start to increase as from 2017 as important relocation processes are in the pipeline.

    There are currently 70,000 sq m available in grade A buildings. As the speculative pipeline only amounts to 32,000 sq m for 2017, this level is expected to decrease in the coming months.
    No changes are to mention regarding the prime rental levels which remain at €275/sq m/year in the Leopold district. Slight adaptations have been made during 2016 depending one concerned districts. An increase of the prime rent is still expected in 2017.

    The average rents witnessed a slight increase during the year 2016 and stand around €160/sq m/year at the end of Q4, compared to €150/sq m/year at the end of 2015.

    Further slight increases are forecasted in 2017. Read more

  • Real Estate Market Reports

    Q4 2016 Marketbeat Belgium Retail

    • Take-up volumes were above average in Q4, bringing the yearly volume to a 10 year high of almost 400,000 sq m (Figure 1). Reduced margins and international bankruptcies have prompted some brands to leave themarket, but there have been enough newcomers replacing them; cosmetics brands are particularly active in highstreets with new brands like Kiko and NYX. The major event in Q4 was the opening of the 45,000 sq m DocksBruxsel shopping centre, which innovates through its inspiring architecture and excellent tenant mix: it is unique in Belgium because of the mix of retail, offices, parking, cinema, leisure and an events venue.
    • A total of €510m was transacted in the retail market in Q4, taking yearly volumes for 2016 to €1,179m. There is strong demand from local as well as international institutional investors; the sale of the Médiacité shoppingcentre in Liège to CBRE GI for some €250m was the largest transaction of the year. Belgian REITs like Retail Estates and Ascencio were also active this quarter. Private investors continue to show good appetite for all lot sizes across all retail segments: after Toison d’Or for €180m in Q3, GH Group acquired a large property on Meir Antwerp and two in Brussels uptown this quarter for some €84mn in total. Prime yields have hardened over the year in all retail segments.
    Read more

  • Real Estate Market Reports

    Belgium Economic Snapshot

     

    Economic MarketBeat is a brief summary of the economy in key cities, providing comment on recent trends as well as market data and analysis of the impact on commercial real estate. Read more

  • BE investment market-tumbnail

    Real Estate Market Reports

    Investment Market Update Belgium Q3 2016

    Economic recovery is expected to continue in the coming months in Belgium, though at a mitigated pace. GDP growth should continue at around 1.5% to 1.7% per year while job creation should remain positive despite restructuration processes announced recently. The low interest rates environment is forecasted to continue up to the end of 2017, keeping real estate investments attractive. Read more

  • PROPERTY TIMES. Belgium Retail Q3 2016

    Real Estate Market Reports

    Property Times Belgium Retail Q3 2016

    Investment activity was strong over the third quarter of 2016 with an investment volume of 320 MEUR; the total invested volume over the first three quarters of 2016 amounts close to 680 MEUR and we expect it to reach above the one billion EUR mark for the full year 2016. Read more

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