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Immobel takes stake in Multi Tower
We reported earlier this year on the decision of WeWork not to take up the space it had scheduled in the Multi Tower (former Philips building) at the Place de Brouckère in the centre of Brussels. This setback has not put off real estate developer Immobel, which has just announced that it has taken a 50% stake ...
| 01-04-20


Controversy over partial return to work in the construction sector
The construction sector occupies a prominent position in the Belgian economy representing, after Services and Trade, the third sector of the country in terms of jobs (280,000 workers). The annual added value generated by this sector represents 5.2% of national GDP, with turnover approaching 70 billion Euros over recent years.

Some directors of real estate companies are pleading now ...
| 01-04-20



Smartphone-operated security for buildings
The move towards smart buildings has seen another concrete example. Although this is not in Belgium, but in the state of Estonia, the principles are the same and are likely to be seen in our market too. An office building in Tallinn has been transformed by Ninja Solutions into contactless mode. The doors and elevators are accessed via smartphone, ...
| 31-03-20


Codify best practices in ethics
The New York Institute Ethisphere has published for the 14th consecutive year the list of the World’s most ethical companies: 132 winning companies representing 51 countries and 21 business sectors. Several global players active in Belgium with in the real estate field are nominated and recognized for their ethical behavior as a means of improving the world while ...
| 31-03-20




'The Platinum' sold
The most recent of the large office buildings to be constructed on the Avenue Louise has changed hands. ‘The Platinum’, a rebuild of the former Bayer building, was completed around 15 years ago, and has been acquired (via the company which owned it – Valim sa) by Real IS. Real estate broker JLL advised sellers GLL RE Partners (the ...
| 30-03-20


Strong growth in the Belgian health care real estate market expected to continue
2019 was a top year for healthcare real estate in our country: almost 490 million Euros were invested in this specific market. Over the previous two years, the figure had been around the around 100 million Euros mark. Real estate advisor Cushman & Wakefield expects investments in this market to continue to rise. Assuming a need for 3,500 extra ...
| 28-03-20


Mipim 2020 now cancelled, but with a substitute
There has been another change in the arrangements for this year’s Mipim. Having seen the original fair in March postponed until early June, organisers Reed Midem have had to accept that even this date is likely to be too early for the coronavirus pandemic to have made travel and gatherings safe again, and have issued the following announcement to ...
| 27-03-20


Victor slowly on the move again
There is further movement in the infamous ‘Victor’ project at the Gare du Midi. Brussels development agency citydev has announced that following a call for tenders, it has allocated the contract to a partnership named Immoange, made up of the original instigator of Victor – Atenor – and BPI Real Estate. With architecture by 51N4E and Jaspers-Eyers Architects, this part ...
| 26-03-20




Solidarity or legal battle for the payment of the rent by shops which have been forced to close ?
The closure requirement for most shops has put tenants backs to the wall. Some are invoking ‘force majeure’ in order to be able to no longer pay their rent. Owners refer to the clauses of the lease contract. Are we moving towards relative solidarity in the face of this unprecedented situation or a standoff?
Interviewed by Philippe Coulée, Francoise ...
| 26-03-20





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