HOME      NEWS           AGENDA           LIBRARY           NETWORK           PROJECTS           NEWSLETTER           ABOUT US     

Demand in Pentagon to outstrip supply

A number of city centre office take-up transactions have led broker JLL to question whether supply in the city can respond to demand.

Where transactions are concerned, the Belgian National Bank has taken up some 6,200 m² in the former Petercam headquarters alongside the Saint Michel and Sainte Gudule cathedral. This follows 9,200 m² taken up by Brussels public transport company STIB in the former Belgolaise building on the Cantersteen, also during the second quarter of this year.

The ‘Pentagon’ zone of Brussels, JLL points out, achieved a historic high in terms of take-up last year, with some 140,000 m² finding new occupants, and five transactions of 10,000 m² or over, three of which were 30,000 m² or more. All buildings of 5,000 m² in the zone find new takers very rapidly.

Where the current situation is concerned, JLL points out that only four buildings of 5,000 m² or more which were constructed in the last 15 years remain available, for a total of only 28,000 m². These are the Alhambra building alongside Place De Brouckère, Boulevard du Régent 35 and 45 close to the Royal Park, and Rue des Ursulines 2, a little below the Sablon.

And in terms of future projects, the zone is set to see the arrival of the ‘Spectrum’ (16,000 m², Botanical Gardens area) and Rue de Brederode 2 (7,400 m², Porte de Namur/Sablon) buildings in 2018, followed by ‘Tweed’ (15,000 m², Rue aux Laines 70, Palais de Justice) in 2019 and the ‘De Brouckère’ building (40,000 m²) in 2020.

Finally, JLL says that there are still opportunities for renovation in the area, but as it is largely classified/protected, it will be difficult to find individual buildings with space to satisfy high surface area demand.










| 30/05/2017

share:    facebook  twitter 

News in short
Horizontal City goes on display at Bozar | 19/6
Prestige residential development on Avenue Louise | 14/6
Xavier Denis joins AG Real Estate | 13/6
Award for Tivoli | 11/6
Lunch with a fascinating architect | 5/6
Besix RED turns 30 | 1/6
Xavier Denis leaves Cofinimmo | 30/5
Atenor sells City Dox senior home | 29/5
Retirement homes market booming | 24/5
Pulse brings new life to Molenbeek | 22/5
Realty - out with the old... | 18/5
New look Realty smaller but attractive | 17/5
New SME park and retailing at Wavre South | 15/5
Docks Bruxsel changes hands | 14/5
Triomphe - turning workspace on its head | 7/5
Third edition of Exemplary Buildings | 4/5
Brussels faring well at European level | 2/5
Housing - the big picture | 25/4
Retail activity quarter one | 23/4
Club Med confirms co-working surge | 18/4
Larger companies targeted by citydev | 16/4
Flexible workspaces - a key corporate trend | 12/4
Hotel sector well on the way back up | 10/4
AXA buys Passport | 9/4
Botanic Tower changes hands | 5/4
Commission launches mega-project | 4/4
Realty heading for the seaside | 3/4
Office space evolving - CBRE | 26/3
Belfius Smart Belgium Awards: context and winners | 22/3
Antwerp looks to the future | 20/3
Manufacturing must be in the mix - citydev | 19/3
MediaPark in the spotlight at Mipim | 16/3
Mipim Awards for Antwerp and Brussels | 16/3
Charleroi in major regeneration | 14/3
Atenor emphasises 'political will and means' | 13/3
Forward-looking Mipim opens | 13/3
First quarter low on take-up, high on investment | 12/3
'The One' kicks off P.U.L. with a major letting | 9/3
SECO - focus on quality from new CEO | 8/3
Major residential conversion on Bld. de la Woluwe | 7/3


back