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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

Iconic Glaverbel changes hands
One of Brussels’ most iconic buildings – and arguably the most recognisable from the air – has changed hands. Advised by CBRE, the Glaverbel’ building has been sold by UBS. The acquiring party is Buysse & Partners, an investment group active in Europe and Latin America. UBS Asset Management's Real Estate & Private Markets business actively manages ...
| 25-03-20

The Loop, still the place to be for office buildings development in Ghent
In 2019, the Ghent office market was characterised by a very low vacancy rate (3.5 %). Real estate advisor JLL considers this to be a bubbling market. In 2017 for the first time, take-up of over 50,000 m² was recorded in Ghent. This positive trend continued through 2018 and 2019 with take-up of over 55,000 m². JLL believes that ...
| 25-03-20

CityZen to be one of the new flagship buildings of downtown Brussels
The Centre Monnaie will have a new look in 2024, redesigned by a grouping of Belgian and Norwegian architects. The building will undergo a total renovation to transform it into a mixed–use complex with housings, offices and a hotel complex. The transformation of the exterior architecture will change the current closed character of the building and enable it to ...
| 24-03-20

How real estate can survive the crisis
It is not the intention of PRO-REALESTATE to report on coronavirus, but a piece of research about the likely effect of the crisis on the real estate industry worldwide, carried out by advisor JLL, is of interest to all of the market.
JLL says that the she short-term impacts of the virus on economic growth, business activity and individual behaviour ...
| 23-03-20

Investcorp buys Coca Cola HQ
Investcorp has announced that it has made its first move in Belgium by acquiring The Bridge, a single let office and Research & Development (R&D) asset located in Brussels. Investcorp has acquired 100% of the property from a wholly-owned subsidiary of Coca Cola for €88m through a sale and 10-year leaseback transaction. Coca-Cola’s Belgian headquarters are located in ...
| 19-03-20

Victor tower should finally see light of day near the Gare du Midi
After more than 10 years of negotiations, the Victor tower should finally see the light of day near the Gare du Midi in Brussels. It will be built in accordance with the master plan for the ‘Gare habitante’ developed by French architect and urban planner Djamel Klouche. citydev.brussels has just allocated the development contract for 102 subsidized housing ...
| 18-03-20

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