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Banimmo halves losses and concentrates on Belgium
Banimmo has just published its annual results for the year 2019. Last year, there was a radical restructuring and many buildings went out of the door. Globally, the occupancy rate of the real estate portfolio improved slightly from 87 to 91.5 percent. In 2019 Banimmo withdrew from France. The real estate developer can now fully focus on its activities in Belgium. The ...
| 09-03-20

We are Real Estate becomes collateral victim of Coronavirus
The organisers of We Are Real Estate, The Fair Experts, have announced that this year’s show, due to be held at Brussels Expo on May 27 and 28, has been cancelled. This is not directly because of the Coronavirus outbreak and any restrictions on gatherings, but for a pragmatic business reason. In a communiqué, the organisers (led by former Realty ...
| 09-03-20

Charleroi stadium architects announced
The decision to build a new stadium for Charleroi football club (RCSC) was taken last year, but the club has now given more details of the project, which is scheduled to be operational for 2024 and is to be located in Marchienne-au-Pont. In a communiqué, the football club says: ‘Following several months of brainstorming, a document summarising the project as ...
| 06-03-20

Semi-industrial market rises
Having reported on the state of the office and logistics markets (data from JLL) and the retail outlook (Cushman & Wakefield), for the last of this series we turn to the semi-industrial picture – again using JLL data.

With a total transaction volume of close to 1.2 million m², in 2019 the semi-industrial market performed 5% above ...
| 04-03-20

Ambitious conversion of the historic former Piedboeuf industrial brewery in Liège
The former Inbev industrial brewery buildings at Jupille (Liège) have now had their new destiny decided upon. The complex has been bought by the Promactif group of Christophe Nihon, and will be converted into a mixed use development to include residential accommodation, offices and shops. As part of the conversion, however, the familiar 60 metre chimney will be conserved. ...
| 03-03-20

Mipim postponed until June
It was totally inevitable that Mipim would not be able to take place in Cannes next week as scheduled. But organisers Reed Midem have created something of a surprise by announcing yesterday that the fair is not cancelled, but postponed until June. The vast real estate show – by far the most important in the world – thus becomes ...
| 02-03-20

Atenor and Codic doing well in major real estate development in Hungary
As part of our occasional series on the activities of Belgian developers in other countries, we highlight major projects in Hungary, one by Atenor and one by Codic.
Váci Greens, firstly is a Hungarian development by ATENOR in Budapest, and one of the largest office developments in the country. Atenor has been developing and selling this complex ...
| 28-02-20

Another good year in prospect for the Belgian real estate market
Following a record year for real estate in 2019, advisor CBRE has been looking at what to expect during this year. In a first report, we detail what they believe will happen in the investment and office markets.
Starting with investment, CBRE says that commercial real estate investment in Belgium approached €5 billion in 2019, with 2020 looking to be ...
| 27-02-20

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