Iconic future-proof office building underway in Luxembourg
There is news of another major office building being constructed in Luxembourg. Besix RED, which is responsible for the new Ferrero headquarters building, has announced that construction of its new office project ‘Icône’, in Belval, has just started. And this is a building which believes in the established trend of collaborative working, rather than in social distancing. Designed ...
Maritime Station inaugurated
The latest evolution in the very long project to turn Tour & Taxis into a complete city district took place this week. The fourth of the major historical buildings to be renovated, the Maritime Station (following the Royal Warehouse, the Sheds and the Hôtel de la Poste) was finally inaugurated.
The building itself is extremely impressive through its size – ...
Impact of Covid on Cofinimmo’s 30 million Euro annual rental income from AB InBev
Cofinimmo generates yearly rental income of 30 million Euros from AB InBev from around 1,000 cafés and restaurants in Belgium and the Netherlands. This represents 11.6 percent of all its rental income. In 2007, Cofinimmo paid 357 million Euros for the 90 percent acquisition of 1,068 ABN in InBev’s catering establishments, of which 823 in Belgium. It was a ...
A scientific committee to assist in the access to housing policy in Brussels
The COVID-19 crisis which led to the lockdown in Brussels has highlighted the social duality which characterises the Brussels Capital Region in the domain of housing. Rudi Vervoort – Brussels Region Minister-President – intends to put the focus back on the challenges of access to housing based on controlled urban densification with the maintenance of green areas.
A scientific committee ...
Investor appetite for residential still growing
Over the past few years, the residential real estate market has made its way into the mainstream, as an asset class in its own right. This has occurred to the point that the major players in the industry are now becoming increasingly involved in a domain which, previously, was reserved for specialist residential players.
One of the companies now paying ...
Belgian players increase foreign care centre portfolios
As part of our occasional look at what some of our major real estate players are doing outside of Belgium, we report on transactions by AG Real Estate and Aedifica in the ‘care centre’ segment.
Firstly, AG Real Estate has announced that along with Luxembourg life insurance company Cardif Lux Vie, it has acquired a care home in Germany. ...
Retail transformation to accelerate after the crisis
There has been a great deal of speculation about what retailing is going to look like once when we return to ‘normal’. Long queues of people outside shops with the recommended two metres of distance between them, has now become part of our lives. But will there be a structural change to the industry? A number of those most ...
Property managers take centre stage
The task of managing a property is usually outsourced by building owners with rent-paying tenants to specialist companies (often departments of the major brokers), but it is nevertheless a role which is generally considered to be slightly to one side of the ‘mainstream’ real estate business. Coronavirus has changed this perception, however, and this aspect of the overall business, ...