Primark property changes hands
There has been a major retail transaction in Brussels. Union Investment has acquired a commercial building in Brussels for special fund UII European. Along with a property in Madrid, these are the first two retail properties to be added to the fund.
The commercial building is located at Chaussee d’Ixelles 63 - 65 in the rapidly developing uptown ...
New world management skills
The way in which our work and our workplaces will be organized in the future has been the subject of much speculation since the start of the crisis. One major change to be envisaged has been the creation of the role of ‘Chief Places Officer’. Now, remote working and shared offices specialist Regus has identified another management skill ...
Dual blow for Flanders office market
Real estate advisor CBRE has produced a report showing the state of the Flanders office market at the end of the second quarter of 2020, and obviously in the wake of the onset of the Covid-19 crisis. Office take-up in Flemish markets at the end of the first half of the year, CBRE finds, was 80,000 m². This ...
Foreign healthcare attracts more Belgian investment
There is more news of activity by Belgian companies outside of the country. And these new transactions confirm the important place now occupied by healthcare and associated domains in the real estate industry.
Firstly, Cofinimmo has acquired the ‘Residentie Moermont’ healthcare complex in Bergen op Zoom in the Netherlands for 46 million Euros. Jean-Pierre Hanin, CEO of Cofinimmo, states: ...
Brussels offices: down but not out
Real estate broker JLL has succeeded in producing figures for the Brussels office market at the end of the second quarter of 2020, despite the difficulties in gathering totally comprehensive data during this exceptional period. And JLL acknowledges this: ‘Where prime real estate transactions have not occurred and evidence of actual market performance is absent, notional assessments have been ...
Val Benoît receives green light
A major residential scheme in Liège has taken a further step forward. The City of Liège has just given its approval to continue with the transformation of the former Mechanical Institute at Val Benoît. This will accommodate 232 residential unit destined for university and post-graduate students.
Investment fund SOGEPA, specializing in assisting Walloon firms in redeployment projects, is taking part ...
Pandemic reinforces short lease trend
A new report by real estate advisor JLL focuses on a trend which was becoming apparent before Covid-19, and is strengthening because of it. While the report does not specifically involve Belgium, it is wide-ranging and its conclusions are likely to apply to all major office markets.
The subject of this report is that office leases are getting shorter. In ...
Charleroi station district to be transformed
A certain amount of updated information has been given about the refurbishment of the area in front of Charleroi station. This will involve a zone eventually to become 100% pedestrian, along with the platforms, the bus station and the metro.
In charge of the masterplan, MSA Architects say that the refurbishment plan will upgrade the Place Albert I, which will ...