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'The Platinum' sold
The most recent of the large office buildings to be constructed on the Avenue Louise has changed hands. ‘The Platinum’, a rebuild of the former Bayer building, was completed around 15 years ago, and has been acquired (via the company which owned it – Valim sa) by Real IS. Real estate broker JLL advised sellers GLL RE Partners (the ...
| 30-03-20

Strong growth in the Belgian health care real estate market expected to continue
2019 was a top year for healthcare real estate in our country: almost 490 million Euros were invested in this specific market. Over the previous two years, the figure had been around the around 100 million Euros mark. Real estate advisor Cushman & Wakefield expects investments in this market to continue to rise. Assuming a need for 3,500 extra ...
| 28-03-20

Mipim 2020 now cancelled, but with a substitute
There has been another change in the arrangements for this year’s Mipim. Having seen the original fair in March postponed until early June, organisers Reed Midem have had to accept that even this date is likely to be too early for the coronavirus pandemic to have made travel and gatherings safe again, and have issued the following announcement to ...
| 27-03-20

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

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