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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

Major new project to revive Bavière district in Liège
BPI Real Estate, Thomas & Piron and UrBa Liège have announced that a private project named Bavière has reached the point of being commenced in Liège. With the granting of the planning permission for unit D, including 149 apartments, 3 commercial spaces and a nursery as well as parking spaces and cellars in the basement, Bavière Development is now ...
| 18-03-20

Atenor results and portfolio progressing
As each year, developer Atenor has just given details of its financial performance over the previous year, along with the current position of its portfolio. Firstly, an overview of the results. The company’s strategy is for predictable growth, and it saw this again in 2019. The consolidated result after tax was up by 7.39% to 37.78 million Euros, ...
| 17-03-20

Housing - from the old to the new
As a demonstration that it is not just obsolete office blocks which can be transformed into residential accommodation, developer Codic has revealed plans to create a complex of 30 housing units to be named Villobar, based around an elegant villa at the corner of the Avenue de Tervueren and the Avenue du Marquis de Villalobar in Woluwe. ...
| 16-03-20

Investment set for another good year
Real estate advisor JLL has produced a report looking at the appetite of investors for the Belgian market. The first title in the report sets the scene: ‘Investor appetite for Belgian real estate was never higher’. Looking towards 2020, JLL finds that investors are ready to buy more property assets, as most economists believe that the low interest and ...
| 13-03-20

Spaces on the expansion path
To further expand its multi-brand network of business & coworking centres in Belgium, IWG (International Workplace Group) known for operating the REGUS & SPACES centres has announced that it is looking for franchise partners.The objective is to increase the number of business centres they operate in the country from 40 to over 130 by 2029. To ...
| 12-03-20

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