Retail activity - some surprises
Alongside its report into the Flanders office market over the first half of this covid-affected year, real estate advisor CBRE has analysed the situation for retail real estate across the whole of Belgium.
The first observation comes perhaps as something of a surprise. Retail take-up amounted to 180,580 m² through the first half of 2020, representing one of the ...
Eaglestone acquires 'Les Jardins de l'Orne'
The former paper mills at Mont-St.-Guibert have gradually been transformed into a vast mixed use project since 2011, named ‘Les Jardins de l’Orne’. This project extends to some 9 hectares and will eventually see 300 houses and apartments, a crèche, retail units and office space.
Brussels-based developer Eaglestone has now become a major player in this project, by acquiring from ...
E-commerce boom boosts VGP profit
VGP, specializing in development of logistics real estate, is benefiting from the booming e-commerce market, which requires warehouse space. Its CEO, Jan Van Geet, announced at the beginning of August that the net profit for the past six months amounted to 180 to 200 million Euros, compared to 75 million in the first half of 2019.
VGP is, among ...
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: ...
Post-lockdwon situation for the Brussels office market
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 ...