Highlights:
• The forward funding sale completes the transfer of the land with relation to the 26,000 sq.m. Conference
Centre to be constructed as part of the “ REALEX” development for which the permits have been obtained.
• An initial payment of € 88 M has been recorded.
• REALEX aims to achieve “BREEAM Excellent” certification, aligns with EU taxonomy criteria and surpasses the
Nearly Zero Energy Building (NZEB) standards.
The property market in Belgium offers a wealth of opportunities for both buyers and sellers. With constant demand and varied supply, it's important to understand the nuances of this dynamic market. In this article, we explore the Belgian property landscape, highlighting the crucial role estate agents play in transactions and why it makes sense to use them when selling or renting a property.
Companies in Belgium are increasingly opting for open-plan workspaces with different zones to stimulate creativity and interaction within the company. The emphasis is on spaces that encourage collaboration and efficiency, while also providing areas for relaxation and socialising to enhance the well-being of employees.
Are you considering leaving your home office to rent a workspace? Renting office space is a significant decision that requires thorough thought and planning. Searching for an office space is the first indication that your business is beginning to grow.
It's essential to find a productive environment to manage your business, but you must consider both strategic and financial aspects. Choosing your first rental office space can be an overwhelming endeavor. Focus on making the right decision for your business, employees, and clients.
The choice you make can make or break your business. Opt for premises equipped with all the necessary amenities for your business to operate smoothly. It's not advisable to choose the most expensive lease. It's crucial to control costs and rental terms.
Here are nine things to look for in a rental office space. Take them into account to ensure the success of your business.
Investments in Belgian offices hit their lowest level in a decade in 2023, with only 800 million euros invested throughout the year. This trend is partly attributed to the rise in interest rates, which deterred investors.
Figures published by the consulting firm CBRE reveal that only 805 million euros worth of transactions were recorded for offices in Belgium last year, marking the weakest performance in over a decade. In comparison, investments in offices amounted to 1.3 billion euros in 2013.
Expanding the perspective to include all real estate asset classes, including the commercial, healthcare, and logistics sectors, total investments in 2023 amounted to 2.5 billion euros, well below the 8.5 billion euros from the previous year. This decline also places the year 2023 among the least performing since 2013 when investments in Belgian commercial real estate amounted to 2.2 billion euros.
Despite the absence of comparable data to that of 2022, the trend remains pessimistic. The figures for 2023 fall below the five-year average, which typically ranges between 4 and 5 billion euros in investments, according to Arnaud Smeets, Director of BeLux Capital Markets at CBRE.
The distrust towards offices is also reflected in their decreasing share of overall real estate transactions in Belgium. In 2013, offices accounted for 60% of real estate investments in the country, but this share fell to 32% a decade later.
This skepticism towards the office market has prompted investors to turn to new asset classes, such as life sciences or data centers, which offer safer cash flows in the current context. The resilience of quality offices in Brussels to attract long-term tenants underscores their continued importance as an asset class.
The low attractiveness of offices in 2023 was further exacerbated by the absence of foreign investors in the market, with many opting to wait for better visibility on the economic and financial situation amid a rapid rise in interest rates. This situation has paved the way for greater involvement of Belgian family offices and private equity funds in the national real estate market.
The office trends for 2024 reflect a continued evolution towards eco-friendly, flexible, and comfortable spaces, influenced by the transformations observed since the pandemic. These trends go beyond the aesthetics and design of spaces, directly impacting productivity, well-being, and employee satisfaction, crucial elements for the success of any business.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
