Pro-Realestate Newsletter N° 37 - February 2019
Retailing, a changing world

Falling rents and the increasing importance of bytes on bricks (the impact of e-trade on physical stores), are two heavy trends analysed by real estate consultant CBRE in its annual review of the retail situation in Belgium. Roughly one third of retailers indicate that their online shop already registers sales comparable to their top 5 physical stores. The polarisation between large and mid-size cities will continue as, with the increase of the share of e-trade on their activities, retailers are set to focus more on popular and major cities. The consequential decline in rental levels decline registered in 2018 is likely to continue or stabilise this year.

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A quiet year for Ghent's office market but it remains a corporate favourite
In its ‘Flanders Report Winter’ JLL observes that occupier activity in Ghent, which has been a star of the Belgian office markets from 2013 to 2017, was constrained in 2018 by economic uncertainties but the lack of new products available also played a role. The vacancy rate in Ghent still remains very low at 4.01% !
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Brussels reveals 9 exemplary
real estate projects
The 9 winners of the third edition of the architectural competition hosted by the Brussels Region under the banner of be.exemplary were announced at the end of January. While most of the news in real estate is made by large office projects, it is interesting to note that none of the submitted candidates at all were offices, and several were schools.
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Spotted in the news via @ProRealestateBE
Dans l'immobilier, la voiture toute-puissante appartient au passé @Trends ...
CEO Talks: 'Logistiek vastgoed wint nog elke dag aan belang' @Detijd ...
Immobel monte en Allemagne avec une première acquisition à Francfort @l'echo ...

The annual Mipim exhibition in Cannes continues to be the most important real estate trade show in the world. It attracts exhibitors and visitors from the four corners of the globe, to such an extent that the ‘Palais des Festivals’ is no longer big enough, and many huge marquees are erected on and around the Croisette to host entire cities’ or countries’ exhibitions
Program and registrations

SPIE moves into buildings data domain
As buildings become more ‘intelligent’ and generate more digital data, the question of how to make them more future-proof is often raised. Buildings of the latest generation are very much part of the Internet of Things and this is of particular interest to a Belgian company ‘Spie Belgium’. The buildings, infrastructure and energy efficiency company has just acquired SYSTEMAT, a company specialising in software and ICT tools, and is looking to make use of its acquisition to help building owners. It talks in particular of the vast amounts of data which buildings generate, but which are not properly collated or managed, and not therefore used.
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ATENOR in first Flanders move
COFINIMMO to concentrate on CBD
SPACES continues its growth strategy

Massive shared workspace transaction
in Multi Tower in downtown Brussels

Brussels Cité Administrative
on the move again

Flemish Community set to occupy ex-WTC1 & 2 in front of Brussels North Station

Go-ahead for Brussels Westland Shopping Center works

PwC to relocate headquarters to Diegem

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