Brussels Office Market - Dashboard Q4 2023
Quarterly key statistics of the Brussels Office Market
BNP Paribas Real Estate undisputed leader in the Property Management segment in Belgium
For many years, BNPPRE BELGIUM has been supporting major socio-economic changes to offer increasingly innovative property management, focused on UX and closely aligned with the expectations of investors and institutions who wish to enhance their assets. In 2023, and thanks to its comprehensive range of services for owners and users of tertiary and residential buildings, the group is strengthening its position as the leader in the sector with 3,813,953 m2 under management.
Retail in Europe: Investment in retail premises declines in Q3, but fundamentals are sound
Investment in retail premises declines in Q3, but fundamentals are sound. The decline in retail property investment is less pronounced than for other asset categories.
The Muse : new offices at the forefront of a new era in the real estate industry
By 2025, the former headquarters of Sabam (Belgian Association of Authors, Composers and Publishers), located at the corner of Rue d'Arlon and Rue Jacques de Lalaing, will give the European quarter in Brussels a brand-new tertiary hallmark.
Let's head to the primary Brussels business district for an exclusive presentation of the future new offices in The Muse building.
L375: Inherently iconic
The L375 building, which takes the capital L in its name from the prestigious Avenue Louise where it stands in Brussels, is currently being spruced up. This ambitious renovation project has got under way under the guidance of the architecture firm HBLN, which is designing new people-friendly working environments that are versatile, sustainable and comfortable.
Discover a future masterpiece office building on Avenue Louise in Brussels
At A Glance - Q3 2023
Over the past three months, office take-up presents a mixed picture with volume reaching around 59,200 sq.m. Throughout the year, economic conditions continued to hamper the Brussels office market. Further complications come from cost optimization strategies, and a more selective approach by tenants about location and intrinsic quality of buildings. The combination of these factors has resulted in a lengthening in decision-making processes.
Brussels Office Market - Dashboard Q3 2023
Quarterly key statistics of the Brussels Office Market
BNP Paribas Real Estate appoints a new generation of members to its management board
On the proposal of Thierry Laroue-Pont, Chairman and Chief Executive Officer, BNP Paribas Real Estate has integrated a new generation of managers from business lines and strategic support functions into its Management Board appointing six new members.
BNP Paribas Real Estate advises on the sale of the company of AGRE Office Invest II by AG Insurance to MEAG
BNP Paribas Real Estate Belgium advised MEAG Munich RE on the purchase of all the shares of AGRE Office Invest II, owned by AG Real Estate, holding the prestigious City Center building. The site consists of approximately 31.000 sq. m spread on eight floors, ideally located in the heart of Brussels, in front of the Place Rogier.
