Real Estate for a changing world
Strategically located in the Leopold district, the Hôtel de Copis, the Lombard and the Chapelle-des-Clercs are now available for rent. Thanks to a meticulous renovation initiated by the Liège-based investment fund Noshaq, the three buildings now provide nearly 2,700 m2 of contemporary office space, which can be rented separately or by a single tenant.
BNP Paribas Real Estate Investment Management (BNP Paribas REIM) is pressing ahead with its development strategy centred on its customers and partners.
As European commercial real estate markets adjust, the different asset categories are following diverging trajectories: retail is still in third place, accounting for around 20% of overall investment (vs. 14% at the end of the Covid crisis in late 2021), behind logistics assets, which remain popular, and offices, which are still struggling. Indeed, for the first time, investment in offices and logistics is neck and neck, with each accounting for 25% of overall investment over the last 12 months. After retail premises come hotels, which have flourished on the back of keener investor interest; investment in the category has surged by 40% year-on-year and they now account for 12% of allocations.
Brussels Office Market: Quarterly dashboard by business district | Discover the latest office take-up figures, rent trens, vacancy rates shifts and yields.
Are you looking for new business units to buy or rent in the Namur region? Just off the E42, in Fernelmont, developers Kolmont, Nestyn and Réactive are currently developing a new business park which will in time offer versatile eco-designed SME units that can perfectly adapt to companies’ specific needs.
Undertaken by the City of Nivelles and the developer BVI.EU, the Green Business Park Nivelles Sud project opens up new development opportunities for companies between Brussels and Charleroi, right in the heart of Walloon Brabant. Located right in the heart of a fast-growing, 250-hectare business park (which nearly 300 companies are expected to eventually call home), Green Business Park Nivelles Sud is creating a unique ecosystem, which is perfect for SMEs looking for offices or business premises.
Logistics letting markets have generally held up well despite weak economic growth which is expected to remain positive in 2024. Indeed, GDP growth started to pick up in the Euro area at the beginning of the year from +0.5% in 2023 to +0.8 % forecast in 2024.
Occupier concerns about cost control in a still weak economy are slowing expansion. In H1 2024, the market decreased by 5% versus H1 2023. Demand has been lagging and most countries recorded a slow start to the year. Yet, market fundamentals remain healthy despite rising supply in some countries and there are signs of inventories increasing in the second half of 2025.
