Real Estate for a changing world
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.
In H1 2024, Brussels' office market saw a 6.5% increase in take-up, driven by major deals like Engie's headquarters and European Commission transactions. Vacancy rose to 8%, with new projects hitting the market. Prime rents are up, widening the gap with older buildings. Investment surged due to a major EU deal.
BNP Paribas REIM presents “The Lighthouse H2 2024 – European Property Market Outlook”, its outlook for the European real estate market using its in-house forecasts, analysis, and the expertise of its local teams. In this nineth edition, BNP Paribas REIM defines its convictions and provides the investment strategies to adopt considering the expected macroeconomic and financial environment for the rest of 2024 and beyond.
BNP Paribas REIM has made three new appointments with effect from July 1, 2024:
Quarterly key statistics of the Brussels Office Market : Insights on key figures by office districts
