Real Estate for a changing world
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.
Quarterly key statistics of the Brussels Office Market
Slowdown in activity was already noticeable in the second half of 2022, and this trend is continuing at the beginning of this year. Office take-up in the Brussels office market began the year on a low note with 71,300 m², -4% compared to Q1 2022 and -25% compared to the ten year quarterly average. Occupiers are cautious due to the uncertain economic context characterized by ongoing price increases, business slowdown and persistent geopolitical tensions. In this situation, potential tenants are more selective in their choices, giving particular attention to the property's location and quality.
Quarterly key statistics of the Brussels Office Market
Located close by the Brussels South station, The Rails is made of two distinct assets, a 7-storey office building dating from 1955 and fully renovated in 2003, and a modern mixed-use construction built in 2004, combining offices and warehousing accommodations.
According to the UN, 54% of the world's population now lives in cities. By 2050, this number will rise to 66%. As a result of society becoming more urbanised, urban models need a rethink. Gone are the days where hyper-specialised or single-function buildings rule the roost. Instead, we now need to dream up mutable buildings, which can transform themselves, in sync with the constantly changing global environment, in order to provide a solution for the world's major social, environmental and economic needs.
Métal 57, the former iconic Renault workshop converted into an office building geared to the latest working patterns, has won the prestigious Mipim Award in the “Best refurbished building category”.
The logistics market in Europe proved resilient despite a difficult political and economic environment.
The Low Carbon Building Initiative (LCBI) reveals the methodology for the first pan-European low carbon label, measuring the carbon footprint of real estate based on a Life-Cycle Analysis.
