Real Estate for a changing world
The British investment manager Knight Frank Investment Management has decided to appoint BNP Paribas Real Estate as property manager of the iconic North Galaxy buildings. North Galaxy is an office complex consisting of two 27 storey towers and a smaller 5 storey building and comprises close to 122,000 sqm of gross lettable area and 611 car parking spaces.
After the impressive rally observed during the final quarter of 2021, take-up of office space in the Brussels started the year on a minor note.
The results of the BNP Paribas Real Estate study show how offices are reasserting themselves as a vital setting for social interaction among employees and for instilling a sense of belonging among them.
Quarterly key statistics of the Brussels Office Market
BNP Paribas Real Estate, the European leader in real estate services for both companies and individuals, is releasing the results of a groundbreaking European survey conducted with IFOP. We asked 3,500 employees in seven European countries about their hopes for office space in the future. Far from being just a trend related to the health crisis, the study shows that hybrid work is becoming more established. The reasons for going to the office are now quite specific: a dynamic and accessible environment, greater connectivity, a friendly atmosphere, etc. The main lesson from this survey is that responses differ greatly between countries, but also between generations.
Following a competitive tender, BNP Paribas Real Estate has been appointed by Generali Real Estate and Athora to manage all of their real estate assets in Belgium and Luxembourg.
The Property Management teams of BNP Paribas Real Estate have been mandated by Belfius Insurance to manage the property management of a new office building, called MC², located in the Louvain-La-Neuve Business Park, not far from the Enterprise and Innovation Centre.
Leasing activity during the final quarter of the year was extremely intensive and closed 2021 in a positive way. Some 195,200 sq.m of office space were let bringing the total year at 450,700 sq.m.
Quarterly key statistics of the Brussels Office Market - Q4 2021
BNP Paribas REIM presents its new report “The Lighthouse H2 2021 – A European Property Market Outlook”. This fourth edition focuses on the current economic framework, the relative position of real estate and the different sectors and the investment opportunities identified for 2022 and after.
