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Brussels

At A Glance - Q1 2023

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.

 

ResearchQ12023
Brussels

Brussels Office Market - Dashboard Q1 2023

Quarterly key statistics of the Brussels Office Market

Building the city of tomorrow BD
FUTURE OF WORK

Conversion, reversibility and the circular economy: the new issue of BuzzWords is available to download now!

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.

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Metal 57
Pan-European

MIPIM Award for METAL 57, developed by BNP Paribas Real Estate

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”.

Low Carbon
Pan-European

Methodology for the first pan-European low carbon label

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.

Versace
REIM

BNP Paribas REIM acquires 100% of the shares of the SPV’s holding a healthcare portfolio in Belgium from Baltisse Real Estate

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) Belgium, on behalf of Healthcare Property Fund Europe (HPF Europe), has recently acquired from Baltisse Real Estate nv/sa, all the shares of Wombat nv, Residentie De Vlamme nv, Zorgcampus Maasmechelen nv, Anima Vera nv and De Wandelgang nv, holding five healthcare properties in Flanders, Belgium.

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