The Belgian economy has continued to improve in H1 2014, following the gradual strengthening of the Eurozone economy. Financing conditions remain attractive with interest rates at historically low levels; this should contribute to boost investments in real estate.
The investment market witnessed an impressive upward movement in Q2 with more than EUR 1.1bn of transactions recorded, the highest quarterly volume recorded since 2008 at. Activity has mainly been driven by the purchase of the North Galaxy by the Danish pension fund ATP and AXA. But activity also took place in the other regions (the mixed-use Kievitsplein has been sold to AG for EUR 200m) and in other sector of activity (namely in the nursing homes sector where Aedifica purchased the Oase portfolio for EUR 90m).
Source : DTZ (Groupe UGL)