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Brussels Offices and Belgium Investment

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Brussels Offices and Belgium Investment

The investment market recorded a 35.8% increase compared to 2011 with a volume €2bn.

Government debt stands around 100% of GDP and deficit decreased in 2012.

The Brussels take-up reached 348,000 sq m in 2012, below the 10-year average but higher than 2011 result.

Corporates remained the major player with 74% of the take-up followed by EU administrations (20%).

Thanks to a low level of completions scheduled in 2012, a stable occupier demand, and office reconversions, global vacancy rate is slowly decreasing.

Top rents in the prime CBD increased slightly to €300 per sq m/ year.

Volume invested in the retail and residential market more than doubled.

Retail and office transactions represented 70% of the 2012 investment turnover.

The largest deal of the year was the purchase by Abu Dhabi Investment Authority of the Zuiderpoort in Ghent for €110m.

Source : Savills

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