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Pulse Retail Belgium Q3 2014

  • ​Total take-up recorded in the first 3 quarters of 2014 amounted to 209,000 m²,  17% lower than in the same period in 2013, with a different evolution across the various market segments.
  • The pre-lettings in Docks Bruxsel boosted take-up in shopping centres in the first 3 quarters of 2014, achieving a take-up volume that is 46% higher than in 2013.
  • Apart from Docks Bruxsel, other projects are planned for delivery in the next 5 years, not only in Brussels but also in Wallonia and Flanders.
  • Prime rents in high streets remain stable at € 1,850/m²/year, and €1,600/m²/year in shopping centres.
  • Retail property remains an attractive target for investors, mainly in AAA-locations, which will compress yields further.

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