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Pulse Retail Summer 2015: Prime locations rule

  • Take-up volume in Q2 close to 87,000 sq.m., resulting in a take-up level in H1 of c. 160,000 sq.m., up 14% year-on-year.
  • Deliveries in 2015 will total 172,500 sq.m., in line with the 5-year average, but completions under construction for delivery in 2016 are higher.
  • Prime rents for high streets rose to €2,000 per sq.m. p.a. for the prime locations on the prime high streets, both in Brussels and in Antwerp.
  • With a volume of € 449m in H1 and huge shopping center deals expected, 2015 will be a record year for retail investment.
  • Prime yields are down across all asset classes; prime yields for high streets at 3.75%, and shopping centres at 4.50%.

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