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Pulse Retail: 2015 was the year of retail

  • Total take-up in 2015 was 385,500 sq.m., 13% above the take-up level of 2014 and 18% above the 5-year average for the period 2010-2014.
  • Newcomers in 2015 include brands such as Apple, Dolce & Gabbana, Kiko, Marks & Spencer and Prada in Brussels, and Bimba y Lola, Ginger, Joe Merino, Juttu, Manila Grace en PME Legend in Antwerp.
  • Large transactions in 2015 include 8,000 sq.m. let by Primark in Mons, 6,700 sq.m. let by Inditex group for various brands of the group in Docks Bruxsel and 4,630 sq.m. let by Brico Belgium in be-Mine in Beringen.
  • Prime rents in high streets rose to €2,000/sq.m. p.a. and apply to the Rue Neuve and the Avenue Louise in Brussels, and to the Meir and the Schuttershofstraat in Antwerp.
  • 2015 was an exceptional year for investment in retail, with an investment volume of just under € 2.1 billion on a total volume for all asset classes of € 4.4 billion.
  • ​Prime yields compressed in 2015 and the downward trend persists. The current prime yields amount to 3.75% for high streets, 4.25% for shopping centres and 5.75% for retail warehousing.

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