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Pulse Retail Summer 2016: Large project pipeline in 2016

  • ​Total take-up in Q1 2016 was 105,300 sq.m., the highest level recorded in a first quarter in the past three years and 48% above the take-up level of the same quarter last year, but 20% below the volume registered the previous quarter. As at mid-May the take-up volume had risen to 146,000 sq.m., mainly retail warehousing.

  • Large transactions in 2016 so far include 4,000 sq.m. let by Decathlon in Hasselt, 1,800 sq.m. let by JD Sports in Brussels (Rue Neuve) and 1,650 sq.m. let by H&M in Geraardsbergen.

  • ​Over 115,200 sq.m. were delivered in Q1 2016, the highest quarterly volume of the past five years.

  • Prime rents in high streets amount to €2,000/sq.m. p.a. and apply to the prime high streets in Brussels (Rue Neuve, Avenue Louise) and to Antwerp (Meir, Schuttershofstraat).

  • € 168 mln were invested in retail as at mid-May this year, €113 mln of which in the first quarter, 16% below the volume recorded in the same quarter last year. The pipeline, however, is worth close to €1.3 billion.

  • Prime yields for high streets amount to 3.75%, 4.25% for shopping centres and 5.75% for retail warehousing. The downward trend persists.

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