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Industry & logistics

A closer look at the figures

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MARKET 2017

  • National take up: decrease of - 24 % compared to 2016, which was an exceptionally strong year. Logistics (+ 7,500m²): - 42 % semi-industrial: - 6 % Traded surface area in Wallonia compared to 2016 will be doubled.
  • Shrinking market, especially in logistics, yet we have retained a good position with 3rd place nationally overall
  • Rental prices are stable
  • Yield compression
  • Logistics cluster formation in the Netherlands due to large land reserves
  • Legislation: unstable regulatory framework concerning VAT (this is a particular issue outside logistics)
  • Belgium continues to lag behind when it comes to logistical e-commerce
  • Investment market 2017: 11 % in logistics compared to just 6 % in 2016, which is partly thanks to the sale of 2 large portfolios

  • Prime rent:55€/m²=
  • Prime yield: 6,5%=

*Comparison with 2016 figures

Take up Industry & Logistics

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Source: Expertise News ed. 549 / 12.01.218 page 16

HCS 2017

  • National player with a focus on the most important Flanders submarket
  • Strong presence due to local entities, as well as central knowledge & expertise
  • Most important transactions

    • Baloise - Bosch TT
    • MG RE- Toyota MH
    • GEG - Lesage Industries
    • Colruyt - Samus
    • KBC Lease - Hamlet Chocolate
    • KBC RE – Deco Finesse
    • FUTURN - Barco
    • Boels
    • Bolckmans - Santens Groep
    • BMW
    • Landrover
    • Verstraete
  • Important land transactions

    • Port of Ghent(Varo - GEGE; 12ha)
    • Port of Ghent(Willy Naessens - Chevron; 1ha)
    • Waarschoot(5ha)
    • Beerse(4.5ha)
    • Wetteren(1ha)
  • Fifteen Small and Medium-sized Enterprises (SME) in the portfolio all around

Vision 2018

The logistics real estate market continues the trend of 2017 and is strengthened by the game changer that is called e-commerce. Group HCS notices a strong demand for projects of more than 10,000 m². These users mainly look at moving to "turn key" or "build to suit" projects, because of which, existing logistics buildings more often become empty on the Brussels-Antwerp axis. Belgium remains a logistics hotspot, proof of this is the interest of, among others, the e-commerce giant Alibaba.

The more industrial (SME real estate) real estate market is also characterized in Q1-2 / 2018 by purchases for private use. As long as interest rates remain historically low, this will continue. In addition, the low interest rates and the abundance of cash in the investment market force many domestic and foreign investors to look at logistics and industrial real estate, which today has a prime yield of 5.35% (check with VGO / HVL) for a ' long term lease '.

Due to the limited space, Group HCS sees an increased importance for the reconversion of obsolete / abandoned sites. These files are always accompanied by challenges regarding demolition or reuse of buildings, pollution, earthmoving, asbestos and environmental legislation. We herein specialize our team, and presently provide guidance for approximately 30 hectares of brownfields spread over Flanders.

  • Strong SME market will continue to grow due to low interest rates
  • Land is becoming even more scarce, which is resulting in a growth of the recycling of buildings and brownfield development
  • Logistics is limited to a number of mega-projects; existing logistical units of a certain age will be more difficult to let due to the requirements of users (renovation and/or redevelopment is necessary and inevitable)
  • Optimisation of our own growth by:

    • local market penetration for SME
    • large development projects in the pipeline
    • specialisation in complex (including environmental) logistics and production warehouses (mostly build-to-suit)
  • Transformation from real-estate broker to consultant: further specialisation and optimisation of our services

Rankings

National ranking

  • 3rd place in the national ranking in terms of traded surface area
  • 2nd place in terms of the number of deals
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