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Retail

A closer look at the figures

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MARKET 2017

  • National take-up of 344,000 m², but fall in total traded surface area of 9.5 % compared to 2016, which was very strong due to rental properties in the Docks and Rive Gauche shopping centres
  • Rental prices are under pressure by new offer in shopping centres (Mint, Rive Gauche, Docks)
  • The dealers have achieved moderate results due to oversupply, while changes in the purchasing pattern have also had an impact on the rental price
  • Yield paradoxically very low for rare products: premium shopping real estate continues to be regarded as a triple-A investment
  • Few genuinely new entrants by retailers (Weekday, Snipes, etc.)
  • Investment Market 2017: only 21 % in retail compared to 29 % in 2016

  • Prime rent Shopping Centers:2000€/m²=
  • Prime rent Retail Warehouse:170€/m²=
  • Prime rent Highstreets:1.800€/m²-
  • Prime yield Shopping centers:4,25%=
  • Prime yield highstreets:3,25%-
  • Prime yield warehouse:5,50%=

*Comparison with 2016 figures

Take up Retail

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Source: Expertise News ed. 549 / 12.01.218 page 16

HCS 2017

  • HCS is a national player with a focus on shopping centres all over Belgium
  • Strong expansion of our activities in shopping streets in Brussels and Wallonia and Retail warehouse
  • Most important transactions

    • River Woods Kouter - Gent
    • Fred en Ginger - Nieuwpoort
    • Manatan - Kortrijk
    • Marc Jacobs - Oostende
    • Snipes, Weekday - Meir - Antwerpen
    • Telenet - Basilix
    • Krëfel - Wemmel
  • Existing and new letting mandates in shopping centres and retail warehouse clusters:

    • Médiacité
    • Rive Gauche
    • Stadsfeestzaal
    • Wijnegem Shopping Center
    • B-Park
    • ...
  • 37,000 m² of traded surface area from 105 transactions

Vision 2018

Antwerp is the favorite city of retailers! Snipes, Sostrene Grene, Samsoe Samsoe, Weekday, Manfield… These are just a few names that opened their first Belgian store in Antwerp at the beginning of this year. Retailers look at Antwerp as the perfect city to test their concept and to evaluate expansion to other cities.

Our shopping centers score with foreign investors. A recent European survey by EY shows that Belgium remains very popular with investors in real estate. Following the sale of Wijnegem and Waasland, we have to conclude that with Woluwe and Dockx, new investments are being made by investors who, until recently, were unknown on the Belgian market. The investment volume and yield confirm that Belgium is more than ever, especially for big projects, a destination for foreign money looking for a safe haven in post-Brexit times, without having to pay the top yields of Paris and Amsterdam.

  • Pressure on the rental price will continue to rise: pure sales rent, participation in investment costs of the tenants, etc. will be discussed more in 2018
  • Optimise further growth by anticipating market movements and generating further spin-off
  • Further development of a strong team of young, dynamic consultants
  • Transformation from real-estate broker to consultant: further specialisation and optimisation of our services

Rankings
& recognitions

National ranking

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