The redevelopment of the Cora sites is giving the Belgian retail property market a boost, according to real estate advisor JLL. Elsewhere, too, the recent closure of several retail chains is creating growth opportunities for ambitious newcomers.
New dynamics
Based on preliminary figures at the beginning of December, the transaction volume this year should end at a level comparable to that of 2024, or approximately 430,000 m², reports JLL. This figure is driven by rental transactions to Dreamland, Dreambaby, Delhaize and Jysk, retailers that are taking over the spaces vacated by the seven Cora hypermarkets, which will close their doors in January.
