Published in Property on 13-03-2014
Johan Van Geyte
French real estate investor Klépierre will not participate in the Neo shopping project at the Heysel in Brussels. It is still unclear what the other partners in its consortium, AG Real Estate and Wereldhave, will now do.
This English version is only a summary to make Belgian retail news available for an international audience. The complete article can be read in the Dutch version or in French.
JD.com has its eye on the port of Zeebrugge as a springboard to Europe. The Chinese e-commerce player, which mainly focuses on logistics, visited the port together with Flemish prime minister Jan Jambon.
» Read more
Food, decorations and health are gradually taking the place of fashion chains on the Belgian high street and in shopping centres. Rents are falling, except for those outlets along main roads. And of course, the dividing line between physical shops and online sales is becoming even more blurred.
The former Mexx store in Mons, Belgium is for rent again after a year-long renovation, but the price is set at 30,000 euros per month - twice the local average. It is a textbook example of how real estate logic sometimes clashes with retail and other interests.