Presentation

First half 2019 results

Conference call 18 July 2019 www.befimmo.be

Table of contents

  1. Brussels - Attractive office market
  2. Strong H1 results, confirming full year outlook

Brussels - Attractive

office market

Brussels - Attractive office market | Key takeaways

JLL executive summary H1 2019

Occupier market:

  • Best H1 in history:
    take-up of 345,000 m² (+120% YoY) of which 55% pre-letting in projects
  • Vacancy down to a new two decades low of 7.6% (8.0% in Q1)
    • CBD 3.35% (vs 3.7% an all time low), outside CBD 14.8% vs 15.3%
    • Prime rent stabilizes at the highest ever of 315 m²/y

Further compression of yields: 6/9 yrs. lease: 4.15%

Long term lease: 3.5%

P 4

Brussels - Attractive occupier market

2019 could become a record year

  • Continued growth private sector:
    with already 235,000 m² highest take-up since 2010
  • Strong demand anticipated:
    • Corporates transforming into Smart Ways of working
    • Public institutions (EU)

FY

H1

P 5

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Befimmo SA published this content on 18 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 July 2019 15:54:12 UTC