2024-02-05-莱坊-Belgium_Industrial_Report_H2_2023_5页_3mb

Belgian Industrial Market Summary, Q3-Q4 2023

Based on Knight Frank Research data from H2 2023, the Belgian industrial market showed specific trends in investment volumes and yields for key segments.

Investment Volumes

• Semi-industrial Logistics: 97 units (exact unit not specified, likely m² or similar metric).
• Mixed semi-industrial and logistics: 286 units, indicating strong focus possibly driven by sector obsolescence or urbanization pressures.
• Data centres: Part of the market, though no specific numerical data provided.

The total investment volumes reflect growth in mixed segments, potentially due to economic factors or demand shifts.

Yields Analysis

• Prime logistics, LT prime logistics, and prime semi-industrial OLO 10Y yields decreased from 2019 to 2023.
• Key trends include:
  • Lower yields in 2023 compared to 2022 and 2019, signaling market challenges or reduced returns.
  • Primarily driven by macroeconomic conditions, such as interest rate changes or supply-demand dynamics.

Overall, the market experienced a downturn in yields and increased investment in mixed-use areas, highlighting resilience in some sectors but vulnerabilities in return profiles.