Summary and analysis of Belgium's current retail capital markets conditions.
Insight
Belgium Retail Capital Markets Market Dynamics, Q3 2025
Record Growth: Retail investment surged 130% year-over-year to €804 million, driven by shopping centers (+265%) with major value-add deals including Mitiska's Cora portfolio acquisition and retail warehouses (+134%).
Stable Market: Prime yields held steady across segments (High Street 4.85%, Shopping Centers 5.75%, Retail Warehousing 5.80%) with Belgian private capital dominating both buyer and seller sides.
Strong Outlook: Investment volume expected to exceed €1 billion by year-end for the first time since 2018, supported by pending shopping center sales and continued institutional repositioning.