Belgium Retail Capital Markets Market Dynamics, Q2 2025

Retail investment surges: Q2 2025 volume reached €346.35 Mln (+39% YoY), dominated by Retail warehousing (83% of total volume) growing 127% from H1 2024 as investors target assets with strong fundamentals.

Shifting investment patterns: Investors have made a decisive strategic pivot toward retail warehousing properties, recording an impressive 81% year-over-year increase for this asset class. This surge stands in stark contrast to high street investments, which declined by 22% year-on-year, whilst no shopping centre transactions have taken place so far.

Domestic capital dominance: Belgian investors drive 99% of retail investment transaction volume, though international players are increasingly eyeing the market’s attractive yield profiles.