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Belgium Real Estate Horizon: discover the legal developments that matter for the real estate sector

The Linklaters Real Estate team in Brussels is organised in a unique way, offering an integrated one-stop approach combining all areas of relevance for real estate transactions. Our team composed of 15 lawyers includes specialists in real estate M&A, real estate investment and development, real estate finance, tax and litigation, as well as construction, environment, planning/zoning and energy. This enables our real estate practice to perform market-leading international deals through the whole transactional process.

We help our clients to create value, share risk, enhance returns and mitigate tax costs using an ever-widening range of innovative and complex structures.

Long-standing clients of our firm include national and multinational real estate owners, users, developers, contractors and investors (including funds and regulated real estate companies) active in all sorts of markets and across all major asset classes, including office, logistics, retail, senior housing, data centres, hospitality, leisure and infrastructure projects.

Our clients entrust us with a broad range of advisory, litigation (including administrative litigation) and transactional work, ranging from the investment in, or sale of, real estate assets, the structuring of real estate projects and the listing of real estate companies, but also the day-to-day management of real estate. We have experience in all types of transactions, developments and redevelopments, including construction and infrastructure projects.

On this new webpage, our real estate team closely monitors new and upcoming legislation, court decisions and legal trends in the real estate sector to offer up-to-date and future oriented advice to our clients.  To name a few examples, temporary indexation freeze for commercial leases, indoor air quality improvement actions, the ratio of charging points in car parks and the installation of solar panels in a co-ownership are on our radar and should be on yours too!

Green clauses in leases: What, why, how? 

The integration of ESG concerns into real estate businesses has become increasingly important over the years. This concern was translated into legislation on various occasions: EPC, charging stations, renovation obligations… However, unlike its neighbouring countries, as of 2023, Belgium does not have any legislation defining or imposing green clauses in leases. The relevance of green clauses in leases can therefore only be understood, from a legal point of view, when considering the obligations stemming from the EU regulations, and, particularly, the EU Taxonomy Regulation. In this note, our experts provide a summary of the “need-to-know” of the EU Taxonomy applied to real estate and give a flavour of the various possibilities of green clauses.

First page of the PDF

 

Insights series

Want to know how the topics of this series impact you? Click to read the publications below and contact us with any question you have.

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Amendment of the Code of Territorial Development

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construction workers on construction site

The EU Commission demands a reform of the Belgian Breyne Act

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Landlord's EPB certificate obligation and nullity consequences

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Amazon River Rainforest

Brussels goes green – Overview of the new air, climate and energy policy for the upcoming decades

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Forced co-ownership regime gets a sustainability-push

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Real Estate_Pre-emption right for residential tenants in the Brussels Region

Pre-emption right for residential tenants in the Brussels Region

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Construction Law 2023: Chambers Global Practice Guide – Belgium

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6_RE_Upcoming reform of the environmental permit in the Walloon Region_1400x600

Upcoming reform of the environmental permit in the Walloon Region

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The impact of the renovation obligation on real estate deals

The impact of the renovation obligation on real estate deals

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Law on improving indoor air quality in enclosed areas open to the public

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The Ratios Decree in Brussels regarding charging points for electric vehicles_1400x600

The Ratios Decree in Brussels regarding charging points for electric vehicles

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2022_Ordinance limits temporarily the indexation of rents

Ordinance limits temporarily the indexation of rents

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Client successes

CBRE Investment Management

We advised CBRE Investment Management on the acquisition comprising the six remaining units of the logistics complex ‘MG Park Greve’ located in Copenhagen and three units as part of the logistics complex ‘MG Park Fredericia’ located in the Danish Triangle region, the latter being added to the joint venture between CBRE Investment Management and MG Real Estate. Linklaters was assisted by Plesner for MG Park Greve and Bech-Bruun for MG Park Fredericia.

Hotel Metropole Brussels

We advised the Bervoets family on the sale of the iconic Hotel Metropole Brussels. The Bervoets family has agreed on terms with Lone Star Funds for the acquisition of Hôtel Métropole SA, the company owning not only the Hotel but also several retail units on the Rue Neuve. The purchaser announced that the reopening, after renovation, of the Hotel Metropole is scheduled for the end of 2025.

La Francaise Real Estate Managers

We advised La Française Real Estate Managers (REM), assisting its client Hyundai Investments, with the sale of 100% of the shares of Anvers Luxco SARL to an investment fund. Anvers Luxco SARL indirectly owns a majority share in the Belgian headquarters of ENGIE in Brussels. The asset comprises two buildings, North Light and Pole Star, located in the North Station area of Brussels. 


 

Your Real Estate Team


Is happy to support you, to guide you through the measures your business will have to take, and to advise you on how your business might be affected by the new legislations.

 

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