Presentation belgium business center market analyses 22 10 215Koen Batsleer
Presentation of the market analysis of the Belgian business center and coworking market in 2015 - presented at the BOBCA Conference in Gent at 22 10 2015
Presentation belgium business center market analyses 22 10 215Koen Batsleer
Presentation of the market analysis of the Belgian business center and coworking market in 2015 - presented at the BOBCA Conference in Gent at 22 10 2015
Financial analysis of the Business Center and Coworking market in BelgiumSocialWorkplacesCom
Financial analysis provided by Koen Batsleer, from Office Center and BWA (Belgian Workplace Association) about the situation of the Business Center and Coworking Market in Belgium. Figures for 2016.
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Slides from my talk at SaaStock 2019 in Dublin.
Official Description from the Agenda:
It’s not an easy road, but identifying and investing in growth levers enabled Personio get to eight digits in ARR in just over three years. But while doubling, tripling or quadrupling is much easier while the absolute numbers are small, it gets much harder to continue on that growth trajectory once you pass $10m in ARR. Hanno will illuminate the trials and tribulations (acquiring a company to add a new product line, entering new markets, tapping into new channels) of fast-paced growth. We’ll take an honest dive into mistakes made and lessons learned, and explore how, often, you have to repave the road to get to the destination.
Ingo Hartlief ist Geschäftsführer der CORPUS SIREO Holding GmbH & Co. KG.
Zudem bekleidet Ingo Hartlief die folgenden Ämter: Vorsitzender der Geschäftsführung der CORPUS SIREO Asset Management Commercial GmbH und des Organe de Contrôle der CORPUS SIREO Investment Management S.à r.l., sowie Geschäftsführer der CORPUS SIREO Asset Management Retail GmbH und der CORPUS SIREO Asset Management Residential GmbH.
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Financial analysis of the Business Center and Coworking market in BelgiumSocialWorkplacesCom
Financial analysis provided by Koen Batsleer, from Office Center and BWA (Belgian Workplace Association) about the situation of the Business Center and Coworking Market in Belgium. Figures for 2016.
Fast growth continued - How to maintain high growth rates past €10M ARR - Ha...Hanno Renner
Slides from my talk at SaaStock 2019 in Dublin.
Official Description from the Agenda:
It’s not an easy road, but identifying and investing in growth levers enabled Personio get to eight digits in ARR in just over three years. But while doubling, tripling or quadrupling is much easier while the absolute numbers are small, it gets much harder to continue on that growth trajectory once you pass $10m in ARR. Hanno will illuminate the trials and tribulations (acquiring a company to add a new product line, entering new markets, tapping into new channels) of fast-paced growth. We’ll take an honest dive into mistakes made and lessons learned, and explore how, often, you have to repave the road to get to the destination.
Ingo Hartlief ist Geschäftsführer der CORPUS SIREO Holding GmbH & Co. KG.
Zudem bekleidet Ingo Hartlief die folgenden Ämter: Vorsitzender der Geschäftsführung der CORPUS SIREO Asset Management Commercial GmbH und des Organe de Contrôle der CORPUS SIREO Investment Management S.à r.l., sowie Geschäftsführer der CORPUS SIREO Asset Management Retail GmbH und der CORPUS SIREO Asset Management Residential GmbH.
An overview of the European venture and growth financing market in Q1 2017 based on Go4Venture’s Headline Transactions Index (HTI) http://go4venture.com/q1-2017/
The City of Airdrie Economic Development Team's purpose in undertaking this Office & Retail Market Growth Study was to identify the current retail and office markets, and consider factors affecting of both markets over a 15-year timeframe.
A brief presentation of the strategy of Officenter to combine 'local entrepreneurship/funding' with a professional manamgement in order to create a performant business center group.
The Clairfield FinTech Market Study 2018 has shown: The German FinTech market is undergoing a transition period and consolidation initiatives are gaining importance! Which approaches are suitable for FinTechs, SMEs and Investors? Find out in the extensive analysis of our study.
Global Management Operations from the Greater Zurich Area – Sophisticated Sol...Greater Zurich Area
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Presentation Value Evolution of Offices in Belgium November 2023.pptxKoen Batsleer
Seminar for Belgian real estate experts 'in search of' the total expected return for investments in Offices in Belgium - with the Officenter-buildings as examples.
It demonstrates clearly that the higher yields have their reasons, and are mainly compensated by faster depreciation and lower occupancy rates.
Introducerende voorstelling van de ambitie van de groep rond Officenter om een 8ste Officenter in Eindhoven te realiseren. Voor zij die interesse hebben om ons te helpen, neem contact op met Koen Batsleer (+32 495 534422)
Situering van de evolutie en wijzigingen op de markt van ondernemingsfinanciering. Inleiding voor een gedachtenwisseling met Finpower klanten op 11/12/2012
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Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
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Rams Garden Bahcelievler - Istanbul - ListingTurkeyListing Turkey
Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
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Rams Garden Bahcelievler Apartments, which has 8 times more green space than the average of Istanbul with its 33 thousand square meters of green area located within a total of 75 thousand square meters, offers various housing options from 2+1 to 5+1.RAMS Garden has brought a lifeline to the construction industry.
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Rams Garden Bahcelievler is located 9 minutes from Metroport AVM, 5 minutes from Marmara Forum AVM, 12 minutes from Kazlıçeşme beach, 9 minutes from Yıldız Technical University, 7 minutes from Istinye University, 9 minutes from Ramada Hotel and Medicana Hospital.
https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
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Total Environment Tangled Up In The Green - Residential Plots Where Nature an...JagadishKR1
Embark on a journey where lush landscapes and contemporary living converge at Total Environment's Tangled Up In The Green Residential Plots in Devanahalli, Bangalore. Surrounded by verdant expanses, these plots offer an idyllic setting for your dream home. Immerse yourself in the serenity of nature while enjoying the finest amenities and design, where every moment is a harmonious blend of luxury and tranquility.
Simpolo Tiles & Bathware
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Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
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Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
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Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
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The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
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The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
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Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
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https://listingturkey.com/property/yeni-eyup-evleri-2/
Presentation belgian serviced office market analysis oktober 2019
1. fin POWER
The serviced office market in Belgium
(coworking + business centers)
SERVICED OFFICE MARKET IN BELGIUM
Key financial figures
B.W.A. Conference, October 22nd 2019
2. I. History and evolution of # flexible workspaces
II. Evolution within the Belgian Office market
III. The business centre market : actual situation
IV. Key financials of the business centres in Belgium
V. Conclusions
INTRODUCTION
3. Business & coworking-centers in Belgium :
Slides available on internet
What is a business or coworking-center ?
Uses this as name of his business (business center or coworking-space or both)
Business center : full-time reception available – cfr. VAT-regulation for business centers
Coworking-center : focus on ‘community’, community manager, no full time reception necessary
Serviced offices = full time reception services or community-manager
Used figures :
Published financial data (Belgian National Bank)
INTRODUCTION
“Definitions and limitations”
4. I. HISTORY
“A fast-growing market with a rich history”
• First boom of business centres
was between 1985 and 1990.
• Then, 95-2005 : more failures
then start-ups in our market
until …
• 2005-6 : start of the ‘New Way
of Working’
• From then, we see an
acceleration of the growth of
locations from 5-10 % (2005-
2010) to 10-20% actually
• In 2019, the Belgian market has
grown to more then 450
centre's, a growth with 19 % vs.
2018.
5. Kantoren (x 1,000 m²) Jun. 19
Brussel 12 757 000
CBD - Central business district 9 267 000
Decentraal 2 100 000
Periferie 1 390 000
Antwerpen 2 277 000
Gent 1 342 000
4 andere 'kantoorsteden' 400 - 500,000
(Liège, Mechelen, Leuven, Namur)
15 'regionale steden' 150 - 350,000
(f.ex. Kortrijk, Roeselare, Brugge, St. Niklaas, Aalst, )
30 'kleine' steden
(25-60,000 inwoners) 50 - 100,000
Totaal 24 176 000
# Business centres (in m²)
Number : 265
Average surface : 2 329
Total surface occupied : 617 121
in % of office market : 2,55%
# Co working centers
Number : 185
Average surface : 519
Total surface occupied : 96 050
in % of office market : 0,40%
in % of business center market : 15,56%
Total serviced office surface: 713 171
% oppervlakte 'serviced offices' 2,95%
II. BELGIAN OFFICE MARKET
Situating within the total ‘OFFICE MARKET’
5
Office-market in Belgium
Stable market with appr. 24 Mio office space
Market of ‘larger cities’ very well documented
Estimate of regional cities and total market in collaboration
with CBRE.
Total ca. 24 Mio m², accommodation for > 1 Mio
collaborators (employees + civil servants in office
environments)
Business center market
Total : ca. 265 business centers, appr. 620,000 m² office space.
Accounts for appr. 2,5 % of total office space in Belgium
Co working market
Total ca. 185 Coworking spaces, nearly 100,000 m² office space.
The business and coworking-market covers
nearly 3 % of the total office market in Belgium.
6. II. BELIAN OFFICE MARKET
Situating within the total ‘OFFICE MARKET’
6The office market is shifting towards the ‘serviced offices’
Serviced Office market
Flexible contracts (month/year/…)
Focus on services and community
Office market
‘long term contracts’
No flexibility
Limited services (facilities)
Limited ‘new constructions’ < 2 % of
market
Decreasing demand due to NWOW
Coworking market
< monthly ‘memberships’
Flexible, focus on ‘community’
Limited but increasing services
Market growth > 20 %/year
Business centre market
Flexible ‘yearly’ contracts
Flexible, focus on ‘services’
Limited but increasing community
Market growth 10-20 %/year
Decreasing
market ?
Increasing market
Difference is fading away
7. Total appr. 450 “serviced office locations”
in Belgium :
50% of the market are ‘individual
players’
Bedrijvencentra, Bar D’office, Cowallonia
“group” several ‘independent’ centers
IWG is the biggest ‘operator’ with > 40
locations
More then 20 operators have more then
3 centers increasing professionality.
> 50 % of the market remain ‘stand-
alone initiatives
In Belgium, we have a relatively fragmented market, where less
then 50% of the centers is operated by or within a ‘group’.
III. BUSINESS CENTERS IN BELGIUM
3.1. Operators of business and coworking-centers
8. Medium ‘penetration’ is 3% in
Belgium
Brussels is with 2,5 % still
‘lower’ penetrated
Most cities have between 3 and
5 % of ‘service offices’ (incl.
Antwerp, Liège, Leuven and
Charleroi)
Hasselt, Louvain-La-Neuve,
Turnhout, Genk and Ieper have
a more then 5 % market
penetration of serviced offices
Namur, Brugge, Roeselare en
Charleroi are cities with still less
then 2 % of their offices
operational as serviced offices.
The ‘local’ situation in the different cities is clearly very different.
III. BUSINESS CENTERS IN BELGIUM
3.2 Business centers by location
Sources: CBRE, Finpower
9. IV. FINANCIAL DATA OF BUSINESS CENTER MARKET
4.1. Turnover evolution
• Turnover
– Total market turnover has passed the 150 Mio in
2018 - a growth of 12,7 % vs. 2017
• Growth rhythm
– The ‘market’ growth in turnover has been
fluctuating between 6 and 12 % the pas 10 years
– More ‘stable’ and ‘lower’ than the growth in
number of centers and in m²
• Stable: logic given the ‘start-up-growth’ in turnover of a
new center faster growth in number and m² then in
turnover
• Lower : indication of ‘price-erosion’ seen in the market
from 2006 – 2012.
– Still present due to the increased competition ?
– Very difficult to measure
Turnover growth of the market has increased to 13 % in 2018 – in line with the
growth of the number of operational centers.
10. IV. FINANCIAL DATA OF BUSINESS CENTER MARKET
4.2 Operational profit (EBIT) of business centers
• Due to the high start-up costs of the
new centers, the traditional
operational profit of the market has
decreased to a loss of 1,7 Mio € in
2018.
• 44 % of the centers in our market have
an operational loss in 2018
– In line with international figures (Deskmag)
• Only 52 % of the centers generate a
net profit during 2018
• This decrease in profitability will be the
challenge of our market the following
years.
The profitability of our market is a challenge, where 44 % of the
centers are (still) not profitable in 2018.
11. IV. FINANCIAL DATA OF BUSINESS CENTER MARKET
4.2 Operational profit (EBIT) of business centers
• Main ‘financial’ issue of our market : start-up costs of new business or coworking centers
– Up to > 0,5 Mio for several new centers in 2017-18
– Total start-up losses of business centers opened in 2015-2017 are estimated at 3,5 Mio in 2018
• Making abstraction of those ‘start-up-losses’, the medium profitability of operating centers has
dropped from 4,5 tot 1,5 % - clearly a signal of an increased competition and pricing.
The growth of the market (and competition) has dropped the median
profitability of the market from 4,5 % in 2017 tot 1,3 % in 2018.
2018 Turnover
Operating
profit
in % of
turnover 2017
Total, all centers : 151 802 -1 728 -1,14% 1,08%
New centers 2015 - 2017 13 455 -3 470 -25,79% -36,24%
Total 'mature centers' 138 347 1 742 1,26% 4,47%
12. Conclusions
• The business and coworking market are ‘integrating’ more and more towards a
service-office market
– Business Center and real-estate-groups are ‘incorporating’ the coworking ‘community’-
concept.
• The number of ‘service office centers’ has increased to more then 450 in 2019,a
growth of 17 % vs 2018.
• This means that the service office market occupies nearly 3 % of the Belgian
office market, which is double the level of our first analysis in 2014.
• The profitability of the market comes under much stress due to the increasing
losses of new-opened centers. In 2018, 45 % of all centers have operational
losses, and the medium operating profit of mature centers is less then 2 % on
turnover.
14. Annex 1 : Advantages of scale in our market
• There are clearly a lot of advantages of scale in
the business center market
– Commercially (website, referrals, …)
– Purchasing power, also on management-level
– Strategically and ‘best practices’
• But, the medium turnover of a business center
is declining ….
– And, we have not included the coworking-centers in this
comparison …
• We have put the ‘profitability’ of a center compared with the ‘size’ of each
center.
– Profitability = profit margin on turnover
– Size = turnover by center
• The ‘regression-line’ clearly demonstrates
– The substantial losses that a business center makes in his 1-2 starting years
(between 100 and 500 k€)
– A ‘break-even’ level of a ‘median’ center around 500 k€ turnover
– Above 600-700 k€ turnover, most of the business centers are profitable.
15. Annex 2 : Different financial models in our market
• Asset – efficiency of ‘International market’ is very high – no investment in ‘own’ buildings
– Private and public sector operators mostly have invested in the building
• Financial leverage of public sector very limited (cash > loan volume)
The ‘international’ operators focus optimizing their financial
leverage with ‘renting’ their buildings, the private (partially) and
public sector (mainly) focus on owning the real-estate.
Turn-
over
Fixed
Assets
Assets/
Turnover
Own
Funds
Own
Funds/
Assets
Own
funds/
Turnover
International 26.295 5.480 0,2 -8.223 -1,5 -0,3
Private 45.944 132.465 2,9 63.353 0,5 1,4
Semi-public 25.241 112.922 4,5 107.489 1,0 4,3