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.
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.
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.
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.
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.
Similar to Presentation Belgian serviced office market analysis oktober 2023 10 07.pptx (20)
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
Dynamics 365 Bid Management for Construction ProjectsDynamic Netsoft
This PDF provides a straightforward guide to using Dynamics 365 for efficient bid management in construction projects. Learn how to streamline processes, improve accuracy, and enhance productivity with practical tips and step-by-step instructions.
https://dnetsoft.com/dynamics-365-bid-management-software
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.
For more details https://gvrenting.com/
Revenue Keys- Begur Village Survey-Sketchrevenuekeys
Find Land Survey Number View A Begur village Begur Hobli Bangalore The Revenue Department of Karnataka By The Survey Sketch Made Citizen Simple Easy to Find Survey Number,s
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.
Next to the project, which will have 33 thousand square meters of green area, there will be 42 thousand 300 square meters of woodland. There will also be a 210-meter-long pond in the landscape of the project. There are 94.5 square meters of green space per flat.
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.
Rams Global, which has signed projects in many places from Dubai to Phuket and delivered more than 20 thousand residences, is now starting new projects in Istanbul.
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/
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
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.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
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/
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
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.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
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.
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.
One20 North Vancouver Floor Plans by Three Shores Development.
Presentation Belgian serviced office market analysis oktober 2023 10 07.pptx
1. fin POWER
Presentation at the Belgian Workspace Association, 2023
Available on ‘SlideShare’ for every-one
FLEXIBLE OFFICE MARKET IN BELGIUM
Key financial figures
B.W.A. Conference, 26 October 2023
2. I. History and evolution of # flexible workspaces
II. Evolution within the Belgian Office market
III. The flexible office market : actual situation
IV. Key financials of the flexible offices in Belgium
V. Conclusions
INTRODUCTION
3. Flexible office market in Belgium :
Slides available on internet
What was a business or coworking-center ?
Was ‘fundamentally’ different in 2015 : business centers were ‘bricks and morter’, selling
workplaces – coworking was based upon community-building, selling memberships.
Actually, all of them evolving towards ‘flexible offices’ – covering both models.
We still make a distinction, but it becomes more and more difficult to do that. In our
analysis, we use define
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 :
Own data-base of active centers
Published financial data (Belgian National Bank)
INTRODUCTION
“Definitions and limitations”
4. I. HISTORY
“A fast-growing market with a rich history”
• First ‘hype’ of business centres was between 1985
and 1990.
– First Regus-office in 1989 in Brussels
– Then, 90-2005 : more closings than new centres !
• From 2005 on : : start of the ‘New Way of
Working’ (mobile devices), first ‘motor’ of growth
(5-10%/year)
• From 2012 on: additional growth of our market
by the coworking-movement – growth rate of 15-
20 %/year
– Thanks to the ‘Wework-hype’
• Covid en energy-crisis have ‘stopped’ our
marketgrowth from 2021 ot 2023 !
– In 2023 : no ‘net growth’ of number of business centres and
coworking spaces in Belgium
• Net growth of ‘business centres’, decrease in ‘coworking-centres’
5. Offices (x 1,000 m²) 2023
Brussels 12.527.953
CBD - Central business district 8.196.362
Decentraal 2.217.720
Periferie 2.113.871
Antwerp 2.175.000
Gent 1.550.000
4 other 'office-cities' 2.055.000
(Liège, Mechelen, Leuven, Namur)
15 'regional cities' 150 - 350,000
(f.ex. Kortrijk, Roeselare, Brugge, St. Niklaas, Aalst, )
30 'small' cities
(25-60,000 inhabitants) 50 - 100,000
Totaal 24.307.953
# Business centres (in m²)
Number : 327
Average surface : 2.123
Total surface occupied : 694.222
in % of office market : 2,86%
# Co working centers
Number : 183
Average surface : 513
Total surface occupied : 93.942
in % of office market : 0,39%
in % of business center market : 13,53%
Total serviced office surface: 788.164
% oppervlakte 'serviced offices' 3,24%
II. BELGIAN OFFICE MARKET
Situating within the total ‘OFFICE MARKET’
5
Office-stock in Belgium
Stable/decreasing volume with appr. 25 Mio office space
Market of ‘larger cities’ very well documented
Estimate of regional cities and total market in collaboration with
CBRE.
Total ca. 25 Mio m², accommodation for > 1 Mio collaborators
(employees + civil servants in office environments)
Business center market
Total : ca. 320 business centers, appr. 700,000 m² office space.
Co working market
Total ca. 180 Coworking spaces, more then 100,000 m² office space.
Both account for 3,24 % of the total office space in Belgium
The flexible office-market covers more then
3 % of the total office market in Belgium.
6. II. BELGIAN OFFICE MARKET
Situating within the total ‘OFFICE MARKET’
6
The office market is shifting towards the ‘serviced offices’
Flexible Office market
Flexible contracts (month/year/…)
Focus on services and community
Office market
‘long term contracts’
Limited flexibility
Limited services (facilities)
Decreasing demand due to NWOW
Decreasing
market ? Increasing market
7. II. BELGIAN OFFICE MARKET
Expected evolution 2022 – 2030
Office-market : decrease of 1 or 2 %
pro year ?
• After growth of 1-2 % from 90-2010 and stable
evolution from 2010 on.
Serviced office market : increase of
10 or 20 % pro year ?
• A fast growth market or a new hype ?
8. Total > 500 “serviced office locations” in
Belgium :
IWG is the biggest ‘operator’ with appr.
100,000 m², followed by Officenter and
Silversquare.
> 20 operators have 3 or more 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. FLEXIBLE OFFICES IN BELGIUM
3.1. Operators of business and coworking-centers
Rijlabels # m²
(leeg) 287 306.207
IWG (Regus & Spaces) 46 97.473
Officenter 15 48.909
SilverSquare 9 44.037
BC Group (Bedrijvencentra) 16 36.199
MeetDistrict 5 29.500
Mundo Lab 6 20.200
LRM 4 15.300
Interoffices 6 14.045
Brucenter 9 13.587
Bluepoint 3 13.365
Vano Immo 2 13.200
Wework 2 10.581
Workways 2 10.000
Fosbury 2 9.550
Tribes 3 8.000
9. Medium ‘penetration’ is 3,5% in
Belgium
Brussels has with 2,5 % a ‘low’
penetration of BC/CW-centers
Most cities have between 3 and 5 %
of ‘service offices’ (incl. Antwerp,
Gent, Brugge, Aalst and Leuven)
Hasselt, Turnhout, Geel and Nivelles
have a more then 5 % market
penetration of serviced offices
Namur, Roeselare and Kortrijk are
cities with still less then 2 % of their
offices operational as serviced
offices.
The local presence of BC/CW is very different for the main cities in
Belgium, due to some strong, local initiatives (or the absence of… )
III. FLEXIBLE OFFICES IN BELGIUM
3.2 Flexible offices by location
Sources: CBRE, Finpower
10. IV. FINANCIAL DATA OF BUSINESS CENTER MARKET
4.1 Turnover and profitability evolution 2020 - 2022
• Although the clouds have not cleared
up, we clearly see improved profitability
in 2021 and 2022 for our market
– Turnover growth of > 10 % pro year
– The total EBITDA increases with more than 40 %
towards 55 Mio €
• The EBITDA margin increases to nearly 20 %
– The substantial operational losses of our market has been
absorbed, and we have reached the break-even level over all
players in the market.
• We can expect for the coming years a further turnover
growth and a return to ‘substantial’ profitability of our
market by 2024-2025
Our market has been hit hard in 2020 – 2022, but the figures of 2022
gives us good hope that our market will return to profitability the
following years.
2020 2021 2022
Total turnover 240.191 265.063 294.112
Turnovergrowth 1% 10% 11%
Operational cash-flow(EBITDA) 32.252 37.807 54.915
in%ofturnover 13% 14% 19%
Operational profit(EBIT) -11.825 -7.815 -1.785
in%ofturnover -5% -3% -1%
11. IV. FINANCIAL DATA OF FLEXIBLE OFFICE MARKET
4.2. Turnover evolution
• Turnover (figures until 2020)
– Total market turnover has reached nearly
300 Mio in 2022, a growth of more than 10
% after a stable 2020 and a 10% growth in
2021.
• The turnover grows faster then the number of
locations – which indicates an increase in occupancy
and/or increase in prices.
• Growth rhythm
– The ‘market’ growth in turnover has been
fluctuating between 10 an 20 % from 2007
on.
– After the ‘crisis’ of 2020-2022, we can
expect a return to the 10-20 % growth the
following years.
After a ‘decline’ in turnover in 2020 due to covid, we see from 2021 on
a renewal of our growth path towards 10-20 % turnover growth.
12. IV. FINANCIAL DATA OF FLEXIBLE OFFICE MARKET
4.3 Operational profit (EBIT and EBITDA)
• In 2022, the EBITDA realized in our market was
appr. the turnover of our market in 2012 !
• The growth of our market from 2013 – 2018 has
decreased the relative profitability of our
market
– EBITDA has decreased from 25 % in 2011-2013 to less
then 20 % in 2017-18
– Operating profit was more then 5 % in 2011, and
negative the last 10 years !
– Main reason is the substantial start-up losses of new
locations, creating losses during the first 2 to 4 years.
• This decrease in profitability should reverse by
2023, if the market returns to ‘normalization’.
– If demand would exceed offer the following years, a
return to 3-5 % operating profit
The EBITDA of 2022 of our market is higher than the turnover of our
market 10 years ago !
13. Conclusions
• The business and coworking market are ‘integrating’ more and more towards a
service-office market, filling more the 3 % of the Belgian office market
• The number of ‘service office centers’ has remained stable around 500 locations in
2023. We expect that in 2024 a renewal of the growth of our sector with a growth rate
of 10-20 % a year.
– This could mean that our market would occupy to 10 % of the office-market by 2030.
– It can be expected that the demand will grow faster, but it remains a question if the actual market-
structure will be able to respond to this greater market demand.
• This should have a positive effect on the occupation rate en profitability of the coworking-market the following years.
• The profitability of the market was under much stress due to the covid-crisis, but the
limited growth of the offer (number of coworking spaces) combined with an increased
demand (= turnover) will turn our market to profitability the following years.
15. 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.
16. 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