Property adviser Savills has opened up an office in Brussels to serve the Belgian and Luxembourg property sectors. The new office will initially provide transactional and valuation services and will be run by John Defauw and Gregory Martin, who will act as managing directors. The office will work closely with the property adviser's other European offices, particularly Amsterdam, Paris and German investment teams.
Property adviser Savills has opened up an office in Brussels to serve the Belgian and Luxembourg property sectors. The new office will initially provide transactional and valuation services and will be run by John Defauw and Gregory Martin, who will act as managing directors. The office will work closely with the property adviser's other European offices, particularly Amsterdam, Paris and German investment teams.
Defauw and Martin have joined Savills from Prefimco Investment Management, a fund and investment management business where they were both co-founders and managing directors.
'Although the international economic environment is challenging for the moment, the Brussels property market should perform well,' Martin said in a statement. 'The office market has a large exposure to government and public institutions, at 50% of the 12.4 million m2 of office stock, and will provide a stable cash flow within this current environment. The Luxembourg property market, being mainly driven by the financial services industry, offers similar long term healthy prospects.'
