The Zaventem retail park ‘Brixton Business Park’ was recently sold to several investing business families. As a result, a separate ‘co-ownership’ was set up for the retail park, according to De Tijd.
What does this mean for future tenant or assortment changes within this co-ownership in terms of (retail) permit applications?
The Decree on Integrated Retail Establishment Policy amended the concept of ‘retail complex’ because of uncertainties in its interpretation. The new definition describes a retail complex as:
A group of retail businesses within the same building or in adjoining buildings that was permitted as one overall building project, regardless of whether:
a) the retail businesses are located on one plot or on adjoining plots;
b) the same person is the developer, owner or operator of the retail businesses.
In other words, it must concern either one building with several (retail) units, or adjoining buildings governed by the same planning permit.
Applied to a (future) retail permit application, the application and the permit will still have to focus on this ‘co-ownership’ itself. These ‘co-owners’ are therefore warned to also take into account and describe the permitted status of the entire building as the basis for the retail permit application.
If you have any questions, I am always happy to share more information.
And in the meantime, happy holidays!
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