City 2

City 2 is one of the principal central Brussels shopping centres, opened in 1980 along the Rue Neuve pedestrian retail axis that defines the Belgian capital’s primary urban shopping district. The 37,000-sqm urban retail centre houses approximately 100 stores across multiple retail levels, anchoring the northern end of the Rue Neuve axis alongside the Inno department store and the broader pedestrian retail concentration that draws daily visitor traffic from across the Brussels metropolitan area.

The format combines a Brico DIY anchor on the lower level with mid-tier fashion volume across the retail floors and a Mediterranean-themed food court that operates as the marquee dining destination within the property. International vertical apparel chains, Belgian specialty retailers, and beauty and accessories formats populate the tenant lineup at the accessible-mid-market positioning that calibrates the asset for the broad demographic that the Rue Neuve axis serves.

The catchment is structurally tourist-led at a higher concentration than any suburban Belgian centre. The Rue Neuve pedestrian axis carries the principal Brussels visitor flow alongside the Belgian domestic shopping demographic that the metro Rogier station delivers directly to the property’s underground entrance. The Brussels-Nord rail station immediately adjacent provides regional and high-speed rail connectivity that adds Belgian and Dutch visitor traffic to the catchment.

AG Real Estate operates City 2 as part of its broader Belgian retail portfolio. The asset’s competitive position within the Brussels retail map is the urban Rue Neuve flagship, complementing the operator’s suburban Westland Shopping and Woluwe Shopping Center properties, with the Galeries Royales Saint-Hubert luxury arcade and the Avenue Louise high-street axis providing the upper-tier urban retail register that City 2 is not engineered to compete against.