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Corporate retail real estate up 34 per cent | 27 July 2011

European investment into retail real estate is up 34 per cent over the same period last year, showing a growing confidence in the market.

PropertyWire.com revealed that as a result of direct investment into retail real estate, investment volumes now stand at 13.6 billion Euros in 2011. This quarter alone accounted for 4.9 billion of the total.

The latest figures, obtained by a global real estate firm, also disclosed that the majority of this investment was focused in the UK and Germany – representing 56 per cent of the total volumes in this quarter.

Sweden and Russian had notable investments of 572 million Euros and 432 million Euros this quarter respectively.

“Current investor demand remains focused on the core European markets of France and Germany but we also expect Poland and CEE (Central and Eastern Europe) to witness significant investment volumes by the year end,” commented Jeremy Eddy, a property specialist.

However, Eddy said that northern European markets were somewhat constrained by stock availability.

“It remains true across the majority of Europe that there is significant equity available for high quality assets and we expect the trend we identified of equity partnering expertise to accelerate further,” he added on InvestorToday.co.uk.

Shopping venues remained a valuable asset, accounting for 59 per cent of total European retail volumes this quarter.

However, UK investors were more likely to add warehouses to their portfolio this quarter rather than retail units. Of the 29 deals that occurred, average deal sizes were 21 million Euros with a markedly decreased appetite for retail units.

Agata Sekula, a retail investment expert, explained that the investors’ appetite for retail stock was strong within CEE. She put this down to a large shopping centre deal, Olympia in Brno, in the Czech Republic.

“We are also aware of number of retail properties currently under exclusivity with expected closings in quarter three and quarter four of 2011,” she revealed, adding to the predicted performance of CEE in 2011.

Written by Chris Taylor on behalf of Qube Global Software

While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.

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