European retail property has seen a surge in interest from investors during the third quarter of this year, new figures would suggest. Bloomberg reports that the renewed interest in the region has been led by a string of deals in Germany, Poland and the UK.
According to the news provider, real estate advisory firm Jones Lang LaSalle has claimed that spending on shopping malls, retail parks and supermarkets has increased to EUR 5 billion, up from EUR 2.9 billion a year previous. Furthermore, acquisitions in the first three quarters of 2010 reached EUR 15.2 billion - almost double the EUR 7.8 billion recorded in the same period of 2009.
And investment in Germany, Poland and the UK accounted for a massive 80 per cent of the total spend, highlighting the importance of the three markets to a successful recovery process.
The news comes just after DTZ reported that investment in the commercial property sector in Europe would rise
by as much as 42 per cent by the end of the year.
- Friday 22 October 2010