European property has been performing well over the past few months, with a number of indices suggesting that confidence is returning to the region. Indeed, Property Magazine has reported that transaction levels in retail real estate in Europe
during the first three quarters of 2010 reached EUR 15.2 billion.
This figure is up by over 90 per cent compared to the same period of 2009, with investors flooding back to the market. In particular, the UK, Germany and Poland enjoyed the lion's share of activity, with the three countries accounting for 80 per cent of the total investment.
Agata Sekula, head of CEE Retail Capital Markets, said: "Due to the favourable macro-economic situation in Poland and positive retail sales (6.6 per cent up in August 2010 year-on-year), investor interest in prime shopping centres in Warsaw and the regional cities of Poland has increased markedly."
Elsewhere, Germany continued to see increasing interest from international players to supplement the strong domestic market, which resulted in further yield compression during quarter three, the news provider claimed.
- Tuesday 26 October 2010