|
|
|
|
July 2009
Retail investment transactions – First half 2009
- The retail investment market has slowed down considerably in the first half of 2009 with the total retail investment volume in our survey area reaching around €2.6 bn, which is 61% lower compared to the same period in 2008.
- Savills Research monitors the retail transactions (excluding high street units) that take place in the countries of the Savills network (excluding the UK). These include the investment deals that involve shopping centres, retail parks, hypermarkets, supermarkets as well as portfolios of retail properties.
- The drop in the number and size of investment transactions this year is in line with the general decrease in total investment activity in commercial real estate. Investors are cautious focusing now mainly on high quality products, such as prime regional shopping centres, well located retail units, stable tenants and properties with long leases. However financing for large lot sizes is limited and therefore shopping centres are harder to sell. Most deals are for smaller properties and are driven by private, equity investors. Funds and institutions also accounted for a large part of the activity, while some opportunistic funds are investigating the market, but with the expected level of distressed sales yet to materialise activity remains subdued.
 |
CONTACT
Brian Burgess +48 22 330 06 30
bburgess@savills.pl
Michał Stępień +48 22 330 06 41
mstepien@savills.pl
Marcin Purgal +48 22 330 06 56
mpurgal@ savills.pl
|
|
|
