30.11.09
Germany, UK and Spain drive growth in European retail property investment in Q3 2009
Investment in European retail property reached over €5 billion in Q3 2009, a quarterly increase of 18%.
Germany, Spain and the UK clearly dominated the market, each reporting over €1 billion of transactions. Germany saw the sharpest increase in activity this quarter, with retail investment exceeding that for offices. This was heavily influenced by a number of large shopping centre transactions. Activity in Spain, on the other hand, was influenced by the €1.15 billion sale-and-leaseback of BBVA's high street bank branches.
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