Investment in retail property in Europe grew by 90 percent

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The volume of investment in retail property in Europe for the first three quarters of 2010 amounted to 15.2 billion euros, up 90 percent over the same period in 2009 (7,8 billion). This is stated in the study of Jones Lang LaSalle.

In the third quarter, investments amounted to EUR 5 billion, which corresponds to the previous quarter. In July-September was concluded ten transactions whose volume exceeded 100 million euros. The most significant of them – the acquisition by Unibail-Rodamco seven shopping centers Simon Ivanhoe in Poland and France for a total of 715 million euros.

The UK, Germany and Poland accounted for 80 percent of the total investment for the third quarter (EUR 4 billion). In Poland, demand for real estate grew throughout the year and for the third quarter, it ranked third in terms of investment.

Experts also note the growing interest of investors in commercial real estate in Russia. Due to limited supply ready-made objects in the near future, analysts predict a pent-up demand for real estate. In this regard, is also expected to increase investors’ interest in less quality projects and unfinished projects.

According to the consulting firm Cushman & Wakefield, in the first half of 2010, Russia ranked first in Europe in terms of retail space, commissioned, and the volume of space under construction. During the first six months in Russia was put into operation about 430 thousand square meters of leasable retail space (41 per cent falls to Moscow).

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