European retail investment tops $41b in first half of year
Total investment in retail property across Europe reached €35 billion ($41 billion) during the first half of 2015, which was a 63 percent increase on the same period of 2014, according to DTZ’s second quarter Europe retail update report.
The DTZ European Retail Investment Market report shows that the United Kingdom and Germany were the main drivers of the increase with investment volume market shares of 27 percent and 26 percent, respectively. They were followed by the Nordic region, where retail investment volume reached €6.2 billion ($7.2 billion) during the first half of 2015 — up from €3.3 billion ($3.8 billion) in 2014 as a whole. According to DTZ, market activity is still positive in Southern Europe with €4.1 billion ($4.8 billion) of acquisitions recorded since the beginning of the year.
Some notable European retail transaction include CBRE Global Investors, on behalf of Malaysia pension fund EPF, buying the