European Retail market: The recovery has been taking hold
Retail investment increased significantly in first half 2022 (+23 percent year-over-year), totaling €19.7 billion ($19.47 billion), according to BNP Paribas Real Estate.
Over the past 12 months, European retail investment has risen by 19 percent to €43.2 billion ($42.7 billion).
German retail investment increased in the first half 2022 compared to first half 2021, thanks to higher retail warehouse transaction volumes, although still below the five-year average.
Retail investment in the United Kingdom was strong in first quarter 2022, but slowed in second quarter, resulting in a first half figure below the historical average.
After a record first quarter, French retail momentum continued with €2.5 billion ($2.47 billion) invested in the first half of the year. More than 100 transactions were closed in the first half of 2022 compared to less than 70 in first half 2021, and among these, six exceeded €100 million ($98.8 million).