European retail real estate is showing signs of recovery after several years of repricing, according to a new research report from AEW.
The report, European Retail Parks & Shopping Centres are Back, points to improving investor sentiment, stabilizing fundamentals and a more supportive macroeconomic environment across the sector. Retail has seen the largest improvement in manager sentiment among the four core real estate sectors over the past three years, reflecting a shift in investor outlook after a prolonged period of uncertainty.
“In our latest research report, we take a look at the European retail market, a sector that has experienced the most improvement in recent manager sentiment ahead of the other four core real estate sectors,” said Hans Vrensen, head of research and strategy Europe at AEW. “This is after its substantial and long-lasting repricing that began much earlier than in other sectors in 2017. The macro-economic drivers for retail ha