Trends across the European retail investment market have been diverse this year, reflecting the ongoing disruption to the sector; however, according to Savills, despite the headwinds caused by the pandemic, investment into retail held up well in the first three quarters, with volumes amounting to €20.9 billion ($25.61 billion), compared with €20.8 billion ($25.48 billion) last year.
Eri Mitsostergiou, director, Savills European research, said, “Supply of product has been driven by investors who are aiming to reduce their exposure to the retail sector and owner-occupiers who are trying to raise capital through sale and leasebacks. Investment activity has been further strongly underpinned by demand for food and convenience retail, a segment where profits have soared under lockdown.”
The retail sector maintained its proportion of the total volume invested into real estate in the region (17 percent, compared to a five year average of 18 percent), but Savills has st
