With investment in commercial real estate on the rise again in Europe, retail premises continue to recover, according to BNP Paribas Real Estate. They showed the strongest growth of all real estate asset categories, with investment up 31 percent year-on-year, ahead of hotels (+3 percent), offices (+13 percent) and logistics (+19 percent).
With €36 billion ($41 billion) invested during the past 12 months, retail remains in third place in terms of amounts, accounting for 22 percent of investment (versus 15 percent at end 2021 in the depths of the COVID crisis), drawing close to offices (27 percent) and logistics (26 percent). Hotels continue to perform well, up 13 percent (versus a 10-year average of 8 percent).
The three largest European markets, the United Kingdom, Germany and France, still account for the lion’s share of investment in retail, but Spain, Italy and Poland also performed strongly, with year-on-year increases of 25 percent, 311 percent and 382 p
