Retail property: GRAI index reveals encouraging signs for Germany, Ireland, Spain and Portugal
There is currently no shortage of apocalyptic scenarios when it comes to the “bricks and mortar” retail sector, according to Union Investment’s Global Retail Attractiveness Index (GRAI). A weaker economy and increasing signs of a cyclical downturn are providing ammunition for the prophets of doom rather than arguments for investors looking to buy. At a time when entire markets and subsectors are being written off and some professional investors are simply giving up, it is nevertheless helpful to focus on the positive signals coming from some European retail markets.
“Investors tend to punish markets too severely due to political turmoil, yet the reality in some markets, such as Italy or Spain, is rather different. There is still scope in Europe for opportunistic investments in the current market environment,” said Henr