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European investment declined
24.01.2013 1970

European investment declined

Investments in European retail property in the 4th quarter decreased by 11% compared to the same period last year, amounting to 7,6 billion euros. The annual investment in this segment amounted to 19,4 billion euros, analysts calculated Jones Lang LaSalle.

In 2012, Germany and the United Kingdom became one of the most attractive markets for investors. In the commercial real estate segment of these countries accounted for 23% and 30% of investments. The top five countries also included Sweden, Norway and France.

The largest transaction in the 4th quarter of 2012, experts at Jones Lang LaSalle called the purchase of a 50% stake in Meadowhall Shopping Center in Sheffield (UK). The transaction amount is 943 million euros. Analysts were also attracted by the acquisition of Kista Galleria in Sweden (€ 526 million). Anthony Pastiroff, head of the commercial real estate investment department at Jones Lang LaSalle in Sweden, notes the high potential of the Swedish market, citing stable investment levels and a large number of foreign buyers.

Adrian Pichy, Head of Commercial Real Estate Investment at Jones Lang LaSalle in the UK, is confident that the country's market, despite the difficult economic realities, remains attractive to foreign investors and is one of the most attractive retail real estate markets, second only to the United States.

Regarding forecasts for 2013, Jones Lang LaSalle believes that investment in retail real estate in Europe will remain at the level of the previous year.

Investments in retail real estate in Europe in the 4th quarter decreased by 11% compared to the same period last year, amounting to 7,6 billion euros. The annual volume of investments in this segment amounted to ...
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