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Investment in retail space in Europe soars to €28 billion in 2007 |
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HOME >> NEWS >> Investment in retail space in Europe soars to €28 billion in 2007 |
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 Commercial real estate investment on mainland Europe (excluding UK and Northern Ireland) was valued at €27.7 billion in 2007, marking a seven per cent year on year growth. The figure was cited in a survey conducted by Jones Lang LaSalle.
The fourth quarter of 2007 reported smaller investments due to increased expenses. The final quarter of 2007 registered €6.6 billion in retail space investment, translating into a fall on the same period in 2006, when the corresponding figure accounted to €10.1 billion. Nonetheless, investment volume in Q4 2007 has been the fourth largest since surveys began, Jones Lang LaSalle's analysts note.
The number of transactions in commercial property, concluded in 25 countries on the mainland in 2007, totalled 43 - a four per cent mark-up on 2006.
The German market generates 26 per cent of the total investment or €7.3 billion in absolute terms. More than 20 per cent of total investment is accounted for by the five largest deals.
Unsurprisingly, the Russian market was one of the most active in 2007, instigated by investors’ march eastwards in their quest for higher returns.
Turkey also scored well – striking a significant rise in investment, reaching €940 million.
Romania recorded a more than twofold growth of retail investment, soaring to €1.1 billion.
Earlier in January Jones Lang LaSalle reported a decline in total investment in the European real estate sector for 2007 due to a market meltdown in the second half of the year.
Source: http://www.property-magazine.eu/ |
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International Corporate Governance
This issue explores how governance attributes are directly related to the substantial variation - across both countries and companies - in ownership, investment and valuation. |
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