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15 May 2017 Growth in Continental Europe remains robust in Q1 2017 Europe commercial real estate investment totalled €56.1bn in Q1 2017 according to CBRE. Trading activity in continental Europe increased despite elections in several notable markets. 15 May 2017 Retail park vacancy rates hit record low in the UK Vacancy rates in the retail warehouse market have fallen to their lowest level in more than 15 years. Research by Trevor Wood Associates said vacancy rates have fallen to 5.3%, down from 5.9% last year and well below the peak figure of 11.8% recorded in 2009. 15 May 2017 Globalisation is alive and well in the real estate sector Cushman & Wakefield’s 2017 Atlas Summary report tells the investment stories that are driving the market ahead. Despite political uncertainty, rising populism and the threat of protectionism, cross border real estate investment interest remains high and capital continues to flow in and around all areas of the world.

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Factory Outlet Centres – Next Stage of Development in Poland

The first factory outlet centres appeared in the 1980s in France and Great Britain. In Poland the first factory outlet stores were implemented around 10 years later, as a natural consequence of market development with the first Factory Outlet opening in 2002. Excluding the years of the financial crisis between 2008 and 2010, there has been at least one outlet centre coming to the market annually. For Poland, outlet centre density is at the level of 5.0 sqm/1,000 inhabitants. In Germany, the corresponding figure only reaches 1.8, while in Switzerland and UK the density is at the level of 9.6 and 8.7 respectively. The vacancy rate in outlet stores is mostly generated by new schemes and by extensions. Currently, the vacancy level in outlet centres stands at 5.6% but falls to 1.9% when new projects and extensions are excluded.

Outlet centres are based on fashion tenants, which account for 30% of the tenant mix. 12% of the tenant mix is comprised of sports’ equipment and sports’ fashion tenants, creating a strong offer and covering many factory outlet anchor tenants. Services that are crucial to the traditional shopping centre tenant mix, among them being mainly travel services. Such categories as entertainment and leisure, homewares or electronic equipment appear only selectively and are not among typical outlet tenants. 

Population density is crucial to the success of an outlet centre. Among the most important conditions of a profitable outlet development is the accessibility of around 2 million people within a 1.5 hour-drive catchment area. The above mentioned indicator, as well as the catchment areas of existing schemes indicate that such regions as south-eastern, south and central Poland could be potential new spots for factory outlet centres developments.

Source: CB Richard Ellis, 24th June 2015

Retail News

Growth in Continental Europe remains robust in Q1 2017

Europe commercial real estate investment totalled €56.1bn in Q1 2017 according to CBRE. Trading activity in continental Europe increased despite elections in several notable markets.

Read whole story

Retail park vacancy rates hit record low in the UK

Vacancy rates in the retail warehouse market have fallen to their lowest level in more than 15 years. Research by Trevor Wood Associates said vacancy rates have fallen to 5.3%, down from 5.9% last year and well below the peak figure of 11.8% recorded in 2009.

Read whole story

Globalisation is alive and well in the real estate sector

Cushman & Wakefield’s 2017 Atlas Summary report tells the investment stories that are driving the market ahead. Despite political uncertainty, rising populism and the threat of protectionism, cross border real estate investment interest remains high and capital continues to flow in and around all areas of the world.

Read whole story

Germany is ahead of the UK as the most attractive place to invest & the Nordics enters the top three

The most attractive country for real estate investments in EMEA. Germany (22%) retains the top spot, beating the UK (20%) for the second consecutive year.

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Global Consumers feel the pinch

Household spending around the world has benefitted from three powerful tailwinds in 2014-2016 namely cheap money and low debt servicing burdens, cheaper energy and second round effects via transport costs and recovering labour markets shifting millions of unemployed into work.

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Retail tenants emerge from cyberspace

Many online retailers have recognised the need to create a physical shopping experience for their customers and further market their brands as they grow.

Read whole story

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Background Photo:
Ragusa: Ibleo Shopping Centre