Germany top for shopping centre investment

Germany is top for shopping Centre investment, according to Savills.

The research, which analyses 16 markets around the world, says that the eurozone’s strongest economy is the best core destination for shopping Centre investment, just ahead of the UK and France.

Strong economies, combined with high consumer spending and low unemployment levels, were cited as the key factors in making the countries so attractive to retail property investments.

Nick Hart, head of UK and European shopping Centre investment at Savills, comments: “Since the start of the economic crisis there has been a clear flight to core dominant retail markets and pricing has increased in some cases 100 basis points in the last nine months. We are also seeing a huge weight of money enter the sector across the purchaser spectrum and in 2014 we predict we will see investors continue to look to core countries, although some of these may consider secondary schemes in those markets. The more risk embracing investor will seek out opportunities in non-core markets.”