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New investors, new opportunities

The financial climate is uncertain, but new investors and investment opportunities are expected in Europe this year.

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Oslo, Old City Hall

In MORE Vision 4, we explored the top retail trends coming up in 2012. While the financial climate in Europe remains uncertain, one thing we expect to see this year is new investors and investment opportunities emerging in certain areas, as global players target hotspots like Poland, the Czech Republic, Germany and Scandinavia.

Bloomberg recently announced that Germany and Scandinavia are the most favoured investment locations in Europe for unlisted real-estate funds, because money managers perceive them as more likely to weather the recession threatening the region.

German retail properties were the top pick for a second year in an annual survey of 121 investors and money managers by the European Association for Investors in Non-Listed Real Estate Vehicles, or Inrev. The respondents own or manage $2.16 trillion of assets, and more than 60% of them said German retail is their preferred location and industry.

Shopping centres and stores in Scandinavia are the second most popular real estate investments in Europe, Inrev’s survey showed. Offices in the region were ranked third.

They’re not the only options, however. In a 2011 third-quarter retail real estate report, Jones Lang LaSalle identified Poland and the Czech Republic as top growth regions in Europe.

According to the report, Poland continued to see healthy transaction volumes in the third quarter at €510.5 million, buoyed by the €237.5 million purchase of a 50% interest in Galeria Mokotów in Warsaw by Unibail-Rodamco and Blackstone’s purchase of Magnolia Park in Wroclaw for €222.5 million.
 
Combined, Poland and the Czech Republic represent Central and Eastern Europe’s retail investment powerhouses with combined investment volumes of €1.7 billion in 2011.

Watch this space for the next MORE Vision!

Every two months, MORE Vision by MAPIC will contribute to the retail real estate community’s knowledge base by exploring a key trend influencing retail property strategy today. Each issue of this multichannel and multi-tool service will include a presentation of a trend, with history, key figures and useful links. Questions raised will be opened up for debate on our social media platforms – the best comments and discussions will be summarised and published here on the MIPIMWorld blog.

MORE Vision 1 – Social shopping

MORE Vision 2 – Citysumers

MORE Vision 3 – Culture, leisure: traffic generator?

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Image: Bernt Rostad

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