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Commercial property: UK retail real estate records 'strong performance'



CB Richard Ellis (CBRE) has announced that the first six months of 2010 saw European retail real estate investment turnover total €15.7 billion (£12.9 billion), with Britain at the forefront of the activity.

The figures represent a 15 per cent increase on the previous rate, which may be welcomed by commercial property observers in the country.

John Welham, head of European retail investment at CBRE, stated: "Larger deal liquidity has improved this year, particularly in the European retail investment sector."

He added that demand among investors has mostly centred on high-quality shopping centres and other such facilities.

Core western European markets such as the UK and Germany accounted for nearly 60 per cent of the overall spending total, it was revealed.

Recently, the organisation announced that central London investment volumes went up in the second quarter of 2010 following an increase in stock.

It reported that turnover in this area achieved a 57 per cent increase.

Posted by Fiona White
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