RETAIL INVESTMENTS REMAIN ON TRACK: DYNAMIC MARKET DESPITE A SLIGHT DECLINE IN VOLUME
-
Although the retail investment market reported a slight decline in investment volume to around €4.1 billion (-16% vs.Q1–3 2024), the lively transaction activity recorded in the first half of the year has continued in recent months. One reason for this is the high volume of single deals, which reached €944 million between July and September, the highest quarterly figure of the year so far.
-
The market drivers therefore remain highly diversified. While individual sales currently prevail, portfolio transactions dominated over the course of the year. These were primarily driven by the Porta acquisition by XXXLutz, valued in the high three-digit millions. Recently, however, the package sales segment has seen smaller portfolios consisting of retail parks and food-anchored assets. However, in the portfolio sector in particular, new transaction processes are constantly being initiated. Although some of these are in the marketing phase for long periods of time, they nevertheless keep investment dynamics at a consistently high level.
-
In terms of size categories, it is positive that deals in the three-digit million range are being concluded again for both portfolios and single assets. However, the average deal volume remains low at €24 million.
-
The distribution of volume by property type continues to be determined by the Porta acquisition in the retail warehousing sector (a good 63%). While shopping centres are once again becoming a noticeable focus for investors (around 16% market share), investment in the high street and department store sectors has so far been predominantly small-scale (15% and 5% respectively).