Germany: Retail Investment Q4 2018

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Looking at the far-reaching structural changes currently happening across the retail landscape, we expect the selective approach being taken by investors in their decisions to purchase retail property to continue in 2019. Many investors who tend to be rather risk-averse in the current market cycle will likely wait for the long overdue revitalization and repositioning of shopping centers and downtown department stores before again showing interest in products outside the core segment. Based on this trend, we expect to see a rise in shopping center yields over the course of 2019. The retail warehouse segment, which is dominated by grocery, will for now remain a main force behind transaction activity, which will cause purchase prices to stabilize and, in some cases, increase slightly. Despite the high number of dealssigned, the limited volumes generated by this asset type could mean that the €10bn-mark will be difficult to reach in 2019, especially with supply becoming increasingly scarce.

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Germany: Retail Investment Q4 2018

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Susanne Kiese

Head of Research | Germany

Duesseldorf

Susanne joined Colliers International Holding GmbH in February 2016 as Head of Research Germany. Before, she worked as a Senior Research Analyst for Hypothekenbank Frankfurt / Eurohypo, a specialist bank for real estate and public finance for almost 12 years. Susanne was also Research Analyst with Deutsche Gesellschaft für Offene Immobilienfonds (DEGI) GmbH, the property related investment company of Allianz Dresdner Property Group (now part of Aberdeen). 

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