Investment activity was healthy throughout 2014 as the availability of stock increased, going someway to satisfy the latent demand from capital that has been targeting the sector for the last 24 months. However a significant push in the latter part of 2014 driven by volume of equity coupled with increasingly aggressive debt finance, lifted volumes to a record level. A review of the JLL deal pipeline suggests that there will be no let-up in this momentum in 2015, certainly in the first half of the year.
In the 8th annual European Retail Investment report, JLL reviews 2014 and predicts key trends for 2015. We analyse investment volumes for 2014 at €37.6 billion, a 42 per cent increase over the €26.6 billion recorded in 2013 and the highest volume recorded since 2007. Last year saw the return of Spain and Italy to the core retail investment markets. They joined the UK, Germany and France as the top five markets in 2014, accounting for around 80 per cent of total volumes.
Jeremy Eddy+44 77755 02823Jeremy.Eddy@eu.jll.com
Shelley Matthews+44 7739 591575Shelley.Matthews@eu.jll.com
Jenny Etteborn+44 7738625447Jenny.Etteborn@eu.jll.com